MA S1725

Bill

Relative to equalizing the Department of Revenue interest rates

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to equalize the Department of Revenue interest rates. Revenue.

AI Summary

This bill aims to equalize the Department of Revenue interest rates by amending the General Laws. Specifically, it proposes to change the interest rate charged on unpaid taxes from the current formula to a new formula based on the federal short-term rate plus 2 percentage points, calculated as simple interest. This change would apply to any amount of tax that is not paid to the commissioner by the statutory due date.

Committee Categories

Budget and Finance

Sponsors (1)

Mike Moore (D),

Last Action

Accompanied H2512 (on 03/04/2020)

Official Document

https://malegislature.gov/Bills/191/S1725

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S1725
Bill	https://malegislature.gov/Bills/191/S1725.pdf

Bill	Bill Name	Last Action	Type
H2442	Regarding economic development to enable state residents to attract out-of-state businesses through financial incentives	Accompanied a study order, see H5128	Similar To
H2512	Relative to DOR interest rate parity	Bill reported favorably by committee and referred to the committee on House Ways and Means	Replaced by
H2563	Relative to interest on property tax bills	Accompanied a study order, see H5080	Similar To
H2598	Relative to equalizing the Department of Revenue interest rates	Accompanied H2512	Similar To
S1865	To require periodic regulatory review at the Department of Revenue	Accompanied a study order, see S2569	Similar To
S1928	To equitably support enhanced 911 service	Accompanied a study order, see S2552	Similar To
S702	To establish the family caregiver tax credit	Ought NOT to pass (under Joint Rule 10) and placed in the Orders of the Day for the next session	Similar To
S967	Relative to prejudgment interest rates	Accompanied a study order, see S2496	Similar To

Bill > S1725

MA S1725

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

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bill summary

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