This bill amends RSA 76:17-a to include interest in an abated property tax refund at the rate determined by the department of revenue administration. Currently, when an abatement of taxes is granted, interest is awarded at a rate of 4 percent per annum from the date the taxes were paid. The bill replaces this rate with the rate determined by the department of revenue for overpayment of tax, plus 2 percentage points calculated from the date the taxes were paid to the date of refund. The bill will take effect on July 1, 2024.

Statutes affected:
Introduced: 76:17-a