§ 197-a. Declaration of estimated tax. 1. Every taxpayer subject to
the taxes imposed under sections one hundred eighty-two, one hundred
eighty-two-a, former section one hundred eighty-two-b, one hundred
eighty-four, one hundred eighty-six-a or one hundred eighty-six-e of
this article shall make a declaration of its estimated tax for the
current taxable year, containing such information as the commissioner
may prescribe by regulations or instructions, if such estimated tax can
reasonably be expected to exceed one thousand dollars. If a taxpayer is
subject to the tax surcharge imposed under section one hundred
eighty-four-a or one hundred eighty-six-c of this article and such
taxpayer's estimated tax under section one hundred eighty-four or one
hundred eighty-six-a of this article, respectively, can reasonably be
expected to exceed one thousand dollars, such taxpayer shall also make a
declaration of its estimated tax surcharge for the current taxable year.

2. The terms "estimated tax" and "estimated tax surcharge" mean the
amounts which the taxpayer estimates to be the taxes or tax surcharges,
respectively, imposed by the sections enumerated in subdivision one
hereof for the current taxable year, less the sum of any credits which
it estimates to be allowable against such taxes or tax surcharges,
respectively.

3. A declaration of estimated tax and a declaration of estimated tax
surcharge shall be filed on or before June fifteenth of the current
taxable year in the case of a taxpayer which reports on the basis of a
calendar year, except that if the requirements of subdivision one of
this section are first met:

(a) after May thirty-first and before September first of such current
taxable year, the declaration shall be filed on or before September
fifteenth, or

(b) after August thirty-first and before December first of such
current taxable year, the declaration shall be filed on or before
December fifteenth.

4. A taxpayer may amend a declaration of estimated tax or a
declaration of estimated tax surcharge under regulations prescribed by
the commissioner of taxation and finance.

5. If, on or before February fifteenth of the succeeding year in the
case of a taxpayer whose taxable year is a calendar year, a taxpayer
files its return for the year for which the declaration is required, and
pays therewith the balance, if any, of the full amount of the tax or tax
surcharge shown to be due on the return:

(a) such return shall be considered as its declaration if no
declaration was required to be filed during the taxable year for which
the tax or tax surcharge was imposed, but is otherwise required to be
filed on or before December fifteenth pursuant to paragraph (b) of
subdivision three of this section, and

(b) such return shall be considered as the amendment permitted by
subdivision four of this section to be filed on or before December
fifteenth if the tax or tax surcharge shown on the return is greater
than the estimated tax or estimated tax surcharge, as the case may be,
shown on a declaration previously made.

6. If the taxable period for which a tax or tax surcharge is imposed
under any of the sections enumerated in subdivision one hereof is other
than twelve months, every taxpayer required to make a declaration of
estimated tax or a declaration of estimated tax surcharge for such
taxable period shall make such declaration in accordance with rules of
the commissioner.

7. This section shall apply to taxable periods of twelve months other
than a calendar year by the substitution of the months of such fiscal
year for the corresponding months specified in this section.

8. The tax commission may grant a reasonable extension of time, not to
exceed three months, for the filing of any declaration required pursuant
to this section, on such terms and conditions as it may require.