Form Tsb-M-04(2)i - Supplemental Summary Of Personal Income Tax Legislative Changes Enacted 2004 -New York State Department Of Taxation And Finance Page 4

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TSB-M-04(2)I
Income Tax
February 25, 2004
See publication 51, Questions and Answers on New York State’s Farmers’ School Tax
Credit, and Publication 51.1, Update to Publication 51, for more information on the credit.
(Tax Law, section 606(n))
Abatement of interest attributable to misappropriated payments
The Tax Law was amended to authorize the Commissioner of Taxation and Finance to
abate interest with respect to misappropriated payments where a taxpayer’s payment is
misappropriated through no fault of the taxpayer or the department. (See TSB-M-03(6)C,
TSB-M-03(7)I, TSB-M-03(7)S, TSB-M-03(6)M, TSB-M-03(6)R, Legislative Amendment
Relating to the Abatement of Interest Attributable to Misappropriated Payments.
(Tax Law, section 3008(d))

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