Massachusetts 2023-2024 Regular Session

Massachusetts House Bill H2911

Introduced
2/16/23  

Caption

Relative to interest fees

Impact

The passage of H2911 could have significant implications for both taxpayers and local government entities in Massachusetts. By allowing tax collectors to waive interest fees to a greater extent, the bill seeks to ease the financial burden on residents who may struggle to meet their tax responsibilities. This adjustment could potentially reduce the overall tax burden on these individuals and improve their compliance with tax laws. For municipalities, it may lead to a decrease in revenue from interest, requiring local governments to assess their financial strategies accordingly.

Summary

House Bill 2911, presented by Representative Jerald A. Parisella, aims to amend Section 15 of Chapter 60 of the General Laws concerning the waiver of certain interest, charges, or fees collected by tax collectors. Specifically, the bill proposes to increase the maximum allowable interest from $15 to $100. This legislative change is intended to provide tax collectors with a more flexible framework for waiving interest, which could assist individuals facing financial difficulties in settling their tax obligations without incurring additional charges.

Contention

There may be contention regarding the potential loss of revenue for local governments due to the increased flexibility in waiving interest fees. Supporters of the bill might argue that the economic relief provided to taxpayers justifies the financial impact on local municipalities. However, opponents could express concerns about the long-term implications of reduced income for local tax authorities and the challenges this poses for managing essential public services. The discussions around the bill may involve differing viewpoints on the balance between taxpayer relief and fiscal responsibility.

Companion Bills

MA H2883

Similar To Relative to the improvement in the process for collecting delinquent municipal property taxes

MA H2843

Similar To Requiring a waiting period for new taxes

MA H4981

Replaced by Relative to interest fees

Previously Filed As

MA H3400

Relative to the Hall-Whitaker Bridge

MA H1109

Relative to insurance benefits relating to relocation costs

MA H3526

Relative to treating veterans under the pension laws

MA H2913

To extend the Brownfields tax credit

MA H3399

Relative to Route 128 interchange improvements

MA H3527

Increasing access to medical care for veterans

MA H3402

Establishing a study to modernize road repair

MA H2627

Relative to veterans' buyback

Similar Bills

No similar bills found.