Hot Report: Income Tax Refund Debit Cards

OLR Report 2012-R-0099 answers various questions regarding the Department of Revenue Services' (DRS) income tax refund debit cards.

The questions answered in the report include:

• Is DRS or a contracted vendor issuing the debit cards?
• Under what authority is DRS implementing the new debit card program?
• Does JP Morgan Chase have any side agreements with People's Bank, Visa, or other institutions regarding the sharing of debit card fees?
• What happens to unexpended money on the debit cards? How does this compare to an uncashed refund check?

For the answers to these questions, read the report.