Interest rates decrease March 2021 Tax News

For the period July 1, 2021, through December 31, 2021, the interest rate will:

• Decrease from 5% to 3%.

This is the rate compounded daily that accrues with respect to various state taxes including:

• Personal income
• Corporate income
• Franchise income

The rate for corporation tax overpayments for the period will decrease from 2% to 0%.

Visit our interest rates webpage for more information on past interest rates.