297H.09 BAD DEBTS.
The remitter of the solid waste management tax may offset against the tax payable, with
respect to any reporting period, the amount of tax imposed by this chapter previously remitted to
the commissioner of revenue which qualified as a bad debt under section 166(a) of the Internal
Revenue Code, as amended through December 31, 1993, during such reporting period, but only in
proportion to the portion of such debt which became uncollectable. This section applies only to
accrual basis remitters that remit tax before it is collected and to the extent they are unable to
collect the tax.
History: 1997 c 231 art 13 s 14