S1404 — Reduces maximum rate of interest to be charged for delinquent taxes from 18% to 12%.

S1404 — Reduces maximum rate of interest to be charged for delinquent taxes from 18% to 12%. · Informed CitizenryThis bill amends R.S.54:4-67 to reduce the maximum interest rate charged for delinquent taxes, assessments, or municipal liens. Under the proposed change, the interest rate is capped at 8% per annu…Open in Informed Citizenry