N.Y. Tax Law § 187-d: Green building credit

§ 187-d. Green building credit. 1. Allowance of credit. A taxpayer

shall be allowed a credit, to be computed as provided in section

nineteen of this chapter, against the taxes imposed by sections one

hundred eighty-three, one hundred eighty-four and former section one

hundred eighty-six of this article. Provided, however, that the amount

of such credit allowable against the tax imposed by section one hundred

eighty-four of this article shall be the excess of the amount of such

credit over the amount of any credit allowed by this section against the

tax imposed by section one hundred eighty-three of this article.

2. Carryovers. In no event shall the credit under this section be

allowed in an amount which will reduce the tax payable to less than the

applicable minimum tax fixed by section one hundred eighty-three or

former section one hundred eighty-six of this article. If, however, the

amount of credit allowable under this section for any taxable year

reduces the tax to such amount, any amount of credit not deductible in

such taxable year may be carried over to the following year or years and

may be deducted from the taxpayer's tax for such year or years.