(A) To claim a refund under Sections 12-28-720 through 12-28-780, a person shall present to the department a statement that contains a written verification that the claim is made under penalties of perjury and lists the total amount of taxable motor fuel purchased and used for exempt purposes. The claim must be filed not more than three years after the date the taxable motor fuel was purchased. The statement must show that payment for the purchase has been made and the amount of tax paid on the purchase has been remitted to the seller.
(B) The department may make investigations it considers necessary before refunding the taxable motor fuel tax to a person and may investigate a refund after the refund has been issued and within the time frame for making adjustments to tax under this chapter.
(C) Where a refund is payable to a supplier, the supplier may claim a credit in lieu of the refund.
(D) To facilitate efficient administration and in lieu of any of the individual refund procedures, the department may provide by regulation an alternative election by the applicant for a refund by way of credit against state income tax liability.