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Business and Excise Tax Interest Calculator


Under most circumstances, the Business and Excise Tax Interest Calculator will calculate the correct amount of interest to be paid. See Disclaimers and Liabilities for situations in which the calculator may not be able to compute the correct amount of interest.

Detailed description of how business and excise tax interest is determined.

Also see Other Resources for additional ways to obtain the correct amount of interest that you owe.

To calculate Business and Excise Tax Interest enter the following information:

1) Tax Type:
2) Balance Of Tax Due With Return($):
3a) Period End Date: (MM/DD/YYYY)
   OR  
  b) Original Return Due Date: (MM/DD/YYYY)
4) Anticipated Payment Date: (MM/DD/YYYY)
 
5) Interest due:


Disclaimers and Limitations of the Business and Excise Tax Interest Calculator.


PLEASE NOTE: The Department of Finance is not responsible for any data or system error.

In the following circumstances the online Business and Excise Tax Interest Calculator may not be able to accurately calculate how much interest you owe. In these circumstances see Other Resources, below.

  • If partial payments have been made after the due date of the tax return,
  • If you inadvertently enter incorrect or incomplete information,
  • If the Original Return Due Date is earlier than 2/24/1983,
  • For the Commercial Rent Tax, the calculator computes only the interest accrued from the due date of the annual return. This does not include interest on the quarterly returns, and
  • The current rate of interest is used to calculate interest for future periods for which the rate has not yet been set. If the interest rate increases or decreases, Finance may bill for the difference, or the taxpayer may seek a refund of the difference, once the final rate is established.

Other Resources


Alternatively, you may submit your business and excise tax return with payment of the principal amount of tax due, and the Department will bill you for the appropriate amount of interest.



Updated: 09/21/2011 3:30pm Top