Substitute for Raised S.B. No. 820
Session Year 2013


AN ACT CONCERNING THE INTEREST RATE ON DELINQUENT PROPERTY TAXES.

To provide municipalities with a local option to charge interest on delinquent property taxes at a rate of twelve per cent per annum, and to amend the manner in which interest on such delinquent property taxes is calculated so that a payment that is only delinquent for a fraction of a month shall not be charged interest for a full month.