summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to equalize the Department of Revenue interest rates. Revenue.
AI Summary
This bill aims to equalize the interest rates charged by the Department of Revenue (DOR) in Massachusetts. Specifically, the bill proposes to amend the state's General Laws to set the interest rate on unpaid taxes at the federal short-term rate plus 2 percentage points, computed as simple interest. This change would standardize the interest rate charged by the DOR, whereas the previous law had a different interest rate structure.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied H2956 (on 04/07/2022)
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/192/S1931 |
| Bill | https://malegislature.gov/Bills/192/S1931.pdf |
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