West Virginia – Adjusted Interest Rates for July 1, 2015 through December 31, 2015

Salt Report 3619 – On April 15, 2015, the West Virginia Department of Revenue, State Tax Department, released the interest rates for overpayments and underpayments for the second half of 2015: Underpayment Interest Rate – 9.5% Overpayment Interest Rate – 8% Continue reading West Virginia – Adjusted Interest Rates for July 1, 2015 through December 31, 2015

California – AB 405 Interest Equalization Act (Overpayment and Underpayment)

Salt Report 3596 – Currently, 22 states pay a lower percentage of interest to taxpayers who overpay and are due refunds than they pay to taxpayers who underpay and are assessed.  This bill is attempting to establish one interest rate Continue reading California – AB 405 Interest Equalization Act (Overpayment and Underpayment)