HOUSE DOCKET, NO. 2650        FILED ON: 2/18/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2956


The Commonwealth of Massachusetts



Bradley H. Jones, Jr.


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 DOR interest rate parity.






Date Added:

Bradley H. Jones, Jr.

20th Middlesex


Susan Williams Gifford

2nd Plymouth


Norman J. Orrall

12th Bristol


Paul K. Frost

7th Worcester


Kimberly N. Ferguson

1st Worcester


Mathew J. Muratore

1st Plymouth


Steven S. Howitt

4th Bristol


Hannah Kane

11th Worcester


HOUSE DOCKET, NO. 2650        FILED ON: 2/18/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2956

By Mr. Jones of North Reading, a petition (accompanied by bill, House, No. 2956) of Bradley H. Jones, Jr., and others relative to the calculation of interest rates for refunds by the Department of Revenue.  Revenue.


The Commonwealth of Massachusetts



In the One Hundred and Ninety-Second General Court



An Act relative to DOR interest rate parity.


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

SECTION 1.  Section 37 of chapter 62C of the General Laws, as appearing in the 2018 Official Edition, is hereby amended by striking out the last sentence of the second paragraph.

SECTION 2.  Section 40 of said chapter 62C, as so appearing, is hereby amended by striking out paragraph (a) and inserting in place thereof the following paragraph:-

(a) If any refund of any tax, interest or penalties is made pursuant to sections thirty, thirty-one A, thirty-six, thirty-six A, thirty-seven or thirty-nine of this chapter, or sections twenty-seven or twenty-seven A of chapter sixty-five, or section six of chapter sixty-five A, the state treasurer shall repay to the taxpayer the amount of such refund with interest thereon at the rate established under subsection (a) of section 32 of this chapter, except as hereinafter provided, from the date of overpayment to a date, to be determined by the commissioner, preceding the date of the refund check by not more than thirty days, whether or not such refund check is accepted by the taxpayer after tender of such to the taxpayer. The acceptance of such check shall be without prejudice to any right of the taxpayer to claim any additional overpayment and interest thereon.

SECTION 3.  This act shall take effect January 1, 2022.