2015 New York Laws
TAX - Tax
Article 9 - (Tax) CORPORATION TAX
187-S - Minimum wage reimbursement credit.

*   187-s Minimum wage reimbursement credit. (a) Allowance of credit.
  A taxpayer shall be allowed a credit, to  be  computed  as  provided  in
  section  thirty-eight 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 prescribed in subdivision two  of  section  one  hundred
  eighty-five  of  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.
* NB Repealed January 1, 2018