Interest rate on upaid taxes remains level
Minnesota Department of Revenue Commissioner Myron Frans announced that in 2014, taxpayers will pay a 3 percent interest rate on delinquent state tax payments. This rate has remained the same since 2010.
The department calculates interest from the date the tax is due until it is paid in full. 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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