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MA H3011

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

James Arena-DeRosa

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Replaces the fixed 14% annual interest rate on delinquent municipal taxes with a variable rate tied to the federal short-term interest rate plus 3% per annum
  • Amends Section 57 of Chapter 59 of the Massachusetts General Laws
  • Requires quarterly adjustments to the interest rate on the last day of March, June, September, and December
  • Sponsored by Representative James C. Arena-DeRosa (8th Middlesex) and filed on January 15, 2025

Legislative Description

To reduce delinquent municipal tax interest rates

Last Action

Accompanied a study order, see H5203

3/12/2026

Committee Referrals

Revenue2/27/2025

Full Bill Text

No bill text available