§40-18-213. Rules and regulations; fees; audit.

The department shall adopt regulations to carry out the provisions of this article and shall promulgate rules respecting the determination of tariff costs and the tariff credit for investing companies and transferee taxpayers and appropriate accounting for any tariff credit transferred to a transferee taxpayer. The department may be entitled to a fee of up to five percent of the face value of the tariff credit for maintaining the accounting of each tariff credit transferred to a transferee taxpayer, such fee to be paid by the transferee taxpayer. The department, in its sole discretion, may waive some or all of such fee for good cause shown. The department may audit any investing company periodically to monitor compliance by the investing company with this article.

(Act 2011-648, p. 1651, §9.)