MA H3238

Amends Chapter 59, Section 57 of Massachusetts General Laws to change the fixed 14% annual interest rate on late property tax payments to a variable rate of up to 14%, as determined by local legislative bodies (city council, town meeting, etc.)

Grants municipalities local control to set their own interest rates for delinquent real estate and personal property taxes, rather than requiring a statewide uniform rate

Authorizes tax collectors, treasurers, or equivalent officials to waive interest fees on late payments at their discretion

Permits local officials to establish payment plans with taxpayers who have unpaid balances on real estate and personal property taxes

Filed by Representative Adam J. Scanlon (14th Bristol) on January 6, 2025, with co-sponsors from 3rd Essex and 4th Plymouth districts