N.Y. Tax Law § 1513: Declarations of estimated tax

§ 1513. Declarations of estimated tax. (a) Requirements of

declaration.--Every taxpayer subject to the taxes imposed under this

article shall make a declaration of its estimated tax for the current

taxable year, containing such information as the commissioner of

taxation and finance 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 by

section fifteen hundred five-a and such taxpayer's estimated tax under

this article can (without regard to section fifteen hundred five-a

thereof) 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.

(b) Definition of estimated tax and estimated tax surcharge. The terms

"estimated tax" and "estimated tax surcharge" mean the amounts which the

taxpayer estimates to be the taxes imposed by sections fifteen hundred

one, fifteen hundred two-a and fifteen hundred ten of this article or

the tax surcharge imposed by section fifteen hundred five-a of this

article, respectively, for the current taxable year, less the sum of any

credits which it estimates to be allowable against such taxes or tax

surcharge, respectively.

(c) Time of filing declaration.--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 (a) of this section are first met:

(1) after May thirty-first and before September first of such current

taxable year the declaration shall be filed on or before September

fifteenth, or

(2) after August thirty-first and before December first of such

current taxable year, the declaration shall be filed on or before

December fifteenth.

(d) Amendments of declaration.--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.

(e) Return as declaration. 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

(1) 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 two of

subdivision (c) of this section, and

(2) such return shall be considered as the amendment permitted by

subdivision (d) 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.

(f) Short taxable period. If the taxable period for which a tax or tax

surcharge is imposed under this article is less 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 of

taxation and finance.

(g) Fiscal year. The provisions of this section shall apply to taxable

years of twelve months other than a calendar year by the substitution of

the months of such fiscal year for the corresponding months specified in

such provisions.

(h) Extension of time. 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.