summary
Introduced
01/20/2015
01/20/2015
In Committee
01/20/2015
01/20/2015
Crossed Over
Passed
Dead
07/31/2016
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)
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/189/House/H2661 |
| State Bill Page | https://malegislature.gov/Bills/189/H2661 |
| Bill | https://malegislature.gov/Bills/189/H2661.pdf |
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