2012 New York Consolidated Laws
TAX - Tax
Article 9-A - (208 - 219-A) FRANCHISE TAX ON BUSINESS CORPORATIONS
213 - Payment and lien of tax.

 
    §  213.  Payment  and lien of tax. 1. To the extent the tax imposed by
  section two hundred nine of this chapter shall not have been  previously
  paid pursuant to section two hundred thirteen-b of this chapter,
    a.  such  tax,  or  the  balance  thereof,  shall  be  payable  to the
  commissioner in full at the time the report is required to be filed, and
    b. such tax, or the balance thereof, imposed  on  any  taxpayer  which
  ceases  to exercise its franchise or to be subject to the tax imposed by
  this article shall be payable to the commissioner at the time the report
  is required to be filed, provided such tax  of  a  domestic  corporation
  which  continues to possess its franchise shall be subject to adjustment
  as the circumstances may require; all other taxes of any such  taxpayer,
  which  pursuant  to  the  foregoing  provisions  of  this  section would
  otherwise be payable subsequent to the time such report is  required  to
  be filed, shall nevertheless be payable at such time.
    2.  If any taxpayer, within the time prescribed by section two hundred
  eleven of this article, shall have applied for an automatic extension of
  time to file its annual report and shall have paid to  the  commissioner
  of  taxation and finance on or before the date such application is filed
  an amount properly estimated as  provided  by  said  section,  the  only
  amount  payable  in  addition  to  the  tax  shall  be  interest  at the
  underpayment rate set  by  the  commissioner  pursuant  to  section  one
  thousand  ninety-six of this chapter, or, if no rate is set, at the rate
  of six per centum per annum upon the amount by which  the  tax,  or  the
  portion thereof payable on or before the date the report was required to
  be  filed,  exceeds  the  amount  so paid. For purposes of the preceding
  sentence:
    a. an amount so paid shall be  deemed  properly  estimated  if  it  is
  either  (i)  not  less  than  ninety  per  centum  of the tax as finally
  determined, or (ii) not less than the tax shown on the taxpayer's report
  for the preceding taxable year, if such preceding  year  was  a  taxable
  year of twelve months; and
    b.  the time when a report is required to be filed shall be determined
  without regard to any extension of time for filing such report.
    3. The commissioner may grant  a  reasonable  extension  of  time  for
  payment  of  any tax imposed by this article under such conditions as he
  or she deems just and proper.