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.
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