Errors; failure to remit correct amount.

If a corporation remits an amount that exceeds the tax due, after error corrections, but that is less than the total of the tax due, after error corrections, and the amount that is designated by the corporation on the return for the endangered resources program, the department shall reduce the designation for the endangered resources program to reflect the amount remitted that exceeds the tax due, after error corrections.

The designation for the endangered resources program is void if the corporation remits an amount equal to or less than the tax due, after error corrections.