Department of
Taxation and Finance Home Page
Tax Department Releases Interest Rates for
1/1/00 - 3/31/00
| FOR RELEASE: | |
| IMMEDIATE, Thursday | |
| November 4, 1999 |
Interest rates paid on overpayments or refunds or assessed on late payments or
underpayments, are established quarterly by the Tax Department. Legal requirements
dictate the announcement of the rates despite the fact there are no changes from the
previous quarter. Due to financial constraints, the Department is using the media,
rather than individual mailings to practitioners, to provide notice. The rate
associated with each tax, effective until March 31, 2000, is as follows:
To view prior period interest rates, click HERE.
| Tax | Period 1/1/00 - 3/31/00 Interest Rate Per Annum Compounded Daily |
|
| Refunds | Late Payments and Assessments |
|
| Alcoholic Beverage | 7% | 8% |
| Beverage Containers | 7% | 12% |
| Boxing & Wrestling | 7% | 8% |
| Cigarette | N/A | 8% |
| Corporation | 7% | 8% |
| Diesel Motor Fuel | 7% | 8% |
| Estate | 7% | 7% |
| Fuel Use Tax | 12% | 12% |
| Generation-Skipping Transfer | 7% | 7% |
| Gift | 7% | 7% |
| Hazardous Waste | 7% | 15% |
| Highway Use | 7% | 8% |
| Income | 7% | 7% |
| Lubricating Oil | 7% | 12% |
| Mortgage Recording | 7% | 8% |
| Motor Fuel | 7% | 8% |
| Petroleum Business | 7% | 8% |
| Real Estate Transfer | 7% | 8% |
| Real Property Transfer Gains | 7% | 8% |
| Sales and Use | 7% | 12% |
| Tobacco Products | N/A | 8% |
| Withholding | 7% | 8% |
# # #
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Last Modified November 4, 1999