§ 37 — Extensions of time

§ 37. Extensions of time.--(a) General.--The administrator may grant\na reasonable extension of time for payment of tax or estimated tax (or\nany installment), or for filing any return, declaration, statement, or\nother document required pursuant to this local law, on such terms and\nconditions as he may require. Except for a taxpayer who is outside the\nUnited States, no such extension for filing any return, declaration,\nstatement or other document, shall exceed six months.\n (b) Furnishing of security.--If any extension of time is granted for\npayment of any amount of tax, the administrator may require the taxpayer\nto furnish a bond or other security in an amount not exceeding twice the\namount for which the extension of time for payment is granted, on such\nterms and conditions as the administrator may require.\n