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 form used in New York for claiming the Security Officer Training Tax Credit.

Q: Who can file Form CT-631?
A: Security guard businesses in New York who have incurred expenses for eligible security officer training can file Form CT-631.

Q: What is the purpose of the Security Officer Training Tax Credit?
A: The Security Officer Training Tax Credit is designed to provide a tax credit to security guard businesses in New York for eligible training expenses.

Q: What expenses are eligible for the Security Officer Training Tax Credit?
A: Expenses related to the training, including registration fees, tuition, and training materials, may be eligible for the tax credit.

Q: How much is the Security Officer Training Tax Credit?
A: The tax credit is equal to 100% of the eligible training expenses, up to a maximum of $350 per security officer trained.

Q: How can I claim the Security Officer Training Tax Credit?
A: To claim the tax credit, you must complete Form CT-631 and submit it with your New York state tax return.

Q: Are there any limitations to the Security Officer Training Tax Credit?
A: Yes, the tax credit is subject to certain limitations, including a cap of $350 per security officer trained and a limit on the total amount of credits that can be claimed by a business.

Q: When is the deadline for filing Form CT-631?
A: Form CT-631 must be filed with your New York state tax return by the due date of the return, including extensions.