HB4141: Relating to property tax interest; prescribing an effective date.

Legislative Summary

The Act decreases the rate of interest charged on delinquent property taxes. It takes effect on the 91st day after the end of session. (Flesch Readability Score: 64.2). Decreases the rate of interest charged on delinquent property taxes from 1.33 percent per month to 1.33 percent per year. Takes effect on the 91st day following adjournment sine die.