Massachusetts S1763 aims to aid economic recovery of the tourism industry by reducing interest rates on certain taxes for fiscal years 2022, 2023.

Massachusetts S1763 seeks to aid economic recovery of the tourism industry by amending tax laws to reduce interest rates on certain taxes for fiscal years 2022, 2023, and 2024. Specifically, it lowers the interest rate on unpaid taxes for bed and breakfast establishments, hotels, lodging houses, and motels from fourteen percent to seven percent. It also reduces the interest rate on abated real estate taxes from eight percent to four percent for the same fiscal years. These changes aim to provide financial relief to the tourism sector during a critical period of economic recovery.

Massachusetts S1763 aims to aid economic recovery of the tourism industry by reducing interest rates on certain taxes for fiscal years 2022, 2023.

Massachusetts S1763 seeks to aid economic recovery of the tourism industry by amending tax laws to reduce interest rates on certain taxes for fiscal years 2022, 2023, and 2024. Specifically, it lowers the interest rate on unpaid taxes for bed and breakfast establishments, hotels, lodging houses, and motels from fourteen percent to seven percent. It also reduces the interest rate on abated real estate taxes from eight percent to four percent for the same fiscal years. These changes aim to provide financial relief to the tourism sector during a critical period of economic recovery.