§ 1514. Payments of estimated tax. (a) First installment of estimated\ntax. (1) Except as otherwise provided in paragraph two of this\nsubdivision, for taxable years beginning on or after January first,\nnineteen hundred seventy-six, every taxpayer subject to tax under this\narticle must pay in each year an amount equal to (i) twenty-five percent\nof the tax imposed under this article for the second preceding taxable\nyear if the second preceding year's tax exceeded one thousand dollars\nbut was equal to or less than one hundred thousand dollars, or (ii)\nforty percent of the tax imposed under this article for the second\npreceding taxable year if the second preceding year's tax exceeded one\nhundred thousand dollars. If the second preceding year's tax exceeded\none thousand dollars and the taxpayer is subject to the tax surcharge\nimposed by section fifteen hundred five-a of this article, the taxpayer\nmust also pay an amount equal to (i) twenty-five percent of the tax\nsurcharge imposed under section fifteen hundred five-a of this article\nfor the second preceding taxable year if the second preceding year's tax\nwas equal to or less than one hundred thousand dollars, or (ii) forty\npercent of the tax surcharge imposed for the second preceding taxable\nyear if the second preceding year's tax exceeded one hundred thousand\ndollars.\n (2) For taxable years beginning on or after January first, nineteen\nhundred ninety-nine, every taxpayer subject to tax under paragraph one\nof subdivision (b) of section fifteen hundred ten of this article shall\npay in each such year an amount equal to forty percent of the tax\nimposed under such article for the second preceding taxable year, if\nsuch second preceding year's tax exceeded one thousand dollars. If such\nsecond preceding year's tax exceeded one thousand dollars and such\ntaxpayer is subject to the tax surcharge imposed by section fifteen\nhundred five-a of this article, such taxpayer shall also pay an amount\nequal to forty percent of the tax surcharge imposed under section\nfifteen hundred five-a of this article for the second preceding taxable\nyear.\n (3) Such amount or amounts described in paragraphs one and two of this\nsubdivision shall be paid with the return required to be filed with\nrespect to such tax or tax surcharge for the preceding taxable year or\nwith an application for extension of the time for filing such return,\nfor taxable years beginning before January first, two thousand sixteen,\nand shall be paid on or before the fifteenth day of the third month of\neach taxable year, for taxable years beginning on or after January\nfirst, two thousand sixteen.\n (b) Other installments. The estimated tax or estimated tax surcharge\nfor each taxable year with respect to which a declaration of estimated\ntax or a declaration of estimated tax surcharge, respectively, is\nrequired to be filed under this article shall be paid, in the case of a\ntaxpayer which reports on the basis of a calendar year, as follows:\n (1) If the declaration is filed on or before June fifteenth, the\nestimated tax or estimated tax surcharge shown thereon, after applying\nthereto the amount, if any, paid during the same taxable year pursuant\nto subdivision (a) of this section, shall be paid in three equal\ninstallments. One of such installments shall be paid at the time of the\nfiling of the declaration, one shall be paid on the following September\nfifteenth, and one on the following December fifteenth.\n (2) If the declaration is filed after June fifteenth and not after\nSeptember fifteenth of such taxable year, and is not required to be\nfiled on or before June fifteenth of such year the estimated tax or\nestimated tax surcharge shown on such declaration, after applying\nthereto the amounts, if any, paid during the same taxable year pursuant\nto subdivision (a) of this section, shall be paid in two equal\ninstallments. One of such installments shall be paid at the time of the\nfiling of the d
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