WASHINGTON -- Buried in the pending tax simplification bill is a provision that could cause budget and bond financing problems in 1992 for nearly two-thirds of the states and many localities, municipal officials and lobbyists, municipal officials and lobbyists say.

For New York City alone, the provision -- which would change a deadline for making estimated tax payments on indivuduals' federal income tax returns -- might imbalance the city's budget by more than $100 million and activate a state overseer, said Carol O'Cleireacain, the city's commissioner of finance.

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