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Chapter 270C
Section 270C.405
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This is an historical version of this statute chapter. Also view the most recent published version.
270C.405 INTEREST ON REFUNDS.
When any tax payable to the commissioner or to the department is overpaid and an amount is
due the taxpayer as a refund of the overpayment, the overpayment shall bear interest from the date
of payment of the tax until the date the refund is paid or credit is made, unless another period
for computing interest is provided by law. The interest rate per annum on overpayments shall be
the interest rate contained in section 270C.40, subdivision 5; the rate shall be adjusted annually
and become effective as provided in section 270C.40, subdivision 5. The determination of the
commissioner pursuant to this section is not a "rule" and is not subject to the Administrative
Procedure Act contained in chapter 14.
History: 2005 c 151 art 1 s 48
When any tax payable to the commissioner or to the department is overpaid and an amount is
due the taxpayer as a refund of the overpayment, the overpayment shall bear interest from the date
of payment of the tax until the date the refund is paid or credit is made, unless another period
for computing interest is provided by law. The interest rate per annum on overpayments shall be
the interest rate contained in section 270C.40, subdivision 5; the rate shall be adjusted annually
and become effective as provided in section 270C.40, subdivision 5. The determination of the
commissioner pursuant to this section is not a "rule" and is not subject to the Administrative
Procedure Act contained in chapter 14.
History: 2005 c 151 art 1 s 48
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Revisor of Statutes