Interest on refund

Official textoscn.netlast amended Nov 01, 1998

If a refund is not issued within twenty (20) days of the filing required by this act, the Commission shall pay interest at the rate of six percent (6%) per annum from the date of filing of the claim for refund until the date on which the refund is made.

Amendment history

Added by Laws 1996, c. 345, § 17, eff. Oct. 1, 1996. Amended by Laws 1998, c. 254, § 1, eff. Nov. 1, 1998.

Source: view the official text

Nearby sections (25 sections)

500.6a · Distribution of tax revenue
500.7 · Apportionment of diesel fuel tax
500.8 · Measurement of tax on importer gallons and supplier gallons
500.9 · Taxation of motor fuels held in inventory on date of increase…
500.10 · Exemptions from motor fuels tax
500.10-1 · Ethanol credit – Refund claims process
500.11 · Perfecting exemption for exports
500.12 · Regulations for exempt use of kerosene
500.13 · Procedures for tax exempt sales of motor fuel to governmental…
500.14 · Perfection of certain exemptions by refund claim
500.15 · Perfecting exemptions for suppliers, tank wagon importers and…
500.16 · Procedures for claiming refund - Investigations - Credit in…
500.17 · Interest on refund
500.18 · Payment of tax by licensed occasional importers and licensed…
500.19 · Election regarding fuel removals from out-of-state terminals
500.20 · Precollection and remittance of tax by suppliers
500.21 · Joint and several liability of termianl operators - Remittance…
500.22 · Election by eligible purchasers to defer motor fuel tax…
500.23 · Election to defer motor fuel tax remittances - Rescission of…
500.24 · Suppliers' entitlement to credit for uncollectible taxes
500.25 · Remittance of motor fuel taxes by licensed tank wagon…
500.26 · Remittance by electronic funds transfer required
500.27 · Retainage of 0.1% of tax for administrative costs
500.28 · Collection of tax - Liability wholesaler, retailer, end-user,…
500.29 · Diversions of motor fuel - Payment of tax

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