220.1105 – Tax imposed; automatic refunds and downward adjustments to tax rates.
220.1105 Tax imposed; automatic refunds and downward adjustments to tax rates.— (1) As used in this section, the term: (a) “Net collections” for a fiscal year means the total amount of taxes collected under this chapter by the department in a state fiscal year, including related interest and penalties, minus the total amount of refunds of taxes levied […]