Interest rate on unpaid state taxes, overdue refunds unchanged for 2013
Minnesota Department of Revenue Commissioner Myron Frans announced this week that in 2013, 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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