States may hold onto tax refunds for months

[I AM NOT THAT GUY 5,715]

Residents eager to get their state tax refunds may have a long wait this year: The recession has tied up cash and caused officials in half a dozen states to consider freezing refunds, in one case for as long as five months.

States from New York to Hawaii that have been hard-hit by the economic downturn say they have either delayed refunds or are considering doing so because of budget shortfalls.

New York, hit with a $9 billion deficit, may delay $500 million in refunds to keep the state from running out of cash, says Gov. David Paterson.

Hawaii's Department of Taxation says some residents may not see state income tax refunds until the end of August, The Honolulu Advertiser reported. It was part of a plan by Gov. Linda Lingle to deal with a revenue drop-off by pushing costs into the next fiscal period, which begins in July.

California's massive budget shortfall of more than $20 billion last year prompted it not only to delay tax refunds but to issue billions of dollars in IOUs to vendors and others who were owed money. State Controller John Chiang called the delayed payments a "shameful chapter in the State's history" when the IOUs ended last September.

California still faces budget problems, but Chiang said that revenue is running ahead of projections so far this year, lessening the threat of a repeat.

"Californians should expect to receive their hard-earned tax refunds on time," Chiang said.

http://www.usatoday.com/news/nation/2010-0...ds_N.htm?csp=34

[scandal 951]

Residents eager to get their state tax refunds may have a long wait this year: The recession has tied up cash and caused officials in half a dozen states to consider freezing refunds, in one case for as long as five months.

States from New York to Hawaii that have been hard-hit by the economic downturn say they have either delayed refunds or are considering doing so because of budget shortfalls.

New York, hit with a $9 billion deficit, may delay $500 million in refunds to keep the state from running out of cash, says Gov. David Paterson.

Hawaii's Department of Taxation says some residents may not see state income tax refunds until the end of August, The Honolulu Advertiser reported. It was part of a plan by Gov. Linda Lingle to deal with a revenue drop-off by pushing costs into the next fiscal period, which begins in July.

California's massive budget shortfall of more than $20 billion last year prompted it not only to delay tax refunds but to issue billions of dollars in IOUs to vendors and others who were owed money. State Controller John Chiang called the delayed payments a "shameful chapter in the State's history" when the IOUs ended last September.

California still faces budget problems, but Chiang said that revenue is running ahead of projections so far this year, lessening the threat of a repeat.

"Californians should expect to receive their hard-earned tax refunds on time," Chiang said.

http://www.usatoday.com/news/nation/2010-0...ds_N.htm?csp=34

I've done my bit to help you out there, Bill.

I mailed my check to California FTB last week.

[spookyturtle 9,466]

I've done my bit to help you out there, Bill.

I mailed my check to California FTB last week.

I still think you should have just signed her name.

[scandal 951]

I still think you should have just signed her name.

I believe in karma. What goes around comes around. She'll get hers.

[spookyturtle 9,466]

I believe in karma. What goes around comes around. She'll get hers.

Good man. I believe in karma too.

[one...two...tree 2,762]

Good man. I believe in karma too.

I dated Karma once.

[scandal 951]

I dated Karma once.

She has VD. I hope you used a condom.

[one...two...tree 2,762]

She has VD. I hope you used a condom.

She did have a temper and was a bit on the vengeful side. I recall a rash on my elbow afterward, but I'm not sure if it was related.

[scandal 951]

She did have a temper and was a bit on the vengeful side. I recall a rash on my elbow afterward, but I'm not sure if it was related.

Did you have two twin bite marks on your neck?

She's also a vampire. You're undead now. Congratulations.

[spookyturtle 9,466]

She did have a temper and was a bit on the vengeful side. I recall a rash on my elbow afterward, but I'm not sure if it was related.

Better than a rash on your....never mind.

[one...two...tree 2,762]

Did you have two twin bite marks on your neck?

She's also a vampire. You're undead now. Congratulations.

Apparently I didn't have the right blood type, but I got to give her credit for trying to suck me dry.

[scandal 951]

Apparently I didn't have the right blood type, but I got to give her credit for trying to suck me dry.

:dance: :thumbs:

[one...two...tree 2,762]

I wanted to say, "suck the life out of me," but editing your own one liner is a known online taboo.

[Texanadian 10]

Alaska

Florida

Nevada

New Hampshire

South Dakota

Tennessee

Texas

Washington state

Wyoming

Life is easier this time of year when you don't have a state income tax.

[Mr. Big Dog 10,747]

Alaska

Florida

Nevada

New Hampshire

South Dakota

Tennessee

Texas

Washington state

Wyoming

Life is easier this time of year when you don't have a state income tax.