State: Refunds sent to N.C. taxpayers who filed on time
Posted July 1, 2010 9:56 a.m. EDT
Updated July 1, 2010 10:31 a.m. EDT
Raleigh, N.C. — A state Department of Revenue spokesman said Thursday that income tax refunds – along with interest – have been sent to all North Carolinians who filed their 2009 returns on time.
Spokesman Thomas Beam said the state paid nearly $1.3 million in interest on refunds that weren't sent by a May 31 deadline. State law stipulates that after that date, North Carolina must pay 5 percent interest on unissued refunds.
The DOR struggled to issue refunds amid limited cash flow in a slowed economy, officials said.
"We apologize for any hardship the delay may have caused taxpayers," Secretary of Revenue Kenneth Lay said in a statement. "The agency had to manage the distribution of refunds and worked very diligently to release as many refunds as possible every week throughout tax season."
Since January, DOR has issued more than 2.8 million refunds totaling more than $2.1 billion.
Beam said that people who filed their taxes after the April 15 deadline might still be waiting on their refunds.