N.Y. Tax Law Section 187-C
Biofuel production credit

A taxpayer shall be allowed a credit to be computed as provided in § 28 (Empire state commercial production credit)section twenty-eight of this chapter, as added by part X of chapter sixty-two of the laws of two thousand six, against the tax imposed by this article. Provided, however, that the amount of such credit allowed against the tax imposed by § 184 (Additional franchise tax on transportation and transmission corporations and associations)section one hundred eighty-four of this article shall be the excess of the amount of such credit over the amount of any credit allowed by this section against the tax imposed by section one hundred eighty-three of this article. In no event shall the credit under this section be allowed in an amount which will reduce the tax payable to less than the applicable minimum tax fixed by section one hundred eighty-three of this article. If, however, the amount of the credit allowed under this section for any taxable year reduces the tax to such amount, the excess shall be treated as an overpayment of tax to be credited or refunded in accordance with the provisions of § 686 (Overpayment)section six hundred eighty-six of this chapter. Provided, however, the provisions of subsection (c) of § 1088 (Interest on overpayment)section one thousand eighty-eight of this chapter notwithstanding, no interest shall be paid thereon. The tax credit allowed pursuant to this section shall apply to taxable years beginning before January first, two thousand twenty.

Source: Section 187-C — Biofuel production credit, https://www.­nysenate.­gov/legislation/laws/TAX/187-C (updated Jan. 5, 2018; accessed Aug. 9, 2025).

182
Additional franchise tax on certain oil companies 182–A
Franchise tax on certain oil companies 183
Franchise tax on transportation and transmission corporations and associations 183–A
Metropolitan transportation business tax surcharge on transportation and transmission corporations and associations 184
Additional franchise tax on transportation and transmission corporations and associations 184–A
Additional metropolitan transportation business tax surcharge on transportation and transmission corporations and associations services 186–A
Tax on the furnishing of utility services 186–C
Metropolitan transportation business tax surcharge on utility services and excise tax on sale of telecommunication services 186–D
Transportation business tax on utility services in Erie county 186–E
Excise tax on telecommunication services 186–F
Public safety communications surcharge 186–G
Wireless communications surcharge authorized 187
Credit for special additional mortgage recording tax 187–A
Credit for employment of persons with disabilities 187–B
Alternative fuels and electric vehicle recharging property credit 187–C
Biofuel production credit 187–D
Green building credit 187–E
Credit for transportation improvement contributions 187–F
Order of credits 187–G
Brownfield redevelopment tax credit 187–H
Remediated brownfield credit for real property taxes for qualified sites 187–I
Environmental remediation insurance credit 187–N
Security training tax credit 187–N*2
Fuel cell electric generating equipment expenditures credit 187–O
Temporary deferral nonrefundable payout credit 187–P
Temporary deferral refundable payout credit 187–Q
Utility COVID-19 debt relief credit 187–R
Commercial security tax credit 188
Tax surcharge 189–B
Tax surcharge 190
Long-term care insurance credit 191
Receivers, etc 192
Reports of corporations 193
Extension of time for filing report 194
Further requirements as to reports of corporations 197
Payment of tax and penalties 197–A
Declaration of estimated tax 197–B
Payments of estimated tax 197–C
Applicability of section one hundred eighty-two-a 197–D
The provisions of article twenty-seven of this chapter which pertain to declarations and payments of estimated taxes shall be applicable ... 202
Secrecy required of officials 203
Collection of taxes 203–A
Dissolution of delinquent business corporations 203–B
Annulment of authority to do business by foreign corporations 204
Reports to be made by the secretary of state 205
Deposit of moneys collected from taxes imposed by sections one hundred eighty-three and one hundred eighty-four of this chapter 206
Deposit and disposition of revenue 207
Limitation of time 207–A
Exemption of corporations owned by a municipality 207–B
Practice and procedure for taxable years ending on or after December thirty-first, nineteen hundred sixty-four
Green check means up to date. Up to date

Verified:
Aug. 9, 2025

Last modified:
Jan. 5, 2018

§ 187-C. Biofuel production credit's source at nysenate​.gov

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