$5.7 million tax refund for insurance companies denied

Tuesday, November 4, 2008 | 7:47 p.m. CST
BY The Associated Press

JEFFERSON CITY - Missouri does not have to refund more than $5.7 million in taxes paid by eight insurance companies because the firms' request to get their money back didn't arrive on time.

The out-of-state insurance companies each requested refunds from taxes paid in 2004 on premiums collected in Missouri. The deadline for seeking their tax refund fell on a Saturday. The insurance companies' Express Mail request could not be delivered until the following Monday, so the Revenue Department rejected it.

The Missouri Supreme Court upheld that decision Tuesday, in a 7-0 ruling. The high court ruled that no provision allows for an extension in such circumstances if the deadline falls on a Saturday.

 

 

»Contact an editor with corrections or additional information

Comments

Leave a comment

Speak up and join the conversation! You can comment below. (Click here to register.) Please be civil and refrain from profanities and name-calling; in other words, don't say anything you wouldn't otherwise say in public. If you see something objectionable, please tell us which comment and why it should be removed. When you post, please use your actual name. Read the full comment policy here.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.

advertisements
Holiday Subscription Offer 300x250
T-Shirt Ad 300x250
License Plate Look Out 300x250