WTC Records Folder 0124 Clippings label, Sept 2001

NYC 9/11 Public Portal Document

FINANCE DEPARTMENT OF FINANCE NEW•YORK THE CITY OF NEW YORK DEPARTMENT OF FINANCE 01-4 September 14, 2001

FINANCE MEMORANDUM

Emergency Extensions of Filing and Payment Due Dates Relating to the World Trade Center Disaster

The New York City Department of Finance recognizes that many taxpayers and return preparers in the World Trade Center area may be unable to meet certain New York City filing and payment deadlines. As a result, the Department is providing the following relief:

General Corporation Tax, Unincorporated Business Tax and Banking Corporation Tax

Taxpayers whose General Corporation Tax ("GCT"), Unincorporated Business Tax ("UBT") or Banking Corporation Tax ("Bank Tax") returns are due September 17, 2001, October 15, 2001 or November 15, 2001 and who cannot meet these deadlines due to the disaster, may file and pay any tax due on or before December 17, 2001. Any such filings and payments will be considered timely and no late filing or late payment penalties will be imposed.

GCT, UBT and Bank Tax taxpayers whose returns are due on September 17, October 15, or November 15, 2001 and who cannot meeting the extended December 17, 2001 due date may request an additional extension of time by filing the appropriate form NYC-6, NYC-6.1, NYC-62, NYC-64, NYC-6B or NYC- 6.1B on or before December 17, 2001 and paying the appropriate amount of tax estimated to be due.

GCT, UBT and Bank Tax taxpayers who previously received extensions of time to file and cannot file on an extended due date of September 17, October 15, or November 15, 2001 and are precluded by law from receiving additional extensions, may file on or before December 17, 2001 and will be deemed to have reasonable cause for such late filing. In addition, any such taxpayer will be deemed to have reasonable cause for any late payment accompanying a return filed on or before December 17, 2001, provided the return is accompanied by a payment of the tax reported to be due.

GCT, UBT and Bank Tax taxpayers who cannot file declarations of estimated tax required to be made on September 17, October 15, or November 15, 2001, may file such declarations on or before December 17, 2001. Taxpayers making any such declaration on or before December 17, 2001 will be deemed to have filed such declarations on the original due date and will not be subject to penalties.

NYC-WTC 000137202