§ 1142. General powers of the tax commission. In addition to the\npowers granted to the tax commission in this article, it is hereby\nauthorized and empowered:\n 1. To make, adopt and amend rules and regulations appropriate to the\ncarrying out of this article and the purposes thereof;\n 2. To extend, for cause shown, the time of filing any return or report\nfor a period not exceeding three months; and for cause shown, to remit\npenalties but not interest computed at the rate of six percent per\nannum;\n 3. To delegate its functions hereunder to a deputy commissioner of\ntaxation and finance or any employee or employees of the department of\ntaxation and finance;\n 4. To prescribe methods for determining the amount of receipts,\namusement charges, dues or rents and for determining which of them are\ntaxable and which are nontaxable;\n 5. To require any person required to collect tax to keep detailed\nrecords of all receipts, amusement charges, dues or rents received,\ncharged or accrued, including those claimed to be nontaxable, and also\nof the nature, type, value and amount of all purchases, sales, services\nrendered, admissions, memberships, occupancies, names and addresses of\ncustomers, and other facts relevant in determining the amount of tax due\nand to furnish such information upon request to the tax commission;\n 6. To assess, determine, revise and readjust the taxes imposed by this\narticle;\n 7. To publish and maintain, as it deems necessary, lists of specific\nitems of tangible personal property which are found to be foods and\ndrugs exempt from tax under paragraphs (1) and (3) of section eleven\nhundred fifteen. Assistance and cooperation in the formulation of such\nlists shall be provided by the department of health upon request by the\ntax commission.\n 8. To make such provision as it deems necessary for the joint\nadministration of the state and local taxes imposed by this article and\nauthorized by article twenty-nine of the tax law, including the joint\nreporting, assessment, collection, determination and refund of such\ntaxes, and for that purpose to prescribe by regulation that any of the\ncommission's functions under said articles, and any returns, forms,\nstatements, documents or information to be submitted to the commission\nunder said articles, any books and records to be kept for purposes of\nthe taxes imposed or authorized by said articles, any schedules of\namounts to be collected under said articles, any registration required\nunder said articles, and the payment of taxes under said articles shall\nbe on a joint basis with respect to the taxes imposed by said articles.\n 9. To set the overpayment and underpayment rates of interest for\npurposes of sections eleven hundred thirty-nine and eleven hundred\nforty-five of this part. Such rates shall be the overpayment and\nunderpayment rates of interest set pursuant to subsection (e) of section\none thousand ninety-six of this chapter, but the underpayment rate shall\nnot be less than seven and one-half percent per annum. Any such rates\nset by the commissioner shall apply to taxes, or any portion thereof,\nwhich remain or become due or overpaid on or after the date on which\nsuch rates become effective and shall apply only with respect to\ninterest computed or computable for periods or portions of periods\noccurring in the period during which such rates are in effect. In\ncomputing the amount of any interest required to be paid under this\narticle by the commissioner or by the taxpayer, or any other amount\ndetermined by reference to such amount of interest, such interest and\nsuch amount shall be compounded daily. The preceding sentence shall not\napply for purposes of computing the amount of any interest for failure\nto pay estimated tax under subparagraph (iv) of paragraph one of\nsubdivision (a) of section eleven hundred forty-five of this part.\n 10. To delegate from time to time and in whole or in part, when it\ndeems it to be in the best
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