summary
Introduced
03/29/2021
03/29/2021
In Committee
04/07/2022
04/07/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd 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 strike out the last sentence of the second paragraph of Section 37 of Chapter 62C, and to amend Section 40 of the same chapter by striking out paragraph (a) and inserting a new paragraph. The key change is to the interest rate paid on tax refunds, which will now be set at the same rate established under subsection (a) of Section 32 of Chapter 62C, rather than a different rate as previously specified. The bill will take effect on January 1, 2022.
Committee Categories
Budget and Finance
Sponsors (8)
Brad Jones (R)*,
Kim Ferguson (R),
Paul Frost (R),
Susan Gifford (R),
Steven Howitt (R),
Hannah Kane (R),
Matt Muratore (R),
Norm Orrall (R),
Last Action
No further action taken (on 01/03/2023)
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/H2956 |
| Bill | https://malegislature.gov/Bills/192/H2956.pdf |
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