MA H2303

Bill

Relative to prejudgment 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

Relative to the interest rate for damages in certain tort and contract actions. The Judiciary.

AI Summary

This bill amends sections of the Massachusetts General Laws to change the interest rate used for damages in certain tort and contract actions. Specifically, it replaces the current 12% per annum interest rate with a rate calculated based on the weekly average one-year constant maturity treasury yield published by the Federal Reserve System for the calendar week preceding the date of the judgment.

Committee Categories

Justice

Sponsors (9)

Jay Barrows (R), Nick Boldyga (R), Paul Frost (R), Susan Gifford (R), Sheila Harrington (R), Steven Howitt (R), Brad Jones (R), Kevin Kuros (R), Todd Smola (R),

Last Action

Accompanied a study order, see H4874 (on 08/09/2018)

Official Document

https://malegislature.gov/Bills/190/H2303

(6 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H2303
Bill	https://malegislature.gov/Bills/190/H2303.pdf

Bill	Bill Name	Last Action	Type
H4874	Judiciary Study Order	Discharged to the committee on House Rules	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
S848	Relative to direct food donations	Accompanied a study order, see S2313	Similar To
S887	Relative to prejudgment interest rates	Accompanied a study order, see S2313	Similar To

Bill > H2303

MA H2303

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (9)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary