Instant Interest Release Notes Version 23.3.0.1

This release corrects a problem with the rates for the state of California. Here is a brief explanation:

  1. On November 22, 2022, California posted rates effective January 1, 2023, of 5% for underpayments and 2% for overpayments.
  2. On April 18, 2023, this change was deleted, so the most recent posted rate reverted to 3% for underpayments and 0% for overpayments. 
  3. On July 28, 2023, the earlier change was reposted along with a change effective July 1, 2023, of the underpayment rate to 7% and the overpayment rate to 5%.

Because we followed the April 18 posting, the 23.3.0.0 version deleted the change effective January 1. That change has been reinstated. In addition, the July 28 change was posted after the 23.3.0.0 version was created; that change has been added to this version.

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