§ 105-449.110. Review of refund application and payment of refund.
162 words·~1 min read·
/nc/chapter-105/105-449-110A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 105-449.110. Review of refund application and payment of refund.
(a)Decision. - Upon determining that an application for refund is correct, the Secretary must issue the applicant a warrant upon the State Treasurer for the amount of the refund. If the Secretary determines that an application for refund is incorrect, the Secretary must send the applicant a proposed denial of the request for a refund. The provisions of Article 9 of this Chapter apply to the procedure for requesting a review of proposed denial of a refund sought under this Article.
(b)Interest. - The rate of interest payable on a refund is the rate set in G.S. 105-241.21. Interest accrues on a refund from the date that is 90 days after the later of the following:
(1)The date the application for refund was filed.
(2)The date the application for refund was due. (1995, c. 390, s. 3; 1998-98, s. 30; 2007-491, s. 44(1)a; 2017-204, s. 4.5( l ).)