National Brands Tire Co. v. Department of Revenue

SCHWARTZ, Judge.

The taxpayer appeals from a declaratory judgment interpreting Section 212.17(3), Florida Statutes (1967),1 as it applied to stipulated facts. We affirm.

At the time of the events, involved in this case,2 the statute provided:

A dealer who has paid the tax imposed by this chapter on tangible personal property may take credit in any return filed under the provisions of this chapter for the tax paid by him on the unpaid balance due on accounts which during the period covered by the current return have been found to be worthless and are actually charged off for federal income tax…