§ 187-d. Green building credit. 1. Allowance of credit. A taxpayer
shall be allowed a credit, to be computed as provided in section
nineteen 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. Carryovers. 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 deductible in
such taxable year may be carried over to the following year or years and
may be deducted from the taxpayer's tax for such year or years.