NC S566

Allows governing bodies of taxing units that collect their own taxes to adopt a resolution directing the unit not to mail refunds for overpayments of less than $15.00.

Requires taxing units to maintain records of minimal refunds by receipt number and amount, report them to the governing body during settlement, and allow in-person payment requests.

Requires minimal refunds not claimed in person by the end of the fiscal year to be applied as a credit against the taxpayer's tax liability for the following year.

Establishes that overpayments bear interest at the rate under G.S. 105-241.21 from the date the tax was paid until the refund is paid or credited.

Requires any resolution adopting these provisions to be adopted on or before June 15 preceding the first taxable year to which it applies and remains in effect until amended or repealed.