§ 1520. Tax surcharge. (a) In addition to the tax imposed under\nsections fifteen hundred one and fifteen hundred ten of this article,\nthere is hereby imposed, (1) for taxable years ending after June\nthirtieth, nineteen hundred eighty-nine and before July first, nineteen\nhundred ninety a tax surcharge at the rate of two and one-half percent\nof the tax imposed pursuant to such sections fifteen hundred one and\nfifteen hundred ten of this article, as limited by section fifteen\nhundred five of this article, before deduction of any credits against\ntax otherwise allowable under this article for all or any part of such\ntaxable years, (2) for taxable years ending after June thirtieth,\nnineteen hundred ninety and before July first, nineteen hundred\nninety-four, and until such rate is superseded, a tax surcharge at the\nrate of fifteen percent of the tax imposed pursuant to such sections\nfifteen hundred one and fifteen hundred ten of this article, as limited\nby section fifteen hundred five of this article, after deduction of any\ncredits against tax otherwise allowable under this article, (3) for\ntaxable years ending after June thirtieth, nineteen hundred ninety-four\nand before July first, nineteen hundred ninety-five, and until such rate\nis superseded, a tax surcharge at the rate of ten percent of the tax\nimposed pursuant to such sections fifteen hundred one and fifteen\nhundred ten of this article, as limited by section fifteen hundred five\nof this article, after deduction of any credits against tax otherwise\nallowable under this article, (4) for taxable years ending after June\nthirtieth, nineteen hundred ninety-five and before July first, nineteen\nhundred ninety-six, and until such rate is superseded, a tax surcharge\nat the rate of five percent of the tax imposed pursuant to such sections\nfifteen hundred one and fifteen hundred ten of this article, as limited\nby section fifteen hundred five of this article, after deduction of any\ncredits against tax otherwise allowable under this article, and (5) for\ntaxable years ending after June thirtieth, nineteen hundred ninety-six\nand before July first, nineteen hundred ninety-seven, a tax surcharge at\nthe rate of zero percent of the tax imposed pursuant to such sections\nfifteen hundred one and fifteen hundred ten of this article, as limited\nby section fifteen hundred five of this article, after deduction of any\ncredits against tax otherwise allowable under this article. However, the\ntax surcharge imposed by this section at the rate of two and one-half\npercent shall not be imposed upon any taxpayer for more than twelve\nmonths, the tax surcharge imposed under this section at the rate of\nfifteen percent shall not be imposed on any taxpayer for more than\nforty-eight months, and the tax surcharges imposed by this section at\nthe rates of ten percent, five percent and zero percent shall not,\nrespectively, be imposed upon any taxpayer for more than twelve months,\nand the commissioner shall prescribe by regulation or instructions a\nmethod of proration designed to effectuate such result. The limitation\non tax provided for in section fifteen hundred five of this article\nshall not be applicable to the tax surcharge imposed by this section.\nThe credits against tax otherwise allowable under section fifteen\nhundred eleven of this article shall not be allowed as a credit against\nthe tax surcharge imposed by this section. A taxpayer which has made the\nelection provided for in section fifteen hundred two-a of this article\nshall nevertheless compute its tax under this section as if it computed\nits taxes pursuant to the provisions of sections fifteen hundred two and\nfifteen hundred ten of this article.\n (b) (1) The provisions concerning returns under section fifteen\nhundred fifteen of this article shall be applicable to this section,\nexcept that for purposes of an automatic extension for six months for\nfiling a return covering the taxes imposed by this article,
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