An Act regarding late payments and interest rates for real estate bills and personal property taxes

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act regarding late payments and interest rates for real estate bills and personal property taxes

An Act regarding late payments and interest rates for real estate bills and personal property taxes By Representative Scanlon of North Attleborough, a petition (accompanied by bill, House, No.

What This Bill Does

• An Act regarding late payments and interest rates for real estate bills and personal property taxes By Representative Scanlon of North Attleborough, a petition (accompanied by bill, House, No.
• 3238) of Adam J.
• Scanlon, Andres X.
• Vargas and Patrick Joseph Kearney relative to late payments and interest rates for real estate bills and personal property taxes.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

An Act regarding late payments and interest rates for real estate bills and personal property taxes
By Representative Scanlon of North Attleborough, a petition (accompanied by bill, House, No. 3238) of Adam J. Scanlon, Andres X. Vargas and Patrick Joseph Kearney relative to late payments and interest rates for real estate bills and personal property taxes. Revenue.
Status:
Referred to House Committee on Bills in the Third Reading

Current Bill Text

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Bill H.3238

SECTION 1. Section 57 of chapter 59 of the General Laws, as appearing in the 2020 Official Edition, is hereby amended by striking out, in lines 11 through 12, the words "interest at the rate of 14 percent per annum" and inserting in place thereof the following words:-

"interest at the rate of up to 14 percent per annum, as determined by the city council, town meeting, or other equivalent legislative body"

SECTION 2. Said section 57 of chapter 59 of the General Laws, as so appearing, is hereby further amended by adding the following paragraph:-

For the purposes of carrying out the first paragraph, the collector, treasurer, or equivalent party may waive interest fees on late payments and may set up a payment plan with the party responsible for unpaid balances on real estate and personal property taxes.

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