18.15.226    DISTRIBUTOR - SUPPORTING DOCUMENTATION FOR BAD DEBT CREDIT

(1) A credit claim for taxes paid on accounts for which the distributor received no compensation must accompany documents or copies of documents showing the accounts were worthless and claimed as bad debts on the distributor's federal income tax return. Any further information pertaining to claim must be furnished as required by the department.

History: 15-70-104, MCA; IMP, 15-70-425, 15-70-432, MCA; NEW, 1989 MAR p. 1282, Eff. 9/1/89; TRANS, from Dept. of Revenue, Ch. 512, L. 1991, Eff. 7/1/91; AMD, 1996 MAR p. 913, Eff. 4/5/96; AMD, 2010 MAR p. 2814, Eff. 12/10/10; TRANS & AMD from ARM 18.9.117, 2016 MAR p. 1849, Eff. 10/15/16.