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By Ms. Grant of Beverly, petition (accompanied by bill, House, No. 2927) of Mary E. Grant and others relative to the interest on late payments of real estate taxes. Revenue. |
The Commonwealth of Massachusetts
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PETITION OF:
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By Ms. Grant of Beverly, petition (accompanied by bill, House, No. 2927) of Mary E. Grant and others relative to the interest on late payments of real estate taxes. Revenue. |
The Commonwealth of Massachusetts
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PETITION OF:
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In the Year Two Thousand and Seven.
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An Act relative to the interest rate on late payment of real estate taxes. |
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Section 57 of chapter 59 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by striking out, in line 11, the words “interest at the rate of fourteen per cent per annum,” and inserting in place thereof the following words:– interest at a rate to be set by adding four per cent to the current prime rate as published in the Wall Street Journal.