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

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

This document contains official instructions for Form CT-631 , Claim for Security Officer Training Tax Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form CT-631 is available for download through this link.

FAQ

Q: What is Form CT-631?
A: Form CT-631 is a tax form used in New York to claim the Security Officer Training Tax Credit.

Q: What is the Security Officer Training Tax Credit?
A: The Security Officer Training Tax Credit is a tax credit offered by New York for businesses that employ security officers and provide them with approved training.

Q: Who is eligible to claim this tax credit?
A: Businesses that employ security officers in New York and provide them with approved training are eligible to claim this tax credit.

Q: What expenses are eligible for the tax credit?
A: Expenses related to providing approved training to security officers, such as instructor fees, textbooks, and training materials, are eligible for the tax credit.

Q: How much is the tax credit?
A: The tax credit is equal to 50% of the eligible training expenses, up to a maximum of $350 per security officer.

Q: How do I fill out Form CT-631?
A: You need to provide information about your business, security officers, and the training expenses incurred. The form has specific sections for each of these details.

Q: Are there any deadlines for filing this form?
A: Yes, Form CT-631 must be filed within three years from the end of the tax year in which the eligible training expenses were incurred.

Q: Can I claim this tax credit if I am an individual security officer?
A: No, this tax credit can only be claimed by businesses that employ security officers.