NC S1366

Requires the North Carolina Secretary of Revenue to pay an additional amount equal to 10% of delayed income tax refunds (minimum $5.00) in addition to existing interest payments.

Additional payment is triggered if a refund is not paid within 45 days after the latest of: (1) the date the final return was filed, (2) the date the final return was due to be filed, or (3) the date of the overpayment as determined under federal tax code sections 6611(d), (f), (g), and (h).

The additional payment requirement applies to tax years beginning on or after January 1, 2009.