Florida Moves to Unwind Court Ruling for Interest on Tax Refunds

A bill gaining momentum in the Florida legislature would dismantle a state appeals court’s ruling that saddled the Department of Revenue with paying interest on successful tax refund claims against the state.

The state Senate Appropriations Committee voted 12-5 Monday to approve SB 7046, which includes a measure reversing the precedent established in SEI Fuel Services Inc. v. DOR. In that case, the District Court of Appeal for the First District of Florida ruled last October that SEI Fuel Services, 7-Eleven Inc.'s fuel subsidiary, had made a valid refund claim and was automatically entitled to interest on its $3.18 ...