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Post details: Massachusetts --Multiple Taxes: Interest Rates Increase for Fourth Quarter of 2008
09/05/08
Massachusetts --Multiple Taxes: Interest Rates Increase for Fourth Quarter of 2008
CCH (cch.taxgroup.com) reports:
For the fourth quarter of 2008, the interest rate on underpayments of Massachusetts taxes administered by the Department of Revenue increased from 6% to 7% compounded daily, while the interest rate paid by the Department on tax overpayments increased from 4% to 5%.
Technical Information Release 08-14 , Massachusetts Department of Revenue, September 4, 2008, ¶401-190
Other References:
Explanations at ¶89-204
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