S 2044
An Act relative to equalizing the Department of Revenue interest rates
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- Passed Senate
- Passed House
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- Became Law
Bill overview
This bill aims to standardize the interest rates charged by the Massachusetts Department of Revenue. Currently, the Department’s interest rates can vary, leading to potential inequities for taxpayers. The bill seeks to establish a uniform interest rate policy across the Department’s operations, ensuring consistent rates for all outstanding debts and obligations. It seeks to provide greater transparency and predictability for taxpayers regarding interest charges.
Key provisions
- Establishes a single, standardized interest rate for the Department of Revenue.
- Applies to all outstanding debts and obligations managed by the Department of Revenue.
- Aims to ensure consistent interest rates for all taxpayers.
- Requires the Department of Revenue to publicly disclose its interest rate policy.
- No specific details on how the rate will be determined are included in the text.
Who is affected
- Taxpayers in Massachusetts
- The Massachusetts Department of Revenue
- Individuals and businesses owing debts to the Department of Revenue
Notable changes
- Currently, the Department of Revenue uses varying interest rates.
- This bill proposes a uniform interest rate policy.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Michael O. Moore
Cosponsor
Michael O. Moore
Arguments in favor
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Bill S.2044 194th (Current)
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.
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Bill Information
Bill Information
Presenter: Michael O. Moore Status: Referred to Joint Committee on Revenue
Tabs
Bill History Petitioners Committee Summary Primary Sponsor Summary
Bill History
Displaying 5 actions for Bill S.2044
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Revenue |
| 2/27/2025 | House | House concurred |
| 9/26/2025 | Joint | Hearing scheduled for 10/07/2025 from 01:00 PM-05:00 PM in A-2 |
| 10/7/2025 | 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 |
| 4/1/2026 | Senate | Reporting date extended to Thursday June 25, 2026 |
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