Bill

Bill > H2661


MA H2661

MA H2661
Relative to interest on abatements


summary

Introduced
01/20/2015
In Committee
01/20/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

Relative to the interest paid to taxpayers on tax abatements. Revenue.

AI Summary

This bill proposes to change the interest rate paid to taxpayers on tax abatements, which are reductions in the amount of tax owed. Specifically, it amends two sections of chapter 59 of the General Laws, which deals with taxation. In both instances, the bill seeks to replace the current interest rate of "eight" percent with "two" percent. This means that if a taxpayer is owed money back due to a tax abatement, the government will pay them a lower interest rate on that amount.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Accompanied a study order, see H4639 (on 09/26/2016)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...