Mo. Code Regs. tit. 12 § 10-41.010
Current through Register Vol. 49, No. 21, November 1, 2024.
Section 12 CSR 10-41.010 - Annual Adjusted Rate of InterestPURPOSE: This proposed amendment establishes the annual adjusted rate of interest to be implemented and applied on taxes remaining unpaid during calendar year 2024.
(1) Pursuant to section 32.065, RSMo, the Director of Revenue upon official notice of the average predominant prime rate quoted by commercial banks to large businesses, as determined and reported by the Board of Governors of the Federal Reserve System in the Federal Reserve Statistical Release H.15(519) for the month of September of each year, has set by administrative order the annual adjusted rate of interest to be paid on unpaid amounts of taxes during the succeeding calendar year as follows: Calendar Year | Rate of Interest on Unpaid Amounts of Taxes |
1995 | 12% |
1996 | 9% |
1997 | 8% |
1998 | 9% |
1999 | 8% |
2000 | 8% |
2001 | 10% |
2002 | 6% |
2003 | 5% |
2004 | 4% |
2005 | 5% |
2006 | 7% |
2007 | 8% |
2008 | 8% |
2009 | 5% |
2010 | 3% |
2011 | 3% |
2012 | 3% |
2013 | 3% |
2014 | 3% |
2015 | 3% |
2016 | 3% |
2017 | 4% |
2018 | 4% |
2019 | 5% |
2020 | 5% |
2021 | 3% |
2022 | 3% |
2023 | 6% |
2024 | 9% |
Adopted by Missouri Register December 1, 2022/Volume 47, Number 23, effective 1/1/2023Amended by Missouri Register April 3, 2023/Volume 48, Number 7, effective 5/31/2023Amended by Missouri Register December 15, 2023/volume 48, Number 24, effective 1/1/2024, exp. 6/28/2024 (Emergency).Amended by Missouri Register April 15, 2024/volume 49, Number 08, effective 5/31/2024.