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| 2 | 2 | | HOUSE DOCKET, NO. 1324 FILED ON: 1/14/2025 |
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| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 3144 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Bradley H. Jones, Jr. |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act relative to DOR interest rate parity. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | 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 |
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| 16 | 16 | | HOUSE DOCKET, NO. 1324 FILED ON: 1/14/2025 |
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| 17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. 3144 |
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| 18 | 18 | | By Representative Jones of North Reading, a petition (accompanied by bill, House, No. 3144) of |
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| 19 | 19 | | Bradley H. Jones, Jr. and others relative to Department of Revenue interest rate parity. Revenue. |
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| 20 | 20 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
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| 21 | 21 | | SEE HOUSE, NO. 2845 OF 2023-2024.] |
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| 22 | 22 | | The Commonwealth of Massachusetts |
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| 23 | 23 | | _______________ |
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| 24 | 24 | | In the One Hundred and Ninety-Fourth General Court |
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| 25 | 25 | | (2025-2026) |
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| 26 | 26 | | _______________ |
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| 27 | 27 | | An Act relative to DOR interest rate parity. |
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| 28 | 28 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 29 | 29 | | of the same, as follows: |
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| 30 | 30 | | 1 SECTION 1. Section 37 of chapter 62C of the General Laws, as appearing in the 202 |
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| 31 | 31 | | 2Official Edition, is hereby amended by striking out the last sentence of the second paragraph. |
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| 32 | 32 | | 3 SECTION 2. Section 40 of said chapter 62C, as so appearing, is hereby amended by |
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| 33 | 33 | | 4striking out paragraph (a) and inserting in place thereof the following paragraph:- |
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| 34 | 34 | | 5 (a) If any refund of any tax, interest or penalties is made pursuant to sections thirty, |
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| 35 | 35 | | 6thirty-one A, thirty-six, thirty-six A, thirty-seven or thirty-nine of this chapter, or sections |
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| 36 | 36 | | 7twenty-seven or twenty-seven A of chapter sixty-five, or section six of chapter sixty-five A, the |
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| 37 | 37 | | 8state treasurer shall repay to the taxpayer the amount of such refund with interest thereon at the |
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| 38 | 38 | | 9rate established under subsection (a) of section 32 of this chapter, except as hereinafter provided, |
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| 39 | 39 | | 10from the date of overpayment to a date, to be determined by the commissioner, preceding the 2 of 2 |
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| 40 | 40 | | 11date of the refund check by not more than thirty days, whether or not such refund check is |
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| 41 | 41 | | 12accepted by the taxpayer after tender of such to the taxpayer. The acceptance of such check shall |
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| 42 | 42 | | 13be without prejudice to any right of the taxpayer to claim any additional overpayment and |
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| 43 | 43 | | 14interest thereon. |
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| 44 | 44 | | 15 SECTION 3. This act shall take effect January 1, 2026. |
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