N.Y. Comp. Codes R. & Regs. tit. 6 § 481.6

Current through Register Vol. 46, No. 45, November 2, 2024

Section 481.6 - Interest assessment for nonpayment

(a) A person failing to pay the department an annual program fee within 30 days of the last applicable date prescribed in section 481.3 of this Part must pay interest.

(b) Except for the method of assessing interest as described in section 72-0201(12) of the Environmental Conservation Law as that applies to operating permit program fees, the interest assessed under this section is based on the sum of the amount of the payment deficiency and any penalty relating to it. It is assessed at the underpayment rate set by the State Commissioner of Taxation and Finance according to section 1096 of the State Tax Law, as established in 20 NYCRR, section 603.3, as amended.

(c) Except for the method of assessing interest as described in section 72-0201(12) of the Environmental Conservation Law as that applies to operating permit program fees, the interest assessed under this section continues to accrue until payment in full, of the payment deficiency and any penalty assessed under section 481.5 of this Part, is actually made to the department.

(d) There is no provision for challenging interest assessed.

N.Y. Comp. Codes R. & Regs. Tit. 6 § 481.6