(2) Limitation on credit. No credit shall be allowed to a city
taxpayer under paragraph one of this subsection unless the electing city
partnership or electing city resident S corporation paid the tax imposed
under this article and provided sufficient information on the city
pass-through entity tax return as prescribed by the commissioner to
identify such city taxpayer. Such information shall include, but not be
limited to, the social security number or taxpayer identification number
of the city taxpayer who will claim the credit (even in the case of a
disregarded entity owned by such city taxpayer).
(b) Limitation on credit. The aggregate amount of credits claimed by
all partners, members or shareholders of an electing city partnership or
an electing city resident S corporation pursuant to subsection (a) of
this section shall not exceed the tax due under section eight hundred
sixty-nine of this article from such electing city partnership or
electing city resident S corporation for the taxable year.