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October 2, 2006

A key Rhode Island interest rate skyrockets

Rhode Island now charges one of the highest rates in the nation on overdue taxes. Under provisions of a state law that took effect yesterday, the state now charges 18 percent on delinquent taxes. That's up from the old rate of 12 percent. It's also higher than what any other New England state charges.

The new Rhode Island rate is tied for the highest nationwide. In general, only South Dakota and Wisconsin charge 18 percent, and no state charges more, according to a recent survey by CCH Inc. of Riverwoods, Ill., a national publisher of tax information for accountants and other tax professionals.

Posted by Neil Downing  at 12:19 PM | Permalink

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