Laws, Regulations and Annotations
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Business Taxes Law Guide—Revision 2024
Sales and Use Tax Annotations
A B C D E F G H I J L M N O P R S T U V W X
B
130.0000 Bad Debts—Regulation 1642
Annotation 130.0040
130.0040 Accounts Receivable—Purchase of. The allowance of a bad debt credit to reduce a taxpayer's liability for unpaid sales and use tax is not permissible if the losses on worthless accounts is suffered by a party other than the taxpayer. The purchaser of accounts receivable is not allowed to take a bad debt loss on accounts he cannot collect. 1/8/65.