N.Y. Comp. Codes R. & Regs. tit. 20 § 48.2

Current through Register Vol. 46, No. 51, December 18, 2024

Section 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.

N.Y. Comp. Codes R. & Regs. Tit. 20 § 48.2