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Economics2h 5m ago
The New York Department of Taxation and Finance announced that the interest rate applicable to tax underpayments for income and excise taxes will be 11 percent, effective July 1, through Sept. 30, 2026.
New York
Who
New York Department of Taxation and Finance
What
The New York Department of Taxation and Finance announced that the interest rate applicable to tax underpayments for income and excise taxes will be 11 percent, effective July 1, through Sept. 30, 2026.
When
Wed, 10 Jun 2026 20:33:20 GMT · 2h 5m ago
Where
New York ·
Why
The rate applies to daily-compounded interest on underpayments of the General Corporation Tax (GCT), Unincorporated Business Tax (UBT), Banking Corporation Tax (BCT), and Business Corporation Tax.
The Frontline Impact
How this affects you
Businesses operating in New York will face an 11% interest rate on underpaid taxes for the third quarter of 2026, which could increase their liabilities.
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