Section 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.N.C. Gen. Stat. § 105-449.110
Amended by 2017 N.C. Sess. Laws 204,s. 4.5-l, eff. 8/11/2017. Amended by 2007 N.C. Sess. Laws 491,s. 44, eff. 1/1/2008. 1995, c. 390, s. 3; 1998-98, s. 30.