Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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B

130.0000 BAD DEBTS—Regulation 1642

Annotation 130.0093.500

130.0093.500 Bad Debts Arising After Close Out. The Board's practice has been to allow refunds on debts which become bad after close out. The justification for this interpretation can be found in the first sentence of section 6055, to the effect that the retailer "is relieved from liability for sales tax . . . " The rest of the section may be taken as describing a remedy which, though available, is not exclusive. 10/30/78.