1 of 1
SENATE DOCKET, NO. 122 FILED ON: 1/8/2025
SENATE . . . . . . . . . . . . . . No. 2044
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Michael O. Moore
_________________
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 equalizing the Department of Revenue interest rates.
_______________
PETITION OF:
NAME:DISTRICT/ADDRESS :Michael O. MooreSecond Worcester 1 of 1
SENATE DOCKET, NO. 122 FILED ON: 1/8/2025
SENATE . . . . . . . . . . . . . . No. 2044
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.
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1883 OF 2023-2024.]
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Fourth General Court
(2025-2026)
_______________
An Act relative to equalizing the Department of Revenue 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 Subsection (a) of section 32 of chapter 62C of the General Laws, as appearing in the
22022 Official Edition, is hereby amended by striking out the second sentence and inserting in
3place thereof the following sentence:-
4 “If any amount of tax is not paid to the commissioner on or before its statutory due date,
5there shall be added to the tax interest at the rate of the federal short-term rate determined under
6section 6621(b) of the Internal Revenue Code, as amended and in effect for the taxable year, plus
72 percentage points, computed as simple interest.”