Tax Department Releases Interest Rates for 1/1/01 - 3/31/01
FOR RELEASE:
IMMEDIATE, Thursday
November 16, 2000
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 even if 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, 2001,is as follows:
To view prior period interest rates, click HERE.
|
Period
1/1/01 - 3/31/01
Interest Rate Per Annum
Compounded Daily
|
|
Tax |
Refunds |
Late Payments
and Assessments
|
| Alcoholic Beverage |
8% |
9% |
| Beverage Containers |
8% |
12% |
| Boxing & Wrestling |
8% |
9% |
| Cigarette |
NA |
9% |
| Corporation |
8% |
9% |
| Diesel Motor Fuel |
8% |
9% |
| Estate |
8% |
8% |
| Fuel Use Tax |
12% |
12% |
| Generation-Skipping Transfer |
8% |
8% |
| Gift |
8% |
8% |
| Hazardous Waste |
8% |
15% |
| Highway Use |
8% |
9% |
| Income |
8% |
8% |
| Lubricating Oil |
8% |
12% |
| Mortgage Recording |
8% |
9% |
| Motor Fuel |
8% |
9% |
| Petroleum Business |
8% |
9% |
| Real Estate Transfer |
8% |
9% |
| Real Property Transfer Gains |
8% |
9% |
| Sales and Use |
8% |
12% |
| Tobacco Products |
NA |
9% |
| Withholding |
8% |
9% |
|
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|
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Last Modified: May 01, 2007
