Form It-631 - Claim For Security Officer Training Tax Credit - 2013 Page 2
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2IT-631 (2013) (back)
Instructions
General information
Note: If more than one of the above applies to you, complete all
appropriate parts on one Form IT-631.
What is the security officer training tax credit?
Part 1 – Computation of credit
For tax years beginning on or after January 1, 2005, Tax Law
sections 26 and 606(ii) provide for a security officer training tax
–
Line 1
Enter the amount shown on your certificate of tax credit
credit for qualified building owners employing qualified security
issued by the New York State DHSES. Complete a separate
officers. The security officer training tax credit is available to
Form IT-631 for each certificate, and submit a copy of the certificate
taxpayers subject to tax under Article 22 (personal income tax);
to the form. Add the line 5 amounts from all Forms IT-631, and enter
Article 9 (corporation tax); Article 9-A (franchise tax on business
the total on your return as instructed at line 5.
corporations); Article 32 (franchise tax on banking corporations); or
Article 33 (franchise taxes on insurance corporations). Taxpayers
Line 3
subject to tax under Article 22 should complete Form IT-631.
Fiduciaries: Enter the line 3 amount on the Total line of Part 3,
Taxpayers subject to tax under Article 9, 9-A, 32, or 33 should
column C; then complete Part 3 before completing lines 4 and 5.
complete Form CT-631, Claim for Security Officer Training Tax
Credit.
Line 5
The credit amount equals $3000 multiplied by the sum of the
Partnerships: Enter the line 5 amount and code 631 on
number of qualified security officers providing protection for a
Form IT-204, line 147.
building or buildings owned by a taxpayer. In the case of a qualified
All others: Enter the amount from line 5 and code 631 on
security officer not employed for a full year, the amount of the
credit is prorated to reflect the length of employment. If the credit
Form IT-201-ATT, line 12, or Form IT-203-ATT, line 12, or include it
on Form IT-205, line 33.
exceeds the tax for that tax year, the excess credit is treated as an
overpayment to be credited or refunded without interest.
Part 2 – Partnership, New York S corporation, and estate
The amount of credit allowed for the current tax year is allocated by
and trust information
the New York State Division of Homeland Security and Emergency
Enter the appropriate information for each partnership,
Services (DHSES). For rules and regulations regarding the credit,
S corporation, or estate or trust from which you received a share of
access the New York State DHSES Web site at
the security officer training tax credit.
Do I qualify for this credit?
–
Line 6
If you need more space, enter your name and taxpayer
You may be eligible to claim the security officer training tax credit on
identification number, and complete only Part 2 on additional
Form IT-631 if you have received a certificate of tax credit from the
Forms IT-631. Place the extra forms behind the first Form IT-631.
New York State DHSES, are subject to tax under Article 22, and are
Include on line 6 of the first Form IT-631 the total of column D from
classified as one of the following taxpayers:
all additional Forms IT-631.
• individual (including sole proprietor),
Part 3 – Beneficiary’s and fiduciary’s share of security
• fiduciary of an estate or trust,
officer training tax credit
• partner in a partnership (including member of a limited liability
If an estate or trust allocates or assigns the credit to its beneficiaries,
company (LLC) if the LLC is treated as a partnership for federal
base the division on each beneficiary’s proportionate share of the
tax purposes),
income of the estate or trust.
• shareholder of a New York S corporation, or
Enter the line 3 amount on the Total line, column C. Provide your
• beneficiary.
beneficiaries with their proportionate amount of the credit.
Specific instructions
See the instructions for your tax return for the Privacy notification or
if you need help contacting the Tax Department.
Individual (including sole proprietor) and partnership:
Complete Part 1, line A, and lines 1 through 5.
A married couple in a business enterprise that made an
IRC 761(f) election to file two federal Schedule C forms
instead of a partnership return: If you file jointly, compute your
credit amount as if you were filing one federal Schedule C for the
business. Complete Part 1, line A, and lines 1 through 5.
Partner in a partnership, shareholder of a New York
S corporation, and beneficiary of an estate or trust:
Complete Part 1, lines 2 through 5, and Part 2.
Fiduciary: Complete Part 1, line A, and lines 1 through 5, and
Part 3. If you are an estate or trust that divides the credit among
itself and its beneficiaries, submit all Forms IT-631 with Form IT-205,
Fiduciary Income Tax Return, showing each beneficiary’s share of
credit.
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