63-3042A. EVIDENCE OF EXPENDITURES. For the purpose of documenting an expenditure as a deduction or credit under this chapter, there is a rebuttable presumption that a taxpayer’s statement or invoice from a credit card company or other financial institution reflecting the expenditure serves as evidence that the expenditure was made by the taxpayer. This presumption may be rebutted by competent evidence.
History:
[63-3042A, added 2021, ch. 206, sec. 1, p. 561.]