Interest rate legislation clears Senate committee

BOISE — Prejudgment interest rates allowed in state code could be dropped to 7.5 percent from the current 12 percent if a bill currently under consideration at the Legislature gets amended and becomes law.

 That measure, sponsored by Sen. John Goedde, R-Coeur d’Alene, cleared the Senate Commerce and Human Resources Committee Thursday.

The bill was unanimously sent to the Idaho Senate’s amending order with the idea that the 7.5 percent may be added to Senate Bill 1282, and that an addition to current law would be deleted.

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