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Focus on State & Local Taxation: Missouri Extends Statute of Limitations on Sales and Use Tax Refunds

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On July 11, 2019, Governor Parson signed Senate Bill 87, which extends the statute of limitations for sales and use tax refunds.
July 19, 2019

On July 11, 2019, Governor Parson signed Senate Bill 87, which extends the statute of limitations for sales and use tax refunds.

Missouri allows taxpayers to receive a refund for any sales and/or use tax, penalty and interest that has been paid more than once or has been erroneously collected or computed. The claim for refund, before the signing of this legislation, had to be filed within three years from the date of the overpayment. Senate Bill 87 modifies the law to permit Missouri taxpayers up to ten years to file a refund claim. Our experience shows that most taxpayers miss available exemptions in Missouri, resulting in overpayments of sales and use taxes. The ability to look back ten years for refund opportunities could result in significant savings for Missouri taxpayers.

RubinBrown State and Local Tax (SALT) professionals can help answer your questions or evaluate the impact that this may have on you or your business. Please contact one of the SALT professionals or your primary RubinBrown contact for assistance. 

 

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