New York Codes, Rules and Regulations
Title 20 - DEPARTMENT OF TAXATION AND FINANCE
Chapter I - Franchise and Certain Business Taxes
Subchapter A - Business Corporation Franchise Tax
Part 5 - CREDITS AGAINST TAX
Subpart 5-3 - SECURITY TRAINING TAX CREDIT
Section 5-3.3 - Prorating the security training tax credit for security officers employed for less than a full year
Universal Citation: 20 NY Comp Codes Rules and Regs ยง 5-3.3
Current through Register Vol. 46, No. 12, March 20, 2024
(Tax Law, sections 26, 210-B(21))
(a) In the case of a qualified security officer who is employed for less than a full year, the amount of the security training tax credit is prorated.
(b) The prorated amount of the credit for a qualified security officer employed for less than a full year is computed as follows:
(1) ascertain the number of qualified
hours worked by the qualified security officer during the calendar year
(limited to 1,750 hours);
(2)
divide the number of hours by 1,750; and
(3) multiply the result by $3,000.
(c) This method of proration applies for purposes of the security training tax credit against the tax imposed by article 9-A, as well as the taxes imposed by articles 9, 22, and 33.
Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
