N.Y. Comp. Codes R. & Regs. tit. 20, § 5-4.3 – Prorating the security training tax credit for security officers employed for less than a full year. | Midpage
§ 5-4.3
N.Y. Comp. Codes R. & Regs. tit. 20, § 5-4.3
Prorating the security training tax credit for security officers employed for less than a full year.
Department of Taxation and Finance
(a) In the case of a qualified security officer who is employed for less than a full year, as such term is defined in section 5-4.2(a) of this Subpart, the amount of the security training tax credit is prorated.
(b) The prorated amount of the credit for a qualified security officer employed for less than a full year is computed as follows:
(1) ascertain the number of qualified hours worked by the qualified security officer during the calendar year (limited to 1,750 hours);