Refunds and penalties as set-off to obligation

Sec. 12. Refunds or penalties to which the debtor is entitled pursuant to sections 8 through 11 of this chapter may be set off against the debtor's obligation, and may be raised as a defense to a suit on the obligation without regard to the time limitations prescribed by sections 8 through 11 of this chapter. [Pre-2026 Revision Citation: 24-4.5-5-205.] As added by P.L.115-2026, SEC.97.