New York—Multiple Taxes: Quarterly Interest Rates Applicable to Overpayment and Underpayment of Tax Published,(

02 May 2019

The New York Department of Taxation has published quarterly interest rates applicable to overpayment and underpayment of tax for the period July 1, 2019 through September 30, 2019. The interest rate for refunds for all tax types is 4%. The interest rate for late payments and assessments for income tax, estate tax, generation-skipping transfer tax and metropolitan commuter transportation mobility tax is 7.5%. Further, the interest rate for late payments and assessments for sales and use tax is 14.5% and for hazardous waste tax is 15%. For all other tax types, the interest rate for late payments and assessments is 9%. Finally, the interest rate for late payments and assessments for wireless communications surcharge is 14.5%.

Subscribers can find the complete rate list with tax types at https://www.tax.ny.gov/pay/all/int_curr.htm.

Publication, New York Department of Taxation and Finance, April 2019