Treasury Sets 4.75% Late Payment Interest Rate
Published Date: 7/9/2026
Notice
Summary
Starting July 1, 2026, the interest rate for late payments to businesses by government agencies is set at 4.75% per year until December 31, 2026. This means if the government pays late for goods or services, they owe extra money based on this rate. Businesses get paid interest automatically, even if they don’t ask for it, so everyone knows when and how much extra cash is due.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
4.75% Rate for Late Government Payments
From July 1, 2026 through December 31, 2026, the interest rate for late payments by government agencies to businesses is 4.75% per year. If the government pays late for goods or services you provided, the extra money owed is computed at this 4.75% annual rate.
Automatic Interest Payments for Late Claims
If a government agency owes you money and pays late, the interest penalty must be paid to your business automatically even if you do not request it. The interest is calculated using the rate in effect when the agency accrues the obligation and runs from the day after the required payment date until the date payment is made.
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Key Dates
Department and Agencies
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