"Receives" Defined

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Sec. 6. "Receives", as applied to a taxpayer, means:

(1) the actual coming into possession of, or the crediting to, the taxpayer, of gross receipts; or

(2) the payment of a taxpayer's expenses, debts, or other obligations by a third party for the taxpayer's direct benefit.

As added by P.L.192-2002(ss), SEC.47.


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