§ 67 — Payment of tax and penalties

§ 67. Payment of tax and penalties. 1. The taxes imposed by sections\nsixty-one and sixty-two of this part shall be due and payable at the\ntime of filing the report required by section sixty-six, or, in case\nsuch a report is not filed when due, on the last day specified for the\nfiling thereof, except that the tax upon dividends imposed by section\nsixty-two of this part shall be due and payable at the time of filing\nthe report for the period ending June thirtieth, or, in case such report\nis not filed when due, on the last day specified for the filing thereof.\n 2. Where an application for consent to dissolution, as provided by\nsection one hundred five of the stock corporation law or section one\nthousand four of the business corporation law, is filed with the\ndirector of finance prior to the commencement of any tax year or period,\nby a corporation subject to tax under this part, such corporation shall\nnot be liable for any tax imposed by this part for such following year\nor period (except as may be otherwise provided in section sixty-three),\nprovided that the certificate of dissolution for such corporation is\nduly filed in the office of the secretary of state within twenty days\nafter the filing of such application.\n 3. Notwithstanding any other provision of this part, the director of\nfinance may grant a reasonable extension of time for payment of any tax\nimposed by this part under such conditions as he deems just and proper.\n