New York City Finance Department Announces Interest Rate for Underpayments, Overpayments of Taxes

May 20, 2019, 8:58 PM UTC

The New York City Department of Finance May 1 announced interest rates applicable to overpayments and underpayments of corporate income and municipal excise taxes for the third quarter of 2019. For the period July 1 through Sept. 30 the interest rate is 4 percent on overpayments and 9 percent on underpayments. [N.Y.C. Dep’t of Fin., Notice of Interest Rates, 05/01/19]

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