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Alabama May Have to Pay Interest on Tax Refunds
Montgomery, AL – (AP) - Alabama and Georgia are scrambling to
get tax refunds issued before they have to pay interest on them.
Both states have laws requiring them to pay interest to
taxpayers who filed by the April 15 deadline but don't get their
refunds within 90 days. That deadline is Wednesday.
A spokesman for the Georgia Department of Revenue says it
appears some interest may have to be paid. But Alabama Revenue
Commissioner Tim Russell says his department is rushing to get all
refunds issued by Wednesday and avoid interest.
(Copyright 2009 by The Associated Press. All Rights Reserved.)