§40-18-79. Overpayment of tax; credit or refund available.

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Where there has been an overpayment of any tax imposed under Section 40-18-71 or 40-18-82, the amount of such overpayment may, if a petition for refund is timely filed or the department otherwise allows an automatic refund within that period, be credited against any income tax or installment thereof then due from the taxpayer, and any balance shall be refunded to the taxpayer.

(Acts 1955, No. 289, p. 661, §10; Acts 1957, No. 393, p. 539; Acts 1992, No. 92-186, p. 349, §56.)

                    
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