Category: Economy, Budget and Taxes

HB 1673 (2018) relative to the interest charged on late and delinquent property tax payments.

House/Senate Bill: House

Description: Changes the interest rates on late and delinquent property tax payments from a fixed rate of 12% for pre-lien payments and 18% for post lien payments, to the annual underpayment rate determined by the Commissioner of Revenue Administration, based on the rate specified in the Internal Revenue Code. This would most likely lower the interest rates on late and delinquent property taxes. The Senate amended the bill to lower the interest rates on late and delinquent property tax payments to new fixed rates of 8% for pre-lien payments and 14% for post lien payments.

Bill Sponsor: Kevin Scully

Bill Co Sponsor: Click the "Link to Full Bill" for information

Next Hearing Date: Mon, 04/30/2018

Next Voting Date: Thu, 05/03/2018

Bill Status

Signed by Governor
Passed House Committee: No
Passed House: Yes
Passed Senate Committee: Yes
Passed Senate: Yes
Signed by Governor: Yes

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