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 Nov. 4, 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.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Vintage Ferrari Owners’ Favorite Mechanic Charged With Theft, Fraud 
California Sees Two More Property Insurers Withdraw From Market 
Allstate Reports $731M in Q1 Pretax Catastrophe Losses 
JPMorgan Client Who Lost $50 Million Fortune Faces Court Setback 
