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DRT: EITC/CTC receipts posted, but refunds backlog and use‑tax reconciliation remain concerns
Summary
DRT reported receipt dates and dollar amounts for EITC and CTC advances and summarized tax‑refund processing status for tax year 2024; the department and BBMR told senators that outstanding refund processing, use‑tax reconciliation with Customs, and limited staffing are constraining collections and timely payments.
At the July 3 session, the Department of Revenue and Taxation (DRT) reported recent federal tax‑credit advancements and a snapshot of outstanding refunds. Marie Lizama of DRT said earned income tax credit (EITC) funds of $46,022,000 were received on March 3 and child tax credit (CTC) funds of $51,457,000 were received on Feb. 24; the department noted the additional child tax credit is included in the CTC figure. Lizama told the committee the American Opportunity Tax Credit is currently being…
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