summary
Introduced
01/22/2019
01/22/2019
In Committee
03/04/2020
03/04/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to the calculation of interest rates for refunds by the Department of Revenue. Revenue.
AI Summary
This bill amends the General Laws of Massachusetts to change the calculation of interest rates for tax refunds issued by the Department of Revenue (DOR). Specifically, it removes the last sentence of the second paragraph of Section 37 of Chapter 62C and revises Section 40 of the same chapter to set the interest rate for refunds at the same rate established under Section 32 of Chapter 62C. This change aims to establish parity between the interest rates paid by the DOR on refunds and the interest rates charged by the DOR on unpaid taxes.
Committee Categories
Budget and Finance
Sponsors (11)
David DeCoste (R),
Kim Ferguson (R),
Paul Frost (R),
Susan Gifford (R),
Bradford Hill (R),
Steven Howitt (R),
Randy Hunt (R),
Brad Jones (R),
Elizabeth Poirier (R),
Todd Smola (R),
Mike Soter (R),
Last Action
Bill reported favorably by committee and referred to the committee on House Ways and Means (on 03/04/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H2512 |
| Bill | https://malegislature.gov/Bills/191/H2512.pdf |
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