(1) Interest shall be allowed and paid in accordance with the provisions of s. 220.807 upon any overpayment of a tax imposed by this chapter. However, if any overpayment is refunded or credited within 3 months after the date upon which the taxpayer files written notice advising the department of such overpayment, no interest shall be allowed on such overpayment.
(2) Interest shall accrue from the date upon which the taxpayer files a written notice advising the department of the overpayment. Interest shall be paid until such date as determined by the department, which shall be no more than 7 days prior to the date of the issuance by the Chief Financial Officer of the refund warrant.
(3) For purposes of this section, no amount of tax for any taxable year shall be treated as having been paid before the date on which the tax return for such year was due under applicable law or the date the payment was actually made, whichever is later.
History.—s. 19, ch. 71-359; s. 1, ch. 86-121; s. 13, ch. 87-102; s. 53, ch. 91-112; s. 260, ch. 2003-261.
Note.—Former s. 214.14.
Structure Florida Statutes
Title XIV - Taxation and Finance
Part VIII - Administrative Procedures and Judicial Review (Ss. 220.701-220.739)
220.701 - Collection authority.
220.705 - Limitation on assessment.
220.709 - Deficiency determinations.
220.711 - Notice of deficiency.
220.713 - Assessment after notice.
220.715 - Waiver of restrictions on assessment.
220.717 - Protest of proposed assessment.
220.719 - Jeopardy assessments.
220.721 - Overpayments; credits.
220.723 - Overpayments; interest.
220.725 - Overpayments; refunds.
220.727 - Limitations on claims for refund.
220.733 - Actions to recover taxes.
220.735 - Production of witnesses and records.