New York: New York City Finance Department Publishes Second Quarter Interest Rate on Tax Underpayments

The New York City Department of Finance published the second quarter interest rate for tax underpayments. The interest rate is 11 percent from April 1 to June 30 for the general corporation tax, unincorporated business tax, banking corporation tax, and business corporation tax. [N.Y.C. Dep’t of Fin., Interest Rates on Tax Underpayments, 03/01/25]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.