Authorizes a state income tax credit for contributions to unplanned pregnancy resource centers, including donations of cash, stock, bonds or other marketable securities, or real property. The Director of Revenue bears the burden of proof on factual issues if the taxpayer has produced evidence of a reasonable dispute over an issue and has complied with reasonable requests for documents and other information. Upon written request of a taxpayer under audit, the Department of Revenue is required to provide a statement as to the legal basis for any audit findings. The act allows sales taxpayer to claim a prior period adjustment on the sales tax return. It requires the Director of Revenue to make tax refunds within 120 days of receiving proper documentation from the taxpayer.
Entities are liable for improper sales tax exemption certificates.
Interest will be owed from the date the tax was collected. Withdrawals must be approved by the community-based organization that administers the accounts. Program contributors are also eligible for tax credits.