Fiscal Year Memo 2022-03: Late Penalty Interest Rate
The purpose of this memo is to advise departments that the late penalty interest rate for July 1, 2021- December 31, 2021 is 0.25% per annum (Daily Interest Rate = 0.0000068).
The purpose of this memo is to advise departments that the late penalty interest rate for July 1, 2021- December 31, 2021 is 0.25% per annum (Daily Interest Rate = 0.0000068).