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State Tax Day: Multiple Taxes: Governor Signs Amnesty Measure

December 9, 2009 • Posted By • News

New York Gov. David Paterson signed tax amnesty legislation (Ch. 501 (A.B. 21), Laws 2009, Fourth Special Session) on December 4, 2009, that authorizes the PAID (Penalty and Interest Discount) program. The measure allows the Department of Taxation and Finance to administer an accounts receivable discount program, for certain outstanding tax, fee, or surcharge liabilities, that are or were imposed under the Tax Law and administered by the department.

The program will begin January 15, 2010, for eligible taxpayers, and requires such taxpayers to make all payments by the program's expiration date on March 15, 2010. Under the program, taxpayers are liable for 80% of accrued penalty and interest on unpaid bills that were issued on or before December 31, 2003, or 50% of accrued penalty and interest on unpaid bills that were issued after December 31, 2003, and on or before December 31, 2006. In January 2010, the department will mail letters to taxpayers who qualify for the PAID discounts. As of January 15, 2010, taxpayers will be able to use the department's Web site (http://www.tax.state.ny.us) to participate in the program.

Ch. 501 (A.B. 21), Laws 2009, effective December 4, 2009; Release, New York Department of Taxation and Finance, December 4, 2009.