20 CRR-NY 48.2NY-CRR
20 CRR-NY 48.2
20 CRR-NY 48.2
48.2 Tax payments.
Question 76:
What is the rate of tax? Answer: Two percent of gross income or gross operating income, as the case may be.
Question 77:
When must the tax be paid? Answer: At the time the return is required to be filed.
Question 78:
What is the penalty for failure to file a return or pay a tax at the time required? Answer: For the first months delinquency five percent of the amount of the tax and one percent of such tax for each additional month or fraction thereof.
20 CRR-NY 48.2
Current through February 28, 2023
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.