• New York State Enacts Brief Program to Eliminate up to 80% of Interest and Penalties on Older Tax Liabilities
  • December 23, 2009 | Author: David W. Bunning
  • Law Firm: Greenberg Traurig, LLP - New York Office
  • The New York State Department of Taxation and Finance (“Department”) recently enacted the “Penalty and Interest Discount” (PAID) program that will eliminate up to 80 percent of the interest and penalties for older tax liabilities. The program will begin January 15, 2010, and will run to March 15, 2010, the date by which payment in full must be made to receive the benefits of the program.