Form It-631 - Claim For Security Officer Training Tax Credit - 2011 Page 2
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2IT-631 (2011) (back)
Instructions
Temporary deferral of certain tax credits
A married couple in a business enterprise that made an
IRC 761(f) election to file two federal Schedule C forms
For tax years beginning on or after January 1, 2010, and before
instead of a partnership return: If you file jointly, compute your
January 1, 2013, if the total amount of certain credits that you may
credit amount as if you were filing one federal Schedule C for the
use to reduce your tax or have refunded to you is greater than
business. Complete Part 1, line A, and lines 1 through 5.
$2 million, the excess over $2 million must be deferred to, and used
or refunded in, tax years beginning on or after January 1, 2013. For
Partner in a partnership, shareholder of a New York
more information about the credit deferral, see Form IT-500, Income
S corporation, and beneficiary of an estate or trust:
Tax Credit Deferral.
Complete Part 1, lines 2 through 5, and Part 2.
If you are subject to the credit deferral, you must complete all
credit forms without regard to the deferral. However, the credit
Fiduciary: Complete Part 1, line A, and lines 1 through 5, and
amount that is transferred to your tax return to be applied against
Part 3. If you are an estate or trust that divides the credit among
your tax due or to be refunded to you may be reduced. Follow the
itself and its beneficiaries, attach all Forms IT-631 to Form IT-205,
instructions for Form IT-500 to determine the amounts to enter on
Fiduciary Income Tax Return, showing each beneficiary’s share of
your tax return.
credit.
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 for qualified building owners employing qualified security
credit 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 attach 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
Article 9 (corporation tax); Article 9-A (franchise tax on business
enter 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 5
subject to tax under Article 22 should complete Form IT-631.
Partnerships: Enter the line 5 amount and code 631 on
Taxpayers subject to tax under Article 9, 9-A, 32, or 33 should
Form IT-204, line 147.
complete Form CT-631, Claim for Security Officer Training Tax
Credit.
All others: If your total credits from all sources are $2 million
or less, enter the amount from line 5 and code 631 on
The credit amount equals $3000 multiplied by the sum of the
Form IT-201-ATT, line 12, or Form IT-203-ATT, line 12, or include it
number of qualified security officers providing protection for a
on Form IT-205, line 33.
building or buildings owned by a taxpayer. In the case of a qualified
security officer not employed for a full year, the amount of the
If your total credits from all sources are more than $2 million, you
credit is prorated to reflect the length of employment. If the credit
may be subject to a credit deferral. Complete line 5, but do not
exceeds the tax for that tax year, the excess credit is treated as an
enter the amount from line 5 on your tax return. See Form IT-500,
overpayment to be credited or refunded without interest.
Income Tax Credit Deferral, to determine the proper amount to enter
on your tax return.
The amount of credit allowed for the current tax year is allocated by
the New York State Division of Homeland Security and Emergency
Part 2 — Partnership, New York S corporation, and
Services (DHSES). For rules and regulations regarding the credit,
estate and trust information
access the New York State DHSES Web site at
Enter the appropriate information for each partnership,
Do I qualify for this credit?
S corporation, or estate or trust from which you received a share of
the security officer training tax credit.
You may be eligible to claim the security officer training tax credit
on Form IT-631 if you have received a certificate of tax credit from
—
Line 6
If you need more space, enter your name and taxpayer
the New York State DHSES, are subject to tax under Article 22, and
identification number, and complete only Part 2 on additional
are classified as one of the following taxpayers:
Forms IT-631. Attach the extra forms to the back of the first
• individual (including sole proprietor),
Form IT-631. Include on line 6 of the first Form IT-631 the total of
• fiduciary of an estate or trust,
column D from all attached Forms IT-631.
• partner in a partnership (including member of a limited liability
Part 3 — Beneficiary’s and fiduciary’s share of security
company (LLC) if the LLC is treated as a partnership for federal
officer training tax credit
tax purposes),
If an estate or trust allocates or assigns the credit to its
• shareholder of a New York S corporation, or
beneficiaries, base the division on each beneficiary’s proportionate
• beneficiary.
share of the income of the estate or trust.
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.
6312110094
Please file this original scannable credit form with the Tax Department.
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