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MO SB1377

Bill

Official Source

Status

Introduced

1/7/2026

Primary Sponsor

Curtis Trent

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Amends Section 143.621, RSMo to create a new refund right for taxpayers who paid tax deficiencies later determined to be erroneous
  • Taxpayers entitled to refunds for erroneous deficiencies plus any interest, additions to tax, and penalties they paid, regardless of whether they filed a timely protest with the director of revenue
  • Current law allows a notice of deficiency to become final assessment after 60 days (150 days for taxpayers outside the U.S.) unless the taxpayer files a protest
  • Refunds for erroneous deficiencies would be processed under existing refund procedures in sections 143.781 to 143.841

Legislative Description

Modifies provisions relating to erroneous tax deficiencies

Last Action

Second Read and Referred S Economic and Workforce Development Committee

1/27/2026

Committee Referrals

Economic and Workforce Development1/27/2026

Full Bill Text

No bill text available