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Interest rates steady for overdue MN taxes

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Minnesota Department of Revenue Commissioner Myron Frans announced today that in 2012, taxpayers will pay a 3 percent interest rate on delinquent state tax payments. This is the same as 2010 and 2011.

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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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