New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LXXII - Natural Heritage Trust
Part 9500 - Prompt Payment Of Bills
Section 9500.5 - Computation of interest payment
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 9500.5
Current through Register Vol. 46, No. 12, March 20, 2024
(a) Interest shall be paid for the period beginning on the day after the required payment date and ending on the date on which payment is made.
(b) Interest under this Part shall be computed at the daily rate in effect on the day the interest is paid, as set by the State Tax Commissioner for corporate taxes pursuant to section 1096(e)(1) of the Tax Law.
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