Instant Interest Release Notes Version 16.1.0.0

  1. Added a refund calculation method column to the rate file. Although the program previously supported calculating simple interest for refunds for the District of Columbia and Massachusetts vs. daily compounding for underpayments, the change makes this difference more evident on both the View Rates and Rate Maintenance panels.
  2. Rate change for the following jurisdictions effective January 1, 2016:
    • Alaska – 4.000% for both underpayments and overpayments;
    • Indiana – 2.000% for both underpayments and overpayments; and
    • Texas – 4.500% for underpayments and 0.634% for overpayments.
  3. A new version of the “Analyze Installation” that checks shortcuts for synchronization with the Instant Interest registry and initialization file settings.
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