Digital Media Center
Bryant-Denny Stadium, Gate 61
920 Paul Bryant Drive
Tuscaloosa, AL 35487-0370
(800) 654-4262

© 2024 Alabama Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Taxpayers Still Waiting for State Refunds

By Associated Press

Mobile, AL – The state of Alabama says it still owes taxpayers more than $10 million in refunds from last year.

But Revenue Commissioner Tim Russell says taxpayers still waiting for refunds make up less than 1 percent of the total.

The Mobile Press-Register reports Russell says state income tax revenue fell 8 percent in the year that ended Sept. 30. And he says many people wrote off investment losses on the returns they filed last year, causing refunds to increase by 30 percent.

Gov. Bob Riley's administration used rainy-day funds to pay some refunds before mid-July, when Alabama would have had to start paying 4 percent annual interest on refunds from returns filed by April 15. The state owed $51 million to 50,000 taxpayers at the end of September.

News from Alabama Public Radio is a public service in association with the University of Alabama. We depend on your help to keep our programming on the air and online. Please consider supporting the news you rely on with a donation today. Every contribution, no matter the size, propels our vital coverage. Thank you.