Form IT-631 Claim for Security Officer Training Tax Credit - New York

What Is Form IT-631?

This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form IT-631?
A: Form IT-631 is the Claim for Security Officer Training Tax Credit in the state of New York.

Q: What is the purpose of Form IT-631?
A: The purpose of Form IT-631 is to claim the Security Officer Training Tax Credit in New York.

Q: Who can use Form IT-631?
A: Employers who have hired security officers and provided them with eligible training in New York can use Form IT-631.

Q: What information is needed to complete Form IT-631?
A: To complete Form IT-631, you will need to provide information about your business, the security officers you employed, and the eligible training expenses.

Q: What is the deadline for filing Form IT-631?
A: Form IT-631 must be filed by the 15th day of the fourth month following the end of the tax year for which the credit is claimed.

Q: How much is the Security Officer Training Tax Credit?
A: The Security Officer Training Tax Credit is equal to 30% of the eligible training expenses, up to a maximum credit of $350 per security officer.

Q: How do I submit Form IT-631?
A: Form IT-631 should be submitted along with your business's annual tax return.