Source: https://texreg.sos.state.tx.us/public/readtac$ext.TacPage?sl=T&app=9&p_dir=F&p_rloc=172050&p_tloc=14874&p_ploc=1&pg=2&p_tac=&ti=34&pt=1&ch=3&rl=599
Timestamp: 2019-06-20 12:06:46
Document Index: 552991717

Matched Legal Cases: ['§3', '§151', '§3', '§151', '§151', '§3']

RULE §3.599 Margin: Research and Development Activities Credit
(2) The comptroller may require a taxable entity that claims a credit under this section to provide all data and information required for the comptroller to evaluate the credit and to comply with Tax Code, §151.3182(c).
(m) Amending reports.
(1) If a report was originally due and filed after the effective date of this section and a credit allowed under this section was not claimed, a taxable entity may file an amended report within the statute of limitation to claim a credit, if the taxable entity or a member of its combined group does not have an active Registration Number for that period. See §3.584 of this title for information about filing an amended report.
(2) If a taxable entity or member of the combined group has or had a Registration Number for a period it intends to claim a credit allowed under this section, the taxable entity or member of the combined group must submit a written request to cancel the registration before claiming a credit with the following information:
(A) the tax period(s) covered by the report which it intends to claim a credit allowed under this section; and
(B) a statement whether tax-exempt purchases were made. If tax-exempt purchases were made, include an original or amended sales and use tax report with tax due, penalty, and interest for the sales tax periods that cover the tax-exempt purchases.
(3) If a report was filed claiming a credit allowed under this section and the taxable entity later decides to claim a sales and use tax exemption under Tax Code §151.3182, the taxable entity must:
(A) file an amended report that does not claim the credit under this section and pay any tax, penalty, and interest due;
(B) apply for a Registration Number; and
(C) file a request for a sales and use tax refund for taxes paid on purchases under Tax Code, §151.3182.
Source Note: The provisions of this §3.599 adopted to be effective April 5, 2015, 40 TexReg 1858