x
Breaking News
More () »

Tax Surplus: NC Has an Abundance of Cash and Giving Some Of It Back to Taxpayers. Here's What Your Refund Could Be

Millions of North Carolina taxpayers may get back a hand-full of cash back from the state's largest surplus in over a decade.

RALEIGH, N.C. — North Carolina Republicans say they want to return to taxpayers much of the largest state government revenue surplus in over a decade. House Speaker Tim Moore and Senate leader Phil Berger say their chambers will advance a bill that would give refunds to more than 5 million taxpayers.

Refunds would range from up to $125 of the taxes that individual filers paid this year to up to $250 for couples. Most checks would be sent in mid-December.

The state collected $897 million more than anticipated in the year ending June 30. About $660 million would be sent out, if the bill becomes law.

The announcement also signaled a new method by which Republicans will address spending and taxes as they remain in a budget standoff with Democratic Gov. Roy Cooper.

Other stories to check out:

3,200 iPads purchased for NC schools have been sitting in a warehouse, some for more than a year

Get Used to Potholes. Hundreds Of NC DOT Workers To Be Laid Off

NC Teachers Asked to Return Money After Being Paid Twice

VERIFY: Education Lottery Does Fund Schools, And You Can See What Each County Gets

Greensboro City Leaders Approve Infrastructure Upgrades For Sidewalks, Sewer Improvements and More

Before You Leave, Check This Out