2012 New York Consolidated Laws
TAX - Tax
Article 9 - (180 - 207-B) CORPORATION TAX
187-Q - Excelsior jobs program credit.

 
    §  187-q.  Excelsior  jobs  program credit. (a) Allowance of credit. A
  taxpayer will be allowed a credit, to be computed as provided in section
  thirty-one of this chapter, against  the  tax  imposed  by  section  one
  hundred eighty-five of this article.
    (b)  Application  of credit. The credit allowed under this section for
  any taxable year may not reduce the tax due for such year to  less  than
  the  minimum tax fixed in this article. However, if the amount of credit
  allowed under this section for any taxable year reduces the tax to  such
  amount,  any  amount  of credit thus not deductible in such taxable year
  will be treated as an overpayment of tax to be credited or  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 will be paid thereon.