Tax filing; Tax Commissioner; powers and duties; failure to file; penalty
(1) Within thirty days after a transfer tax return or the federal determination is filed pursuant to section 77-2113 , whichever is later, the Tax Commissioner shall examine it to determine the correct amount of tax.
(a)If the Tax Commissioner finds that the amount of tax on…#
(a) If the Tax Commissioner finds that the amount of tax on the return is less than the correct amount, he or she shall notify the person required to file a transfer tax return of the amount of the deficiency proposed to be assessed. The pertinent provisions of section 77-2709 shall be applicable in the assessment of such proposed deficiencies.
(b)If the Tax Commissioner finds that the tax paid is more…#
(b) If the Tax Commissioner finds that the tax paid is more than the correct amount, he or she shall notify the person required to file a transfer tax return of the amount and refund the difference to the person who paid the tax.