2023 New York Laws › TAX - Tax › Article 9 - Corporation Tax › 197-A - Declaration of Estimated Tax.

§  197-a.  Declaration of estimated tax.  1. Every taxpayer subject to
the taxes imposed under sections one  hundred  eighty-two,  one  hundred
eighty-two-a,  former  section  one  hundred  eighty-two-b,  one hundred
eighty-four, one hundred eighty-six-a or  one  hundred  eighty-six-e  of
this  article  shall  make  a  declaration  of its estimated tax for the
current taxable year, containing such information  as  the  commissioner
may  prescribe by regulations or instructions, if such estimated tax can
reasonably be expected to exceed one thousand dollars. If a taxpayer  is
subject   to  the  tax  surcharge  imposed  under  section  one  hundred
eighty-four-a or one hundred  eighty-six-c  of  this  article  and  such
taxpayer's  estimated  tax  under section one hundred eighty-four or one
hundred eighty-six-a of this article, respectively,  can  reasonably  be
expected to exceed one thousand dollars, such taxpayer shall also make a
declaration of its estimated tax surcharge for the current taxable year.
2.  The  terms  "estimated tax" and "estimated tax surcharge" mean the
amounts which the taxpayer estimates to be the taxes or tax  surcharges,
respectively,  imposed  by  the  sections  enumerated in subdivision one
hereof for the current taxable year, less the sum of any  credits  which
it  estimates  to  be  allowable  against  such taxes or tax surcharges,
respectively.
3. A declaration of estimated tax and a declaration of  estimated  tax
surcharge  shall  be  filed  on  or before June fifteenth of the current
taxable year in the case of a taxpayer which reports on the basis  of  a
calendar  year,  except  that  if the requirements of subdivision one of
this section are first met:
(a) after May thirty-first and before September first of such  current
taxable  year,  the  declaration  shall  be filed on or before September
fifteenth, or
(b) after August  thirty-first  and  before  December  first  of  such
current  taxable  year,  the  declaration  shall  be  filed on or before
December fifteenth.
4.  A  taxpayer  may  amend  a  declaration  of  estimated  tax  or  a
declaration  of  estimated tax surcharge under regulations prescribed by
the commissioner of taxation and finance.
5. If, on or before February fifteenth of the succeeding year  in  the
case  of  a  taxpayer  whose taxable year is a calendar year, a taxpayer
files its return for the year for which the declaration is required, and
pays therewith the balance, if any, of the full amount of the tax or tax
surcharge shown to be due on the return:
(a)  such  return  shall  be  considered  as  its  declaration  if  no
declaration  was  required to be filed during the taxable year for which
the tax or tax surcharge was imposed, but is otherwise  required  to  be
filed  on  or  before  December  fifteenth  pursuant to paragraph (b) of
subdivision three of this section, and
(b) such return shall be considered  as  the  amendment  permitted  by
subdivision  four  of  this  section  to  be filed on or before December
fifteenth if the tax or tax surcharge shown on  the  return  is  greater
than  the  estimated tax or estimated tax surcharge, as the case may be,
shown on a declaration previously made.
6. If the taxable period for which a tax or tax surcharge  is  imposed
under  any of the sections enumerated in subdivision one hereof is other
than twelve months, every taxpayer required to  make  a  declaration  of
estimated  tax  or  a  declaration  of  estimated tax surcharge for such
taxable period shall make such declaration in accordance with  rules  of
the commissioner.
7.  This section shall apply to taxable periods of twelve months other
than a calendar year by the substitution of the months  of  such  fiscal
year for the corresponding months specified in this section.
8. The tax commission may grant a reasonable extension of time, not to
exceed three months, for the filing of any declaration required pursuant
to this section, on such terms and conditions as it may require.