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v3.24.3

INCOME TAXES | 9 Months Ended
--- | ---
Sep. 30, 2024
INCOME TAXES |
INCOME TAXES | NOTE 14: INCOME TAXES Reconciliations of the Company’s effective tax rates to the statutory corporate tax rates were as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended September 30, |
​ | ​ | 2024 | ​ | 2023 |
Tax at statutory rate |  | 21.0 | % | 21.0 | %
Nontaxable interest and dividends |  | (0.4) | ​ | (0.5) | ​
Tax credits |  | (4.1) | ​ | (2.8) | ​
State taxes |  | 1.3 | ​ | 2.5 | ​
Other |  | 0.2 | ​ | 1.3 | ​
​ |  | 18.0 | % | 21.5 | %
​
​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine Months Ended September 30, |
​ | ​ | 2024 | ​ | 2023 |
Tax at statutory rate | ​ | 21.0 | % | 21.0 | %
Nontaxable interest and dividends |  | (0.5) | ​ | (0.5) | ​
Tax credits |  | (4.3) | ​ | (2.5) | ​
State taxes |  | 1.8 | ​ | 1.9 | ​
Other |  | 0.5 | ​ | 0.9 | ​
​ |  | 18.5 | % | 20.8 | %
​ The Company and its consolidated subsidiaries have not been audited recently by the Internal Revenue Service (IRS). As a result, federal tax years through December 31, 2019 are now closed. In addition, there are no pending audits by any state jurisdiction at September 30, 2024. ​ The Company was previously under State of Missouri income and franchise tax examinations for its 2014 and 2015 tax years. The examinations concluded with one unresolved issue related to the exclusion of certain income in the calculation of Missouri income tax. The Missouri Department of Revenue denied the Company’s administrative protest regarding the 2014 and 2015 tax years’ examinations. In June 2021, the Company filed a formal protest with the Missouri Administrative Hearing Commission (MAHC), which has special jurisdiction to hear tax matters and is similar to a trial court, to continue defending the Company’s rights and associated tax position. The Company previously filed a motion for summary decision with the MAHC and, on January 26, 2024, the MAHC granted the motion in favor of the Company, upholding the Company’s position related to the exclusion of certain income from the calculation of Missouri income tax. In February 2024, the Missouri Department of Revenue confirmed to the Company in writing that it would not exercise its right to appeal the decision to the Missouri State Supreme Court.

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