N.Y. Tax Law § 187-n

* § 187-n. Security training tax credit. 1. Allowance of credit. A\ntaxpayer shall be allowed a credit, to be computed as provided in\nsection twenty-six of this chapter, against the tax imposed by this\narticle.\n ** 2. Application of credit. In no event shall the credit under this\nsection be allowed in an amount which will reduce the tax payable to\nless than the applicable minimum tax fixed by section one hundred\neighty-three or one hundred eighty-five of this article. If, however,\nthe amount of credit allowable under this section for any taxable year\nreduces the tax to such amount, any amount of credit not deductible in\nsuch taxable year shall be treated as an overpayment of tax to be\nrefunded in accordance with the provisions of section one thousand\neighty-six of this chapter. Provided, however, the provisions of\nsubsection (c) of section one thousand eighty-eight of this chapter\nnotwithstanding, no interest shall be paid thereon.\n ** NB Effective until January 1, 2018\n ** 2. Application of credit. In no event shall the credit under this\nsection be allowed in an amount which will reduce the tax payable to\nless than the applicable minimum tax fixed by section one hundred\neighty-three of this article. If, however, the amount of credit\nallowable under this section for any taxable year reduces the tax to\nsuch amount, any amount of credit not deductible in such taxable year\nshall be treated as an overpayment of tax to be refunded in accordance\nwith the provisions of section one thousand eighty-six of this chapter.\nProvided, however, the provisions of subsection (c) of section one\nthousand eighty-eight of this chapter notwithstanding, no interest shall\nbe paid thereon.\n ** NB Effective January 1, 2018\n * NB There are 2 § 187-n's\n