701—52.11 (422) Refunds and overpayments.
	 52.11(1) to 52.11(6) Reserved.
	 52.11(7) Computation of interest on refunds resulting from net operating losses or net capital losses for tax years or periods beginning on or after January 1, 1974. Rescinded IAB 11/24/04, effective 12/29/04.
	 52.11(8) Computation of interest on refunds resulting from net operating losses or net capital losses for tax years or periods beginning on or after January 1, 1974, and ending on or after July 1, 1980. Rescinded IAB 11/24/04, effective 12/29/04.
	 52.11(9) Computation of interest on refunds resulting from net operating losses or net capital losses for tax years ending on or after April 30, 1981. Rescinded IAB 11/24/04, effective 12/29/04.
	 52.11(10) For refund claims received by the department after June 11, 1984. If the amount of tax is reduced as a result of a net operating loss or net capital loss, interest shall accrue on the refund resulting from the loss carryback beginning on the date a claim for refund or amended return carrying back the net operating loss or net capital loss is filed with the department or the first day of the second calendar month following the actual payment date, whichever is later.
	 52.11(11) Overpayment—interest accruing before July 1, 1980. Rescinded IAB 11/24/04, effective 12/29/04.
	 52.11(12) Interest commencing on or after January 1, 1982. See rule 701—10.2(421) regarding the rate of interest charged by the department on delinquent taxes and the rate paid by the department on refunds commencing on or after January 1, 1982.
	 52.11(13) Overpayment—interest accruing on or after July 1, 1980, and before April 30, 1981. Rescinded IAB 11/24/04, effective 12/29/04.
	 52.11(14) Overpayment—interest accruing on overpayments resulting from returns due on or after April 30, 1981. If the amount of tax determined to be due by the department is less than the amount paid, the excess to be refunded will accrue interest from the first day of the second calendar month following the date of payment or the date the return was due to be filed or was filed, whichever is the later.
This rule is intended to implement Iowa Code section 422.25.