Motor Fuels Interest Rate
On or before June 1 and December 1 of each year, the Secretary of Revenue establishes the interest rate to be in effect during the six-month period beginning on the next succeeding July 1 and January 1, respectively. The rate applies to refunds and assessments. G.S. 105-241.21
Disclaimer: The interest rates shown here do not apply to IFTA. See IFTA Annual Interest Rates.
7% Interest Rate
for January 1, 2023 through December 31, 2023
Interest rates for periods before January 1, 2023 are as follows:
|
Rate
|
Period
|
|---|---|
|
5%
|
July 1, 2019 through December 31, 2022 |
|
6%
|
January 1, 2019 through June 30, 2019 |
|
5%
|
July 1, 2008 through December 31, 2018 |
|
7%
|
January 1, 2008 through June 30, 2008 |
|
8%
|
January 1, 2007 through December 31, 2007 |
|
7%
|
January 1, 2006 through December 31, 2006 |
|
5%
|
July 1, 2003 through December 31, 2005 |
|
6%
|
January 1, 2002 through June 30, 2003 |
|
8%
|
January 1, 1999 through December 31, 2001 |