MA S1573

Bill

MA S1573

Relative to equalizing the Department of Revenue interest rates

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to equalize the Department of Revenue interest rates. Revenue.

AI Summary

This bill aims to equalize the interest rates charged by the Massachusetts Department of Revenue. Specifically, it amends the state's tax laws to set the interest rate for overdue taxes at the federal short-term rate plus 2 percentage points, calculated as simple interest. This change would align the interest rate charged by the state with the federal rate, ensuring consistency and fairness in the application of tax penalties.

Committee Categories

Budget and Finance

Sponsors (1)

Mike Moore (D),

Last Action

Accompanied S1604 (on 05/10/2017)

Official Document

https://malegislature.gov/Bills/190/S1573

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/S1573
Bill	https://malegislature.gov/Bills/190/S1573.pdf

Bill	Bill Name	Last Action	Type
H1348	Relative to certain state employees of the Department of Revenue	Accompanied a study order, see H4654	Similar To
H1550	Relative to DOR interest rate parity	Accompanied S1604	Similar To
H1614	Relative to equalizing the Department of Revenue interest rates	Accompanied S1604	Similar To
S1604	Providing interest rate parity	No further action taken	Replaced by
S1644	Relative to the interest rate on tax-deferred property	Accompanied S1503	Similar To
S1654	To require periodic regulatory review at the Department of Revenue	Accompanied a study order, see S2497	Similar To
S1716	To require periodic regulatory review at the Department of Revenue	Accompanied a study order, see H4481	Similar To
S887	Relative to prejudgment interest rates	Accompanied a study order, see S2313	Similar To

Bill > S1573

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

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