New York's Penalty and Interest Discount Program (PAID)

New York's Penalty and Interest Discount ("PAID") program ends on March 15, 2010. The PAID program gives taxpayers with older unpaid bills the change to save up to 80% of the penalty and interest they owe.

To take advantage of the program's savings you must make all payments by the program's expiration date, March 15, 2010. If you do not pay in full by that date:

• your opportunity for these saving will be lost forever.
• any unpaid tax debts will continue to accrue interest at the full statutory rate.

Why PAID Is Good For Your Company.

You can save:

• 80% of accrued penalty and interest on unpaid bills issued on or before December 31, 2003.
• 50% of accrued penalty and interest on unpaid bills issued after December 31, 2003 and on or before December 31, 2006.
• Unpaid tax bills are bad for the company's credit rating and can lead to liens and other enforcement actions.
• The State is increasing its efforts to collect unpaid bills. If you act now and pay what you owe, you can take advantage of the savings and avoid collection action.