20 CRR-NY 654.5NY-CRR
20 CRR-NY 654.5
20 CRR-NY 654.5
654.5 Interest.
Tax Law, ยง 263
(a) Where the refund check is issued by the recording officer more than 90 days after the date that the application for such refund is received by the commissioner in processible form, interest amounting to $1 or more shall be allowed upon such refund.
(b) Where interest is to be paid on a refund as provided in subdivision (a) of this section, such interest shall accrue at the applicable rate as described in Part 653 of this Title, for each month or a fraction of a month for the period from the date the application for refund is received by the commissioner in processible form to a date preceding the date of the refund check by not more than 30 days.
20 CRR-NY 654.5
Current through September 30, 2022
| End of Document |
IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above 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 Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.