§ 1-15 Installment Payments.
RCNY § 1-15
(a)General. An amnesty installment payment plan is available if the payment of tax and interest in full pursuant to 19 RCNY § 1-14, supra, would create a severe financial hardship.
(b)Application for installment payments. To apply for permission to pay under an amnesty installment payment plan the taxpayer must: (1) submit a statement certifying under penalties of perjury the fact that full payment would create a severe financial hardship and setting forth the reasons therefor; (2) pay at least 50 percent of the designated tax plus interest upon application; and (3) submit a written agreement signed by the taxpayer extending the period for assessing the designated tax.
(c)Payment terms.
(1)Fifty percent of the designated tax plus interest is due upon application. When amnesty is granted, the Commissioner of Finance will issue a statement providing that the balance is to be paid in two equal installments, in 30 day intervals from the date of initial payment.
(2)The Commissioner of Finance will issue a bill at the end of the payment period specified in the statement described in paragraph (1) of this subdivision for any amount still due.
(3)The taxpayer must pay any remaining amount due by the end of the amnesty period or by the date stated on the bill, if later, or amnesty will be denied.
