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BTLG Table of Contents > Sales and Use Tax Annotations > R > 465.0000 Remedies of Taxpayers > Annotation 465.0077

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R

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465.0000 Remedies of Taxpayers

Annotation 465.0077

(b) Refund

(1) Generally

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465.0077 Section 6902.2 Refund. Shareholders of an S-Corporation may not claim a section 6902.2 refund where the S-Corporation claims the Manufacturer's Investment Credit (MIC) and then "passes through" the MIC to its shareholders. Section 6902.2 only authorizes a refund to a person that has paid sales tax reimbursement to a retailer or use tax on a purchase of property for which MIC credit may be allowed. Where an S-Corporation (and not the shareholders) purchases and pays tax on tangible personal property, the section 6902.2 refund is only available to the S-Corporation and not the shareholders since the shareholders would not have paid tax on the S-Corporation's purchases. 1/18/96.