Department of Taxation and Finance
Corporation Tax Refund Processing
Before State taxes can be refunded to corporations, the Office of the State
Comptroller must approve the payments. During the year ended March 31, 1995, we
prevented the payment of nearly $3.7 million in incorrect tax refunds. We also prevented an
additional $2.4 million in incorrect tax refunds; these refunds were identified by us as
possibly incorrect in prior years and were determined to be incorrect by the Department
during the year ended March 31, 1995. Included in this amount was more than $1.8 million
that would have been paid to a single taxpayer. We also identified $852,000 in additional
refunds that were due to taxpayers.
For a complete copy of Report 95-D-32 click here.
For a copy of the 90-day response click here.