If, after examination of a financial report, the Department determines that the licensee has paid more than the tax lawfully due, the Department shall refund the excess payment or, at the option of the licensee, issue credit equivalent to the excess payment against future tax liability.

Historical Note

Adopted effective June 5, 1984 (Supp. 84-3). Amended effective December 22. 1989 (Supp. 89-4). Amended by final rulemaking at 9 A.A.R. 4186, effective November 8, 2003 (Supp. 03-3).