Amends interest rates for delinquent and deferred taxes in Massachusetts.
This bill modifies the interest rates for delinquent and deferred taxes in Massachusetts. It reduces the interest rate for delinquent taxes from 14% to 8%, adjusts the rate for deferred taxes from 14% to 8%, and changes the rate for deferred interest from 16% to 8%. These changes affect taxpayers who fail to pay their taxes on time or defer their tax payments.
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