Timber Yield Tax – Interest Rates

The Timber Yield Tax requires that the interest rate shall be set equal to the underpayment rate established under Section 6621(a)(2) of the Internal Revenue Code, adjusted on a semiannual basis on January 1 and July 1 of each year. Interest shall accrue on a daily basis.

If you need assistance calculating the interest due, please contact us.

Period
Beginning – Ending
"Debit" Rate for Deficiencies "Credit" Rate for Refunds Daily Factor
07/01/21 – 12/31/21 3% 3% 0.0000821918
01/01/21 – 06/30/21 3% 3% 0.0000821918
07/01/20 – 12/31/20 5% 5% 0.0001369863
01/01/20 – 06/30/20 5% 5% 0.0001369863
07/01/19 – 12/31/19 6% 6% 0.0001643836
01/01/19 – 06/30/19 4% 4% 0.0001095890
07/01/18 – 12/31/18 4% 4% 0.0001095890
01/01/18 – 06/30/18 4% 4% 0.0001095890
07/01/17 – 12/31/17 4% 4% 0.0001095890
01/01/17 – 06/30/17 4% 4% 0.0001095890
07/01/16 – 12/31/16 3% 3% 0.0000821918
01/01/16 – 06/30/16 3% 3% 0.0000821918
07/01/15 – 12/31/15 3% 3% 0.0000821918
01/01/15 – 06/30/15 3% 3% 0.0000821918
07/01/14 – 12/31/14 3% 3% 0.0000821918
01/01/14 – 06/30/14 3% 3% 0.0000821918
07/01/13 – 12/31/13 3% 3% 0.0000821918
01/01/13 – 06/30/13 3% 3% 0.0000821918
07/01/12 – 12/31/12 3% 3% 0.0000821918
01/01/12 – 06/30/12 4% 4% 0.0001095890
07/01/11 – 12/31/11 3% 3% 0.0000821918
01/01/10 – 06/30/11 4% 4% 0.0001095890
07/01/09 – 12/31/09 5% 5% 0.0001369863
01/01/09 – 06/30/09 5% 5% 0.0001369863
07/01/08 – 12/31/08 7% 7% 0.0001917808
01/01/07 – 06/30/08 8% 8% 0.0002191781
07/01/06 – 12/31/06 7% 7% 0.0001917808
01/01/06 – 06/30/06 6% 6% 0.0001643836
07/01/05 – 12/31/05 5% 5% 0.0001369863
07/01/04 – 06/30/05 4% 4% 0.0001095890
07/01/03 – 06/30/04 5% 5% 0.0001369863
07/01/02 – 06/30/03 6% 6% 0.0001643836
01/01/02 – 06/30/02 7% 7% 0.0001917808
01/01/01 – 12/31/01 9% 9% 0.0002465753
  1. Applied daily when the tax payment is overdue or a refund is owed.