Instant Interest Release Notes Version 18.3.0.0

Release 18.3.0.0 reflects the following changes effective July 1, 2018:

  • Alaska changed from 7.50% to 7.75% compounded quarterly for both underpayments and overpayments.
  • Illinois changed from 4.00% to 4.50% simple interest for both underpayments and overpayments.
  • Michigan changed from 5.15% to 5.41% simple interest for both underpayments and overpayments.
  • Missouri changed from 1.00% to 1.20% simple interest for underpayments only. Overpayments stayed unchanged at 4.00%.
  • Tennessee changed from 8.00% to 8.75% simple interest for both underpayments and overpayments.

In addition, Missouri announced that its interest rate for underpayments will increase to 1.30% effective October 1, 2018.

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