State Codes and Statutes
Statutes > North-carolina > Chapter_105 > GS_105-449_110§ 105‑449.110. Reviewof refund application and payment of refund.
(a) Decision. Upondetermining that an application for refund is correct, the Secretary must issuethe applicant a warrant upon the State Treasurer for the amount of the refund.If the Secretary determines that an application for refund is incorrect, theSecretary must send a written notice of the determination to the applicant. Thenotice must advise the applicant that the applicant may request a hearing onthe matter in accordance with Article 9 of this Chapter.
(b) Interest. Therate 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 ofthe following:
(1) The date theapplication for refund was filed.
(2) The date theapplication for refund was due. (1995, c. 390, s. 3; 1998‑98, s. 30; 2007‑491,s. 44(1)a.)
