N.Y. Comp. Codes R. & Regs. Tit. 20 §§ 7-1.1

Current through Register Vol. 46, No. 36, September 4, 2024

Section 7-1.1 - Time for payment of tax

(Tax Law, sections 213(1) and (3), 1091)

(a) The tax imposed by article 9-A is payable to the department in full at the time the report is required to be filed. The time when the payment is required to be made is determined without regard to any extension of time for filing such report.

(b) The Commissioner may grant a reasonable extension of time for payment of the tax upon receipt of a written request from the taxpayer giving complete information as to the reasons for its inability to make payment of the tax on or before the prescribed due date. Interest must be paid on any balance due from the original due date of the report, without regard to any extension, to the date of payment.

N.Y. Comp. Codes R. & Regs. Tit. 20 §§ 7-1.1

Adopted New York State Register December 27, 2023/Volume XLV, Issue 52, eff. 12/27/2023