Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2013
Sales and Use Tax Annotations
465.0000 REMEDIES OF TAXPAYERS
465.0010 Applications of Credit. The following applies to determinations and the application of credit:
(1) A credit for a different period may properly be offset against a determination which is not final. An offset does not require that a notice of determination be final. (See section 6483.) (2) The statute of limitation may bar the assessment and collection of any sums, but it does not obliterate the right of the Board to retain payments already received when they do not exceed the amount which might have been properly assessed and demanded.
(3) The application of a credit to an existing liability is a procedural matter, and the Board is not required to grant a hearing on how a credit is applied. 12/3/93.