HOW THE PAYMENTS WORK
Q. Do I need to take any action to receive this payment?
No. If you are eligible to receive a payment from this program, you will automatically receive the payment in the form of a check that will be mailed to you.
Q. How many rounds of the premium pay program will there be?
The first round of payments was made based on 2020 returns. The second round of payment is based on 2021 returns. A third and final round of payments was distributed in January 2023.
Q. Will premium payments be treated as taxable income?
Under current law, premium payments are not subject to state income tax but may be subject to federal income tax. Because the IRS reporting threshold for taxable grants is $600, no 1099-G will be issued from the Department of Revenue.