The N.C. Department of Revenue has issued nearly $1.8 billion in tax refunds.
The state was holding onto refunds because of cash flow problems. But the department is catching up, according to a news release. The department has paid 99 percent of taxpayers who filed electronically and 79 percent who filed paper returns. That accounts for 2.4 million tax refunds. About 312,000 refunds worth about $222 million still need to be paid.
Any refunds not paid by May 30 will accrue interest.
"Everyone who is due a refund will receive a refund as quickly as possible," N.C. Revenue Secretary Kenneth Lay said in a statement.
Comments
2009 Tax return.
June 1, 2010 - 2:37pm — have5kidsI am so frustrated, where is our tax return? It is now past May 30th and I guess it is accruing interest. We've not heard one way or another after sending all our paperwork, into them within their set limited 30 days (calendar). It is so annoying, my husband and I have been married nearly 18 years and have had our kids in 5 different areas because of job changes in his field. We've never had an audit based on the number of children we have. No matter what they say, I believe they were buying time in order to pay us. It has been way too long.