New York Laws
Part 2 - Residents
620 - Credit for Income Tax of Another State.

(b) Pass-through entity taxes. (1) A resident shall be allowed a
credit against the tax otherwise due pursuant to this article for any
pass-through entity tax substantially similar to the tax imposed
pursuant to article twenty-four-A of this chapter imposed on the income
of a partnership or S corporation of which the resident is a partner,
member or shareholder for the taxable year by another state of the
United States, a political subdivision of such state, or the District of
Columbia upon income both derived therefrom and subject to tax under
this article.
(2) Such credit shall be equal to the taxpayer's direct share of the
pass-through entity tax paid by the electing partnership or electing S
corporation to such other state, political subdivision of such other
state or the District of Columbia.
(3) However, such credit will be allowed on tax paid only if:
(A) the state of the United States, political subdivision of such
state, or the District of Columbia imposing such tax also imposes an
income tax substantially similar to the tax imposed under this article;
and
(B) in the case of taxes paid by an S corporation, such S corporation
was treated as a New York S corporation.
(c) Limitations. (1) The credit under this section shall not exceed
the percentage of the tax otherwise due under this article determined by
dividing the portion of the taxpayer's New York income subject to
taxation by such other jurisdiction by the total amount of the
taxpayer's New York income.
(2) The credit under this section shall not reduce the tax otherwise
due under this article to an amount less than would have been due if the
income subject to taxation by such other jurisdiction were excluded from
the taxpayer's New York income.
(3) In the case of a taxpayer who elects to claim the foreign tax
credit for federal income tax purposes, the credit under this section
for income tax imposed by a province of Canada shall be allowed for that
portion of the provincial tax not claimed for federal purposes for the
taxable year or a preceding taxable year, provided however, to the
extent the provincial tax is claimed for federal purposes for a
succeeding taxable year, the credit under this section must be added
back in such succeeding taxable year. The provincial tax shall be deemed
to be claimed last for federal income tax purposes and for purposes of
this subsection.
(d) Definition. For purposes of this section New York income means:
(1) the New York adjusted gross income of an individual, or
(2) the amount of the income of an estate or trust, determined as if
the estate or trust were an individual computing his New York adjusted
gross income under section six hundred twelve.

Structure New York Laws

New York Laws

TAX - Tax

Article 22 - Personal Income Tax

Part 2 - Residents

611 - New York Taxable Income of a Resident Individual.

612 - New York Adjusted Gross Income of a Resident Individual.

613 - New York Deduction of a Resident Individual.

614 - New York Standard Deduction of a Resident Individual.

615 - New York Itemized Deduction of a Resident Individual.

616 - New York Exemptions of a Resident Individual.

617 - Resident Partners and Shareholders of S Corporations.

617-A - Residents; Special Provisions.

618 - New York Taxable Income of a Resident Estate or Trust.

619 - Share of a Resident Estate, Trust or Beneficiary in New York Fiduciary Adjustment.

620 - Credit for Income Tax of Another State.

620-A - Credit Against Separate Tax.

621 - Credits to Trust Beneficiary Receiving Accumulation Distribution.

624 - Computation of Separate Tax on the Ordinary Income Portion of Lump Sum Distributions Received by Resident Individuals, Estates and Trusts.

625 - Gift for Fish and Wildlife Management.

625-A - Gifts to Food Banks.

626 - The United States Olympic Committee/lake Placid Olympic Training Center Fund.

626-A - Gift for Home Delivered Meals for Seniors.

627 - Gift for Breast Cancer Research and Education.

627-A - Gift for Honor and Remembrance of Veterans.

627-B - Gift for Assisting Homeless Veterans.

627-C - Gift for New York State Veterans' Homes.

628 - Gift for Missing and Exploited Children Clearinghouse Fund.

629 - Gift for Alzheimer's Disease Support Services.

629-A - Gift for Eliminating the Stigma Relating to Mental Illness.

629-B - Gift for Substance Use Disorder Education and Recovery.

630 - Gift for Prostate and Testicular Cancer Research and Education.

630-A - Gift for World Trade Center Memorial Foundation.

630-B - Gift for Volunteer Firefighting and Volunteer Emergency Services Fund.

630-C - Gift for New York State Teen Health Education Fund.

630-D - Gift for Women's Cancers Education and Prevention.

630-D*2 - Gift for Autism Awareness and Research.

630-E - Gift to the Love Your Library Fund.

630-F - Gift for Organ and Tissue Donation Outreach and Research.

630-F*2 - Gift for Als Research and Education.

630-F*3 - Gift for School-Based Health Centers.

630-F*4 - Gift for Lupus Education and Prevention.

630-F*5 - Gift for Military Families.

630-F*6 - Gift for City University of New York.

630-G - Gift for Leukemia, Lymphoma and Myeloma Research, Education and Treatment.

630-G*2 - Gift for the William B. Hoyt Memorial Children and Family Trust Fund.

630-G*3 - Gift to the Arts Fund.

630-H - New York State Campaign Finance Fund Check-Off.

630-I - Gifts for the State Library System.

630-I*2 - Gift for the Firearm Violence Research Fund.

630-I*3 - Gifts for Thoroughbred Aftercare.

630-J - Gifts for Standardbred Aftercare.

630-K - Gift for Lyme and Tick-Borne Diseases Education, Research and Prevention.