Refunds will only be made when all tax liability, including audit assessments; have been paid to all member jurisdictions.
If the total tax payment by a licensee as a result of tax paid purchases exceeds the total tax due in any one period, the net credit will be carried over to cover future tax liability, or it may be refunded upon request, if amount exceeds $9.99.
If a licensee requests a refund of a credit balance from Tennessee, it will be paid within 90 days after the request is received. All requests for refund of credit balances must be filed in writing.
Credits, when not refunded, will be carried over to offset liabilities of the licensee in future tax reporting periods until the credit is fully offset; or eight calendar quarters must pass from the end of the calendar quarter in which the credit accrued, whichever happens sooner.