N.Y. Tax Law § 217: Penalties

§ 217. Penalties. 1. If any taxes, penalties or interest due under

this article are not paid, or any report required is not filed, and the

tax commission is satisfied that the failure to make such payment or

file such report is intentional, it may so report to the

attorney-general, who shall immediately bring an action in the name of

the people of the state, for the forfeiture of the charter or franchise

of any corporation failing to make such payment, or file such report,

and if it be found that such failure was intentional, judgment shall be

rendered in such action for the forfeiture of such charter and for its

dissolution if a domestic corporation and if a foreign corporation for

the annulment of its franchise to do business in this state.

2. Whenever any corporation has failed to file an annual report for a

period of two consecutive years or has been delinquent in the payment of

taxes for any two years duly assessed pursuant to this article or

article nine-a of the tax law heretofore in effect, all the authority

and powers conferred on the tax commission and the secretary of state by

section two hundred three-a of this chapter and all of the provisions of

such section shall have full force and effect in respect of and shall be

applicable to such corporation.

3. Whenever any foreign corporation has failed to file an annual

report or has been delinquent in the payment of taxes duly assessed

pursuant to this article for the periods of time specified in

subdivision two of this section, all the authority and powers conferred

on the tax commission and the secretary of state by section two hundred

three-b of this chapter and all of the provisions of such section shall

have full force and effect in respect of and shall be applicable to such

corporation.