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MO HB1514

Bill

Official Source

Status

Introduced

1/6/2010

Primary Sponsor

Jason Smith

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Changes the refund period for overpayments of income tax from four months to 45 days after the last filing date (or extension) or when the return was filed, whichever is later
  • Interest shall not be allowed on overpayments refunded within the 45-day period
  • Interest on overpayments is paid at the rate determined by section 32.065, RSMo, except at 6% per annum when resulting from an amended return filed after the deadline
  • Interest of less than one dollar shall not be allowed or paid
  • No interest is allowed on overpayments from deposits made pursuant to section 143.631 if refunded within 45 days

Legislative Description

Changes the time period before interest is paid on an overpayment of income tax from four months to 45 days after the last date to file a return, including an extension, or the date the return was filed

Last Action

HCS Reported Do Pass (H)

2/18/2010

Committee Referrals

Tax Reform1/21/2010

Full Bill Text

No bill text available