Sec. 5-4.1. General

A taxpayer that is a qualified building owner, as defined under section 26(b)(1) of the Tax Law, and that has been issued a certificate of tax credit by the State Office of Homeland Security is allowed to claim a credit against the tax imposed by article 9-A of the Tax Law. The amount of the credit allowed is $3,000 for each qualified security officer, as defined under section 26(b)(4) of the Tax Law, who is directly or indirectly employed to provide protection to the taxpayer's building or buildings for a full year. However, the amount of the credit may be reduced due to the limitation placed on the total amount of all tax credits issued by the State Office of Homeland Security in any calendar year (see L. 2005, ch. 537, section 9). In the case of a qualified security officer who is employed for less than a full year, the amount of the credit is prorated to reflect the length of such employment pursuant to sections 5-4.2 and 5-4.3 of this Subpart. Sections 5-4.2 and 5-4.3 of this Subpart prescribe the method of proration, which 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, 32 and 33.