- Associated Press - Saturday, March 19, 2016

COLUMBIA, S.C. (AP) - The South Carolina Department of Revenue wants to stop sending interest collected on delayed tax refunds to some state agencies.

Agency director Rick Reames told The State newspaper (https://bit.ly/1PiNkdp ) that it isn’t fair to charge taxpayers interest on late payments, but withhold that money when paying out a delayed refund.

Reames says the interest payments worth about $14 million in the past three years have mostly been given to the guardian ad litem program, which provides lawyers as advocates for children and to the Department of Juvenile Justice.

The state isn’t required to pay interest on refunds given within 75 days of filing. Reames says interest is usually paid when a business or person amends a previous year’s tax return.


Information from: The State, https://www.thestate.com

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