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Interest rate drops for state taxes

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Taxpayers will pay a 3 percent interest rate on delinquent state tax payments in 2010, Department of Revenue Commissioner Ward Einess announced.

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This rate is a decrease of 2 percent from 2009 and is the lowest rate in the department's history.

By law, a person or business with delinquent taxes must pay interest on the amount of the penalty owed, as well as on the amount of tax owed.

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