The city will allow a waiver of penalties for real property transfer taxes it administers that are due between March 15 and April 25, according to Finance Memorandum 20-4, released Friday.
The request for the waiver can be made on a late-filed extension, on a return or in a separate request, the department said. Those who file extensions or returns, or make tax payments, won't be subject to late filing, late payment or underpayment penalties, the department said. It added that interest must still be paid on all tax payments received from the original due date to the date of payment.
Relief from city taxes is among several measures New York City officials have considered as part of a response to the COVID-19 pandemic.
--Editing by Robert Rudinger.
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