Form It-253 - Alternative Fuels Credit Carryover And Credit Recapture
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1IT-253
New York State Department of Taxation and Finance
Alternative Fuels Credit
Carryover and Credit Recapture
Attach this form to Form IT-201, IT-203, IT-204, or IT-205.
Identifying number as shown on return
Name(s) as shown on return
Type of business
Complete this form if you are claiming an alternative fuels credit carryover or credit recapture for
electric vehicles, qualified hybrid vehicles, clean-fuel vehicle property, or clean-fuel vehicle refueling property.
Schedule A – Beneficiary’s and fiduciary’s share of recapture of credit
A
B
C
Beneficiary’s name (same as on Form IT-205, Schedule C)
Identifying number
Share of recapture of credit
Total
Fiduciary
Schedule B – Computation of alternative fuels credit carryover and recapture of credit
1 Enter the available carryover of unused alternative fuels credit from preceding period(s)
(see instructions) .................................................................................................................................
1.
Individuals — Enter the line 1 amount and code 253 on Form IT-201-ATT, line 6, or Form IT-203-ATT, line 7.
Fiduciaries — Include the line 1 amount on Form IT-205, line 10.
If you previously claimed the alternative fuels credit and that property was disposed of, modified, or
removed from qualified use, complete Parts 1 and 2 below.
Part 1 – Computation of credit recapture on electric vehicles, qualified hybrid vehicles, and clean-fuel vehicle property
A
B
C
D
Tax year credit allowed
Amount of credit originally allowed
Recapture %
Recaptured credit
(see instructions)
(column B × column C)
2 Recaptured vehicle credit
(add column D amounts) ............................................................................................
2.
Part 2 – Computation of credit recapture on clean-fuel vehicle refueling property
A
B
C
D
E
F
G
Tax year
Total
Years in service prior Recapture years
Recapture %
Original
Credit recapture
credit allowed
recovery period
to recapture year
credit allowed
(col. B - col. C)
(col. D ÷ col. B)
(column F × column E)
3 Recaptured clean-fuel vehicle refueling property credit
...................................
3.
(add column G amounts)
4 Partner in a partnership, shareholder of an S corporation, or beneficiary of an estate or trust —
4.
enter your share of the recapture of the credit
.........................................................
(see instructions)
5 Total recaptured alternative fuels credit
................................................................
5.
(add lines 2, 3, and 4)
Individuals — Enter the line 5 amount and code 253 on Form IT-201-ATT, line 20, or
Form IT-203-ATT, line 19.
Partnerships — Enter the line 5 amount on Form IT-204, line 23.
Fiduciaries — Include the line 5 amount on the Total line of Schedule A, column C. Include the amount from the Fiduciary line of
Schedule A, column C, on Form IT-205, line 12.
Schedule C – Application of credit and computation of carryover
6 Total alternative fuels credit carryover
6.
................................................................................
(from line 1)
7 Amount that you applied against your 2005 tax ....................................................................................
7.
8 Amount of carryover credit available for carryover to 2006
............................
8.
(subtract line 7 from line 6)
Please file this original scannable
credit form with the Tax Department.
2531050094
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