summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to the rate of interest applied to judgements for tax abatements on personal property. Revenue.
AI Summary
This bill updates the interest rates applied to judgments for tax abatements on personal property. Specifically, it replaces the current 8% interest rate with a rate equal to the federal funds rate as published by the Federal Reserve Bank of New York on July 1 of the applicable fiscal year. This change aims to align the interest rate more closely with current economic conditions.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H5045 (on 09/12/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H2817 |
| BillText | https://malegislature.gov/Bills/193/H2817.pdf |
Loading...