AN ACT CONCERNING THE WAIVER OF INTEREST ON CERTAIN DELINQUENT PROPERTY TAX PAYMENTS.

This bill requires municipal tax collectors to waive interest on delinquent property taxes if the delay is caused by an error made by the tax assessor or tax collector, rather than by the taxpayer. To qualify for this waiver, the tax collector and assessor must jointly confirm the error, and the decision must be approved by a vote of the municipality's legislative body. The law also mandates that tax collectors provide clear public notice regarding due dates, delinquency dates, and the applicable interest rate before taxes become late. Effective October 1, 2024, this change ensures that taxpayers are not penalized with interest when the government agency makes a mistake in calculating or collecting their taxes.