Bill > H3068

This bill modifies interest rates for delinquent and deferred tax payments across multiple sections of Massachusetts tax law. Specifically, the bill reduces the interest rate from 14% to 8% in three distinct sections of law: Section 57 of Chapter 59, Section 57C of Chapter 59, and Section 68 of Chapter 60 of the Massachusetts General Laws. By lowering these interest rates, the bill appears to be providing financial relief to taxpayers who are behind on payments or have deferred tax obligations, making the consequences of late or delayed tax payments less financially burdensome. The change applies to the 2022 Official Edition of these legal provisions and aims to create more uniform and potentially more reasonable interest rate standards for tax delinquencies.

Budget and Finance

https://malegislature.gov/Bills/194/H3068