Section 46 Interest

• Library: Tax Law 2009

Before 2003, the rate of interest charged on Missouri corporation income tax deficiencies was the same rate paid on refunds and overpayments. This changed on January 1, 2003, when § 32.068, RSMo Supp. 2007, went into effect. Since that time, the rate of interest paid on refunds and overpayments has been based on returns actually earned by the state on its investments. The rate charged on...