Mo. reissues lost $1M check for tax refund
Monday, March 26, 2012
JEFFERSON CITY, Mo. (AP) — The Missouri treasurer’s office has reissued a $1 million tax refund check that was never cashed.
Treasurer Clint Zweifel (ZWY’-ful) says the refund was destined for a company doing business in Missouri. But the original check was lost because the company’s address had changed.
Zweifel’s office says it’s barred by law from naming the company.
Checks issued by state government become void if they are not cashed within one year. Zweifel says more than 600 expired checks worth more than $2 million have been replaced in the current budget year.
State checks that are not reissued or cashed within three years become unclaimed property. The funds never revert to state government.
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