MO SB623

Interest on sales tax refunds is allowed only if the overpayment is not refunded within 120 days from the latest of: the tax return due date, the date filed, or the date accurate documentation is provided.

State bears exclusive liability for interest payments on refunds; the director of revenue cannot withhold remittance to cities, counties, villages, or political subdivisions for interest payments.

Refund claims for the same issue are prohibited if a refund was already received, unless supported by additional information, court decisions, or changes in departmental regulations.

Director of revenue must respond to binding letter ruling requests within 60 days or be barred from pursuing collection of the related sales or use tax assessment.

Any person claiming a sales tax refund must provide a plan to remit the refund to original taxpayers; failure to follow the plan requires repayment of the full refund plus a penalty equal to three times the refund amount.