Missouri Code of State Regulations
Title 12 - DEPARTMENT OF REVENUE
Division 10 - Director of Revenue
Chapter 10 - Financial Institutions
Section 12 CSR 10-10.120 - Delinquent Interest Rate for Insurance Premium and Retaliatory Taxes
Current through Register Vol. 49, No. 18, September 16, 2024
PURPOSE: This amendment reflects the repeal of section 148.461.1, RSMo, pertaining to the calculation of the interest rate applicable to delinquent insurance premium and retaliatory taxes and clarifies the application of the interest rate imposed in section 148.375, RSMo.
(1) The delinquent interest computations for all quarterly payments which are due under sections 148.310-148.461, RSMo will be calculated at a rate determined by section 32.065, RSMo as provided by section 148.375, RSMo and set out in 12 CSR 10-41.010. The delinquent rate will be computed for each month the payment is late, or fraction of a month, until the time the tax liability is paid in full.
(2) Claims for refunds must be filed within two (2) years from the date of payment in accordance with section 136.035, RSMo (refund statute) on forms prescribed by the director of revenue.
*Original authority: 136.120, RSMo 1945.
