Sec. 20-5.1. General

Tax Law, § 1456(c)

A taxpayer is allowed a credit against the tax imposed by article 32 of the Tax Law for the amount of the special additional mortgage recording tax paid by the taxpayer pursuant to the provisions of subdivision 1-a of section 253 of the Tax Law. In the case of a combined return, the sum of such credits of the taxpayers included in such return must, except as described in section 20-5.2 of this Subpart, be applied against the combined tax as computed in Part 18 of this Title.