Mich. Admin. Code R. 207.125 – Deduction allowed for full credit or refund arising from cancellation of charge for transaction. | Midpage
Rule 207.125
Mich. Admin. Code R. 207.125
Deduction allowed for full credit or refund arising from cancellation of charge for transaction.
(By authority conferred on the bureau of revenue, department of treasury, by section 3 of 1941 PA 122, MCL 205.3)Customer Service Bureau
(1) The department shall allow a deduction on the return for a credit or refund issued by a person engaged in the business of providing an airport parking facility to a customer for a cancellation of the charge for the transaction only when the person engaged in the business of providing an airport parking facility gives a credit or refund for the full amount of the charge for the transaction and the reimbursement of the excise tax.
(2) The department shall not allow a deduction for a partial credit or partial refund of the charge for the transaction and reimbursement of the excise tax.