summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to calculations of interest for refunds issued by the Department of Revenue. Revenue.
AI Summary
This bill amends the Massachusetts General Laws to establish parity in the interest rate for tax refunds issued by the Department of Revenue (DOR). Specifically, it strikes the last sentence of the second paragraph in Section 37 of Chapter 62C, and amends Section 40 of the same chapter to specify that any tax refund, interest, or penalties issued by the DOR must include interest calculated at the same rate as established under Section 32(a) of Chapter 62C, from the date of overpayment until the refund check is issued. The bill takes effect on January 1, 2017.
Committee Categories
Budget and Finance
Sponsors (11)
Jay Barrows (R),
Nick Boldyga (R),
Paul Frost (R),
Susan Gifford (R),
Sheila Harrington (R),
Steven Howitt (R),
Randy Hunt (R),
Brad Jones (R),
Dave Muradian (R),
Todd Smola (R),
Donald Wong (R),
Last Action
Accompanied S1604 (on 05/10/2017)
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/190/H1550 |
| Bill | https://malegislature.gov/Bills/190/H1550.pdf |
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