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Monrovia Assemblyman's Interest Rate Bill Approved by Assembly Committee

Assembly Bill 2048, by Assemblyman Tim Donnelly, who represents part of Monrovia, was unanimously approved by the Assembly Revenue and Taxation Committee today. The bill would "ensure that interest rates will be calculated the same way for underpayments as it is for overpayments. When government owes taxpayers, it will then pay the same interest rate required of Californians who owe taxes." Source:
- Brad Haugaard

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