The checks were issued by a company called Submittable Holdings. Image: Minnesota Department of Revenue
The Minnesota Department of Revenue plans to reissue more than 100,000 taxpayer rebate checks that were never cashed.
The big picture: The Legislature, earlier this year, approved sending one-time payments of $260 to $1,300, depending on family size, to millions of Minnesotans as part of the latest state budget.
Zoom in: While the majority of payments were made via direct deposit, 945,000 paper checks were sent to taxpayers who didn't have bank account info on file or whose direct deposits didn't go through.
Yes, but: Nearly 150,000 of those were never cashed. Officials have previously said they believe some recipients mistook the envelopes for junk mail. Others had an old address on their tax returns.
- Some were returned by taxpayers citing personal beliefs, per the Star Tribune.
What to expect: The first batch of replacement payments for checks that expired after 60 days — totaling $35 million — goes out this week. A second will be sent in early December.
- Payments that remain unredeemed after this round of checks expires will go to the Minnesota Department of Commerce's Unclaimed Property Division.
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