Instr Uctions For For M Nyc-Htx - Hotel Tax Quarterly Return Page 3
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4Instructions for Form NYC-HTX
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LINE 7 - TOTAL TAX COLLECTED
your claim should be attached to the return.
Enter the amount of tax collected or
Additional penalties may be imposed on any
required to be collected according to the
underpayment of the tax due to negligence
hotel’s books and records.
or fraud.
LINE 9 - REFUNDS AND/OR CREDITS
Officers of a corporate operator and
Enter the sum of the following and attach a
partners in a partnership that is an
schedule to the return and explain on a
operator are personally liable for the tax
rider:
collected or required to be collected by
a) any amount of tax paid to the
the corporation or partnership and are
Department of Finance in the preceding
subject to the above penalties.
period and refunded in the current
period to a person who has become a
LINE 18 - TOTAL REMITTANCE DUE
permanent resident;
Add lines 13, 16 and 17 to obtain the total
amount due. Make your check payable to
b) any amount of tax paid to the
the order of:
Department of Finance with respect to
rent which has been determined to be
NYC Department of Finance.
worthless, but only if the refund is
requested within one year from the date
of payment; and
c) any other credit allowable by law or
regulation, provided a detailed
explanation is attached to the return.
LINE 16 - INTEREST
If the tax is not paid on or before the due
date, interest must be paid on the amount of
the underpayment from the due date to the
date paid. For information as to the
applicable rate of interest call Taxpayer
Assistance at: (718) 935-6000. Interest
amounting to less than $1 need not be paid.
LINE 17 - PENALTY
a) If you fail to file a return when due, add
to the tax (less any payments made on
or before the due date) 5% for each
month or partial month the form is late,
up to 25%, unless the failure is due to
reasonable cause.
b) If the return is filed more than 60 days
late, the minimum late filing penalty will
be equal to the lesser of 1) $100 or 2)
100% of the amount required to be
shown an the return less any payment
or credits claimed.
c) If you fail to pay the tax shown on the
return by the prescribed filing date, add
to the tax (less any payments made)
1/2% for each month or partial month
the payment is late up to 25%, unless the
failure is due to reasonable cause.
d) The total of the additional charges in (a)
and (c) may not exceed 5% for any one
month except as provided in (b).
If you claim not to be liable for these
additional charges, a statement in support of
NYC-HTX, 8/2000
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