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March 2007 FREE TO RESIDENTS T B U TC L U The Darby Town Board met on Monday, February 12, and had two public hearings regarding New York State mandates. One mandate concerned the training for the
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TBUTC stands for Taxable Business Use of Tax Credits.
Individuals or businesses who have claimed tax credits for business use are required to file TBUTC.
TBUTC can be filled out online through the tax department's website or through a tax professional.
The purpose of TBUTC is to track and report the business use of tax credits claimed by individuals or businesses.
Information such as the type of tax credit claimed, the amount claimed, and the percentage of business use must be reported on TBUTC.
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