20 NYCRR § 5-3.3
Prorating the security training tax credit for security officers
employed for less than a full year. (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.
Source: official source document (DTF adopted rule text, December 2023 corporate reform)
In this part (8 sections)
- 5-1.1 · General
- 5-1.2 · Qualified and nonqualified tangible personal property
- 5-1.3 · Meaning of other terms
- 5-1.4 · Re-computation of investment tax credit on property disposed of…
- 5-2.1 · Employment incentive tax credit
- 5-3.1 · General
- 5-3.2 · Definitions for purposes of the security training tax credit
- 5-3.3 · Prorating the security training tax credit for security officers