15-64-110. Refunds -- interest -- limitations. (1) A claim for a refund or credit as a result of overpayment of taxes collected under this part must be filed within 5 years of the date that the return was due, without regard to any extension of time for filing.
(2) (a) Interest paid by the department on an overpayment must be paid or credited at the same rate as the rate charged on delinquent taxes under 15-1-216.
(b) Except as provided in subsection (2)(c), interest must be paid from the date that the return was due or the date of overpayment, whichever is later. Interest does not accrue during any period in which the processing of a claim is delayed more than 30 days because the taxpayer has not furnished necessary information.
(c) The department is not required to pay interest if:
(i) the overpayment is refunded or credited within 6 months of the date that a claim was filed; or
(ii) the amount of overpayment and interest does not exceed $1.
History: En. Sec. 24, Ch. 408, L. 2017.
Structure Montana Code Annotated
Chapter 64. Taxation of Drugs and Drug Licensing
15-64-102. Tax on marijuana sales
15-64-103. Returns -- payment -- recordkeeping -- authority of department
15-64-104. Deficiency assessment -- penalty and interest -- statute of limitations
15-64-106. Authority to collect delinquent taxes
15-64-107. through 15-64-109 reserved
15-64-110. Refunds -- interest -- limitations
15-64-111. Information -- confidentiality -- agreements with another state