2005 Idaho Code - 63-3073 — INTEREST ON REFUNDS AND CREDITS

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 30
                                  INCOME TAX
    63-3073.  INTEREST ON REFUNDS AND CREDITS. Upon the allowance of a credit
or refund of any tax erroneously or illegally assessed or collected, or of any
penalty collected without authority, or of any sum which was excessive or in
any manner wrongfully collected, interest shall be allowed and paid on the
amount of such credit or refund at the rate provided in section 63-3045, Idaho
Code, from the date such tax, penalty, or sum was paid or from the date the
return was required to be filed, whichever date is the later, to the date of
the allowance of the refund, or in the case of a credit, to the due date of
the amount against which the credit is taken; provided, however, that in case
of a voluntary and unrequested payment in excess of actual tax liability, no
interest shall be allowed when such excess is refunded or credited.
    Interest on refunds resulting from net operating loss carryback claims or
from capital loss carryback claims shall be computed from the last day of the
taxable year in which the net operating loss or capital loss arises.