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S2044 • 2025

An Act relative to equalizing the Department of Revenue interest rates

An Act relative to equalizing the Department of Revenue interest rates

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Michael O. Moore
Last action
2026-04-01
Official status
Reporting date extended to Thursday June 25, 2026
Effective date
Not listed

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 relative to equalizing the Department of Revenue interest rates

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

What This Bill Does

  • An Act relative to equalizing the Department of Revenue interest rates By Mr.
  • Moore, a petition (accompanied by bill, Senate, No.
  • 2044) of Michael O.
  • Moore for legislation to equalize the Department of Revenue interest rates.

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.

Bill History

  1. 2026-04-01 Senate

    Reporting date extended to Thursday June 25, 2026

  2. 2025-10-07 Joint

    Hearing rescheduled to 10/07/2025 from 01:00 PM-02:00 PM in A-2 and Virtual Hearing updated to New End Time

  3. 2025-09-26 Joint

    Hearing scheduled for 10/07/2025 from 01:00 PM-05:00 PM in A-2

  4. 2025-02-27 Senate

    Referred to the committee on Revenue

  5. 2025-02-27 House

    House concurred

Official Summary Text

An Act relative to equalizing the Department of Revenue interest rates
By Mr. Moore, a petition (accompanied by bill, Senate, No. 2044) of Michael O. Moore for legislation to equalize the Department of Revenue interest rates. Revenue.

Current Bill Text

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Bill S.2044

Subsection (a) of section 32 of chapter 62C of the General Laws, as appearing in the 2022 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.”

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