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MO HCR60
Concurrent Resolution
Status
Introduced
2/11/2010
Primary Sponsor
Dan Brown
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AI Summary
- Directs the Governor to instruct the Department of Revenue to pay interest on taxpayer refunds not paid within 45 days after receipt of a tax return
- Addresses state revenue shortfalls that have caused delays in income tax refunds to Missouri taxpayers
- Notes that Missouri borrowed $325 million from its budget reserve fund in 2009 and delayed tax refunds until June 30, 2009 to maintain cash flow
- States that tax refund moneys belong to individual taxpayers, not the state, and should not be used as interest-free loans due to state cash-flow concerns
- Instructs the Chief Clerk of the Missouri House of Representatives to prepare and send a copy of the resolution to Governor Jay Nixon
Legislative Description
Directs the Governor to instruct the Department of Revenue pay interest on any taxpayer refund that is not paid out within 45 days after receipt of a tax return
Last Action
Referred: Tax Reform (H)
5/14/2010
Committee Referrals
Tax Reform5/14/2010
Full Bill Text
No bill text available