1. If the tax imposed by sections 287.690, 287.710, and 287.715 are not paid when due, the taxpayer shall be required to pay, as part of such tax,
interest thereon at the rate of one and one-half percent per month for each month
or fraction thereof delinquent. In the event the state prevails in any dispute concerning an assessment of tax which
has not been paid by the taxpayer, interest shall be paid upon the amount found due
to the state at the rate of one and one-half percent per month for each month or fraction
2. In any legal contest concerning the amount of tax under sections 287.690, 287.710 and 287.715 for a calendar year, the quarterly installments for the following year shall continue
to be made based upon the amount assessed by the director of revenue for the year
in question. If after the end of any taxable year, the amount of the actual tax due is less than
the total amount of the installments actually paid, the amount by which the amount
paid exceeds the amount due shall at the election of the taxpayer be refunded or credited
against the tax for the following year and in the event of a credit, deducted from
the quarterly installment otherwise due on June first.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.