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Revenue Administration: interest-and-dividend refunds near completion; about $21 million expected this quarter
Fiscal Committee · November 22, 2025
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Summary
Jennifer Ramsey, tax-policy counsel with the Department of Revenue Administration, told the Fiscal Committee the state expects roughly $21 million more in interest-and-dividend (I&D) refunds this quarter related to the I&D repeal and that carryforwards are nearly exhausted.
Jennifer Ramsey, tax-policy counsel at the Department of Revenue Administration, briefed the Fiscal Committee on interest-and-dividend (I&D) refunds the department is processing.
Ramsey said the department is "preliminarily" looking at about $21 million in I&D refunds for…
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