N.Y. Tax Law § 187-n: Security training tax credit

* § 187-n. Security training tax credit. 1. Allowance of credit. A

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

section twenty-six of this chapter, against the tax imposed by this

article.

2. Application of credit. 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 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

shall be treated as an overpayment of tax to be refunded in accordance

with the provisions of section one thousand eighty-six of this chapter.

Provided, however, the provisions of subsection (c) of section one

thousand eighty-eight of this chapter notwithstanding, no interest shall

be paid thereon.

* NB There are 2 § 187-n's