§ 187-e. Credit for transportation improvement contributions. 1.
Allowance of credit. A taxpayer shall be allowed a credit, to be
computed as provided in section twenty of this chapter, against the
taxes imposed by sections one hundred eighty-three, one hundred
eighty-four and former section one hundred eighty-six of this article.
Provided, however, that the amount of such credit allowable against the
tax imposed by 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.

2. Application of credit. 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 or former section one hundred eighty-six of this article.
If, however, the amount of credit allowable under this section for any
taxable year reduces the tax to such amount, any amount of credit not
thus deductible in such taxable year shall be treated as an overpayment
of tax to be credited or refunded in accordance with the provisions of
section ten hundred eighty-six of this chapter. Provided, however, the
provisions of subsection (c) of section ten hundred eighty-eight of this
chapter notwithstanding, no interest shall be paid thereon.

3. Credit recapture. For provisions requiring recapture of credit, see
subdivision (c) of section twenty of this chapter.