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MO SB292
Bill
AI Summary
- Repeals and reenacts section 287.745, RSMo, relating to workers' compensation tax interest and overpayment procedures
- Maintains interest rate of one and one-half percent per month on delinquent workers' compensation taxes imposed under sections 287.690, 287.710, and 287.715
- When a taxpayer overpays their annual workers' compensation tax, the overpayment amount shall be refunded or credited against the following year's tax at the taxpayer's election
- If taxpayer elects to credit an overpayment, the credit is deducted from the quarterly installment otherwise due on June first
- Quarterly installments for the following year continue to be based on the director of revenue's assessment during any legal dispute over the previous year's tax amount
Legislative Description
Allows for a refund for workers' compensation tax overpayments
Last Action
S Informal Calendar S Bills for Perfection--SB 292-Rupp
5/17/2013
Committee Referrals
Small Business, Insurance And Industry2/20/2013
Full Bill Text
No bill text available