MA H1526

Bill

Updating interest rates for property tax abatements

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to the rate of interest applied to judgements for tax abatements on personal property. Revenue.

AI Summary

This bill proposes to update 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 published by the Federal Reserve Bank of New York on July 1 of the applicable fiscal year. This change is made to Sections 64 and 69 of Chapter 59 of the General Laws.

Committee Categories

Budget and Finance

Sponsors (1)

Ken Gordon (D),

Last Action

Accompanied a study order, see H4244 (on 02/22/2018)

Official Document

https://malegislature.gov/Bills/190/H1526

(6 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H1526
Bill	https://malegislature.gov/Bills/190/H1526.pdf

Bill	Bill Name	Last Action	Type
H1550	Relative to DOR interest rate parity	Accompanied S1604	Similar To
H4244	House study order	No further action taken	Replaced by
S1573	Relative to equalizing the Department of Revenue interest rates	Accompanied S1604	Similar To
S1604	Providing interest rate parity	No further action taken	Similar To
S1644	Relative to the interest rate on tax-deferred property	Accompanied S1503	Similar To
S887	Relative to prejudgment interest rates	Accompanied a study order, see S2313	Similar To

Bill > H1526

MA H1526

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary