NY A05767

Establishes a tax credit for taxpayers owning or maintaining qualified manholes providing access to highly critical underground infrastructure in cities with population greater than one million that are publicly accessible, covering the cost of manhole barrier locking devices up to $650 per qualified manhole.

Applies the credit to taxpayers subject to tax under Article 9, 9-A, or 32 of the tax law for tax years beginning January 1, 2011 or later, with credit amounts not reducing tax liability below applicable minimum tax thresholds.

Defines "highly critical underground infrastructure" as infrastructure certified by the Office of Homeland Security whose loss or failure would cause substantial loss of life, serious injury, significant economic loss, or undermine community morale and confidence.

Requires the director of the Office of Homeland Security, in consultation with the Office of Cyber Security and Critical Infrastructure Coordination, to develop standards for identifying highly critical underground infrastructure and certify eligible manholes.

Authorizes the Office of Homeland Security to request information from entities owning or maintaining underground infrastructure access points and decline certification if requested information is not provided.