Any taxpayer who requests approval of a statutory tax credit is deemed to have received such approval if the request has not been granted or denied within one hundred eighty days of the date it was filed. Nothing in this section shall be construed to prevent the department from auditing taxes paid or from assessing taxes owed, including any tax resulting from tax credits found not to be valid.
History: Laws 2003, ch. 398, § 10.
ANNOTATIONSEffective dates. — Laws 2003, ch. 398, § 16 made Laws 2003, ch. 398, § 10 effective on July 1, 2003.