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.