12 CSR 10-4.265

Mo. Code Regs. Ann. tit. 12, § 10-4.265

Refund Rather Than Credit

Effective Nov 7, 1975section 144.705, RSMo (1994).* U.T. regulation 695-3 originally filed Oct. 28, 1975, effective Nov. 7, 1975. Refiled March 30, 1976Director of Revenue

Viewing an earlier version · effective Nov 7, 1975View current

PURPOSE: This rule indicates when a refund will be made rather than a credit and interprets and applies section 144.695, RSMo.

(1) A refund is made rather than a credit only when the approved amount cannot be taken as a credit on the next return filed with the director of revenue by the taxpayer.

AUTHORITY: section 144.705, RSMo (1994).* U.T. regulation 695-3 originally filed Oct. 28, 1975, effective Nov. 7, 1975. Refiled March 30, 1976.

*Original authority 1959.