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HOUSE DOCKET, NO. 1324 FILED ON: 1/14/2025
HOUSE . . . . . . . . . . . . . . . No. 3144
The Commonwealth of Massachusetts
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PRESENTED BY:
Bradley H. Jones, Jr.
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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 relative to DOR interest rate parity.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Bradley H. Jones, Jr.20th Middlesex1/14/2025Kimberly N. Ferguson1st Worcester1/14/2025Paul K. Frost7th Worcester1/31/2025Todd M. Smola1st Hampden3/10/2025Hannah Kane11th Worcester1/31/2025 1 of 2
HOUSE DOCKET, NO. 1324 FILED ON: 1/14/2025
HOUSE . . . . . . . . . . . . . . . No. 3144
By Representative Jones of North Reading, a petition (accompanied by bill, House, No. 3144) of
Bradley H. Jones, Jr. and others relative to Department of Revenue interest rate parity. Revenue.
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2845 OF 2023-2024.]
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 relative to DOR interest rate parity.
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 1. Section 37 of chapter 62C of the General Laws, as appearing in the 202
2Official Edition, is hereby amended by striking out the last sentence of the second paragraph.
3 SECTION 2. Section 40 of said chapter 62C, as so appearing, is hereby amended by
4striking out paragraph (a) and inserting in place thereof the following paragraph:-
5 (a) If any refund of any tax, interest or penalties is made pursuant to sections thirty,
6thirty-one A, thirty-six, thirty-six A, thirty-seven or thirty-nine of this chapter, or sections
7twenty-seven or twenty-seven A of chapter sixty-five, or section six of chapter sixty-five A, the
8state treasurer shall repay to the taxpayer the amount of such refund with interest thereon at the
9rate established under subsection (a) of section 32 of this chapter, except as hereinafter provided,
10from the date of overpayment to a date, to be determined by the commissioner, preceding the 2 of 2
11date of the refund check by not more than thirty days, whether or not such refund check is
12accepted by the taxpayer after tender of such to the taxpayer. The acceptance of such check shall
13be without prejudice to any right of the taxpayer to claim any additional overpayment and
14interest thereon.
15 SECTION 3. This act shall take effect January 1, 2026.