§ 31-36.1-15 - Credit on tax – Refund.
SECTION 31-36.1-15
§ 31-36.1-15 Credit on tax – Refund.– (a) Every motor carrier shall be entitled to a credit on the tax equivalent tothe rate per gallon of the tax in effect under chapter 36 of this title, on allmotor fuel purchased by the carrier within this state for use in its operationswithout this state and upon which motor fuel the tax imposed by the laws ofthis state has been paid by the carrier. Evidence of the payment of the tax inany form that may be required by, or is satisfactory to, the state taxadministrator, shall, be furnished by the carrier claiming the credit allowedin this chapter.
(b) When the amount of the credit provided in this chapter,to which any motor carrier is entitled for any quarter exceeds the amount ofthe tax for which the carrier is liable for the same quarter, the excess may,under the regulations of the tax administrator and the International Fuel TaxAgreement be allowed as a credit on the tax for which the carrier would beotherwise liable for any of the eight (8) succeeding quarters.
(c) The licensee shall receive, on request, a cash refund ofany accumulated credits. All requests for refunds of credit balances must befiled in writing.