HOUSE DOCKET, NO. 1756        FILED ON: 1/19/2017

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1614

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Elizabeth A. Poirier

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to equalizing the Department of Revenue interest rates.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Elizabeth A. Poirier

14th Bristol

1/19/2017

William L. Crocker, Jr.

2nd Barnstable

1/23/2017


HOUSE DOCKET, NO. 1756        FILED ON: 1/19/2017

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1614

By Mrs. Poirier of North Attleborough, a petition (accompanied by bill, House, No. 1614) of Elizabeth A. Poirier and William Crocker for legislation to equalize the Department of Revenue interest rates.  Revenue.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1526 OF 2015-2016.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninetieth General Court
(2017-2018)

_______________

 

An Act relative to equalizing the Department of Revenue interest rates.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Paragraph (a) of section 32 of chapter 62C of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by striking out the second sentence and inserting in place thereof the following sentence:-

If any amount of tax is not paid to the commissioner on or before its statutory due date, there shall be added to the tax interest at the rate of the federal short-term rate determined under section 6621(b) of the Internal Revenue Code, as amended and in effect for the taxable year, plus 2 percentage points, computed as simple interest.