Adjusted interest rateMarch 2022 Tax News

The adjusted interest rate will remain unchanged at 3%

For the period July 1, 2022, through December 31, 2022, the interest rate will:

• Remain at 3%

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

• Personal income
• Corporate income
• Franchise income

The rate for corporation tax overpayments for the period will also remain unchanged at 0%.

For more information on interest and estimate penalty rates.