Mo. Code Regs. tit. 12 § 10-41.010
PURPOSE: This emergency amendment establishes the annual adjusted rate of interest to be implemented and applied on taxes remaining unpaid during calendar year 2024.
PURPOSE: Under the Annual Adjusted Rate of Interest (section 32.065, RSMo), this rule establishes the annual adjusted rate of interest to be implemented and applied on taxes remaining unpaid.
EMERGENCY STATEMENT: The director of revenue is mandated to establish not later than October 22 annual adjusted rate of interest based upon the adjusted prime rate charged by banks during September of that year as set by the Board of Governors of the Federal Reserve rounded to the nearest full percent. This emergency amendment is necessary to ensure public awareness and to preserve a compelling governmental interest requiring an early effective date in that the amendment informs the public of the established rate of interest to be paid on unpaid amounts of taxes for the 2024 calendar year. A proposed amendment, that covers the same material, is published in this issue of the Missouri Register. The director has limited the scope of the emergency amendment to the circumstances creating the emergency. The director has followed procedures calculated to assure fairness to all interested persons and parties and has complied with protections extended by the Missouri and United States Constitutions. Emergency amendment filed November 14, 2023, effective January 1, 2024, expires June 28, 2024.
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% |
12 CSR 10-41.010