2010 North Carolina Code
Chapter 105 Taxation.
Article 36C - Gasoline, Diesel, and Blends.
105-449.110. Review of refund application and payment of refund.
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 a written notice of the determination to the applicant. The notice must advise the applicant that the applicant may request a hearing on the matter in accordance with Article 9 of this Chapter.
(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.)
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