State Up to Two Months Behind in Tax Refunds
By Associated Press
Montgomery, AL – Alabama taxpayers expecting refunds may have to wait up to two months before getting a check this year.
State Revenue Commissioner Tim Russell says the state is taking six to eight weeks to return refunds to taxpayers. Alabama has so far paid $275 million in refunds this fiscal year. In fiscal year 2008, the department refunded $518 million.
Russell says a reason for the delay is a slowing cash flow due to the economic downturn.
He says he hopes the pace picks up soon. The department is required to pay interest starting July 16.