Interest Rates
Tax underpayments will have interest applied to them daily. The rates below apply to tax underpayments of income and excise taxes including General Corporation Tax (GCT), Unincorporated Business Tax (UBT) and Banking Corporation Tax (BCT).
| Interest Rates for NYC Income & Excise Taxes | | October 1, 2011 | through | June 30, 2013 | 7½% | | April 1, 2011 | through | September 30, 2011 | 8% | | January 1, 2011 | through | March 31, 2011 | 7½% | | July 11, 2009 | through | December 31, 2010 | 8% | | April 1, 2009 | through | July 10, 2009 | 6% | | January 1, 2009 | through | January 1, 2009 | 7% | | October 1, 2008 | through | December 31, 2008 | 8% | | July 1, 2008 | through | September 30, 2008 | 7% | | April 1, 2008 | through | June 30, 2008 | 8% | | January 1, 2008 | through | March 31, 2008 | 9% | | July 1, 2006 | through | December 31, 2007 | 10% | | October 1, 2005 | through | June 30, 2006 | 9% | | April 1, 2005 | through | September 30, 2005 | 8% | | October 1, 2004 | through | March 31, 2005 | 7% | | July 1, 2004 | through | September 30, 2004 | 6% | | April 1, 2004 | through | June 30, 2004 | 7% | | October 1, 2003 | through | March 31, 2004 | 6% | | July 1, 2003 | through | September 30, 2003 | 7% | | January 1, 2002 | through | June 30, 2003 | 6% | | July 1, 2001 | through | December 31, 2001 | 7% | | April 1, 2001 | through | June 30, 2001 | 8% | | April 1, 2000 | through | March 31, 2001 | 9% | | April 1, 1999 | through | March 31, 2000 | 8% | | January 1, 1999 | through | March 31, 1999 | 7% | | April 1, 1998 | through | December 31, 1998 | 8% |
Notice of Interest Rates
2013 Notice of Interest Rates on New York City Income and Excise Taxes and Annual Vault Charge (for the period April 1, 2013 through June 30, 2013)
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Notice of Interest Rates on New York City Income and Excise Taxes and Annual Vault Charge (for the period January 1, 2013 through March 31, 2013)
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Interest Rates on Tax Underpayments
