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HOUSE DOCKET, NO. 2056 FILED ON: 1/15/2025
HOUSE . . . . . . . . . . . . . . . No. 3011
The Commonwealth of Massachusetts
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PRESENTED BY:
James C. Arena-DeRosa
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act to reduce delinquent municipal tax interest rates.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:James C. Arena-DeRosa8th Middlesex1/15/2025 1 of 1
HOUSE DOCKET, NO. 2056 FILED ON: 1/15/2025
HOUSE . . . . . . . . . . . . . . . No. 3011
By Representative Arena-DeRosa of Holliston, a petition (accompanied by bill, House, No.
3011) of James C. Arena-DeRosa relative to delinquent municipal tax interest rates. Revenue.
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Fourth General Court
(2025-2026)
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An Act to reduce delinquent municipal tax interest rates.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 Section 57 of Chapter 59 of the General Laws, as appearing in the 2018 Official Edition,
2is hereby amended in line 7 by striking out the words, “interest at the rate of 14 per cent per
3annum," and inserting in place thereof the following: interest at a rate equivalent to the federal
4short term interest rate as of the fiscal quarter during which the bill for such tax is due plus an
5additional fee of 3 per cent per annum. The rate shall be adjusted quarterly on the last day of
6March, June, September and December based on any change in the federal short term interest
7rate.