N.Y. Tax Law Section 207
Limitation of time

The provisions of the civil practice law and rules relative to the limitation of time of enforcing a civil remedy shall not apply to any proceeding or action taken to levy, appraise, assess, determine or enforce the collection of any tax or penalty prescribed by this article, and this section shall be construed as having been in effect as of the date of the original enactment of the corporation tax law, provided, however, that as to real estate in the hands of persons who are owners thereof who would be purchasers in good faith but for such tax or penalty and as to the lien on real estate of mortgages held by persons who would be holders thereof in good faith but for such tax or penalty, all such taxes and penalties shall cease to be a lien on such real estate as against such purchasers or holders after the expiration of ten years from the date such taxes became due and payable. The limitations herein provided for shall not apply to any transfer from a corporation to a person or corporation with intent to avoid payment of any taxes, or where with like intent the transfer is made to a grantee corporation, or any subsequent grantee corporation controlled by such grantor or which has any community of interest with it, either through stock ownership or otherwise. Nothing herein shall affect any action or proceeding now actually pending to enforce the collection of such tax or penalty from such real estate.

Source: Section 207 — Limitation of time, https://www.­nysenate.­gov/legislation/laws/TAX/207 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

182
Additional franchise tax on certain oil companies 182‑A
Franchise tax on certain oil companies 183
Franchise tax on transportation and transmission corporations and associations 183‑A
Metropolitan transportation business tax surcharge on transportation and transmission corporations and associations 184
Additional franchise tax on transportation and transmission corporations and associations 184‑A
Additional metropolitan transportation business tax surcharge on transportation and transmission corporations and associations services 186‑A
Tax on the furnishing of utility services 186‑C
Metropolitan transportation business tax surcharge on utility services and excise tax on sale of telecommunication services 186‑D
Transportation business tax on utility services in Erie county 186‑E
Excise tax on telecommunication services 186‑F
Public safety communications surcharge 186‑G
Wireless communications surcharge authorized 187
Credit for special additional mortgage recording tax 187‑A
Credit for employment of persons with disabilities 187‑B
Alternative fuels and electric vehicle recharging property credit 187‑C
Biofuel production credit 187‑D
Green building credit 187‑E
Credit for transportation improvement contributions 187‑F
Order of credits 187‑G
Brownfield redevelopment tax credit 187‑H
Remediated brownfield credit for real property taxes for qualified sites 187‑I
Environmental remediation insurance credit 187‑N
Security training tax credit 187‑N*2
Fuel cell electric generating equipment expenditures credit 187‑O
Temporary deferral nonrefundable payout credit 187‑P
Temporary deferral refundable payout credit 187‑Q
Utility COVID-19 debt relief credit 187‑R
Commercial security tax credit 188
Tax surcharge 189‑B
Tax surcharge 190
Long-term care insurance credit 191
Receivers, etc 192
Reports of corporations 193
Extension of time for filing report 194
Further requirements as to reports of corporations 197
Payment of tax and penalties 197‑A
Declaration of estimated tax 197‑B
Payments of estimated tax 197‑C
Applicability of section one hundred eighty-two-a 197‑D
The provisions of article twenty-seven of this chapter which pertain to declarations and payments of estimated taxes shall be applicable ... 202
Secrecy required of officials 203
Collection of taxes 203‑A
Dissolution of delinquent business corporations 203‑B
Annulment of authority to do business by foreign corporations 204
Reports to be made by the secretary of state 205
Deposit of moneys collected from taxes imposed by sections one hundred eighty-three and one hundred eighty-four of this chapter 206
Deposit and disposition of revenue 207
Limitation of time 207‑A
Exemption of corporations owned by a municipality 207‑B
Practice and procedure for taxable years ending on or after December thirty-first, nineteen hundred sixty-four
Green check means up to date. Up to date

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 207’s source at nysenate​.gov

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