The Department of Revenue is issuing this Technical Information Release (TIR) to announce the quarterly interest rate under G.L. c. 62C, § 32. The interest rate on overpayments and underpayments determined by the Department of Revenue pursuant to G.L. c. 62C, § 32, as amended, for calendar year 1993 is as follows:

First Quarter, 1993 8%

Second Quarter, 1993 8%

The above rate is the Federal short-term rate determined under Section 6621(b) of the Internal Revenue Code, as amended and in effect for the taxable year, plus four percentage points. The rate may change quarterly. See TIR 92-6 for an explanation of statutory changes in interest and penalties effective January 1, 1993.

/s/ Mitchell Adams
Mitchell Adams
Commissioner of Revenue

April 2, 1993

TIR 93-5

Recommended Content

People also viewed...

You recently viewed...

Personalization is OFF. Your personal browsing history at is not visible because your personalization is turned off. To view your history, turn your personalization on.

Learn more on our .

*Recommendations are based on site visitor traffic patterns and are not endorsements of that content.