N.Y. Tax Law § 991: Interest accrual relief for additional tax attributable to newly-discovered abandoned property

§ 991. Interest accrual relief for additional tax attributable to

newly-discovered abandoned property. Notwithstanding any other provision

of law, in computing the interest due on an addition to tax owed by an

estate attributable to the inclusion in the estate's federal gross

estate of an asset held by the comptroller as abandoned property, the

commissioner shall apply the interest rate used by the comptroller,

pursuant to section fourteen hundred five of the abandoned property law,

in computing the interest due on such abandoned property while in the

comptroller's possession (including a zero rate if the comptroller did

not pay interest on such property) if, as of the date prescribed for the

filing of a return required by this article, including any extensions

granted for filing, information pertaining to the asset had not yet

appeared in the public records of abandoned property required to be

maintained by the comptroller pursuant to section fourteen hundred one

of the abandoned property law.