2012 New York Consolidated Laws
TAX - Tax
Article 9 - (180 - 207-B) CORPORATION TAX
187-C - Biofuel production credit.

 
    §  187-c.  Biofuel  production  credit.  A taxpayer shall be allowed a
  credit to be computed  as  provided  in  section  twenty-eight  of  this
  chapter,  as  added  by  part  X of chapter sixty-two of the laws of two
  thousand six,  against  the  tax  imposed  by  this  article.  Provided,
  however,  that the amount of such credit allowed 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. 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  one
  hundred  eighty-five  of  this  article.  If, however, the amount of the
  credit allowed under this section for any taxable year reduces  the  tax
  to  such amount, the excess shall be treated as an overpayment of tax to
  be credited or refunded in accordance with the provisions of section six
  hundred 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. The tax credit
  allowed pursuant to this section shall apply to taxable years  beginning
  before January first, two thousand twenty.