Picture of California Tax Refund IOU (Registered Warrant)

You may have heard that California is broke, and is sending out IOU slips instead of checks for income tax refunds. Well, I thought that I would be immune, but due to an amendment of my return, I ended with getting one in the mail as well. Here is a scan for historical preservation:

(click for larger version)

Of course, I receive it the day after major banks like Bank of America stopped accepting them. There are some local credit unions that still accept them from members, but as they pay 3.75% interest I might just wait and see how things go.

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