59-7-206 - Offsets against tax.
59-7-206. Offsets against tax.
There shall be offset against the tax imposed by this part for any period the amount ofany tax imposed on the taxpayer under Section 59-7-104 for the same period. In the event thattaxes, interest, and penalties have been or shall be assessed against, paid by, or collected from ataxpayer under Section 59-7-201, which assessment, payment, or collection should have beenmade under Section 59-7-104, such taxes, interest, and penalties shall be considered as havingbeen assessed, paid, or collected under Section 59-7-104 as of the dates they were made.
Amended by Chapter 169, 1993 General Session