New York State Department of Taxation and Finance
IT-252-ATT
Employment Incentive Credit for the
Financial Services Industry
Submit this form with Form IT-252, Investment Tax Credit for the Financial Services Industry.
Name(s) as shown on return
Type of business
Identifying number as shown on return
Use this form to claim an employment incentive credit for property that qualifies for the investment tax credit that is used in the ordinary
course of a taxpayer’s business as a broker or dealer in connection with the purchase or sale of stocks, bonds, or other securities,
or in providing investment advisory services for a regulated investment company. The property must be placed in service on or after
October 1, 1998, and before October 1, 2015.
Employment incentive credit
Part 1 – Eligibility for employment incentive credit
(see Instructions on back)
A
B
C
D
E
F
G
H*
Year
Mar. 31
June 30 Sept. 30
Dec. 31
Total
Average
Percent
%
(B + C + D + E)
(see instructions)
A. First succeeding year: Use with Part 2, line 5
1
Year
Number of NY State employees in employment base year
2
Year
Number of NY State employees in the credit year
B. Second succeeding year: Use with Part 2, line 6
3
Year
Number of NY State employees in employment base year
4
Year
Number of NY State employees in the credit year
* Divide the average number of employees in the credit year by the average number of employees in the base year (column G).
Round the result to the second decimal place. If the percentage in column H is less than 101% (1.01), stop; you do not qualify for the
employment incentive credit.
Part 2 – Computation of employment incentive credit
A
B
C
Employment incentive
Tax year in which
Amount of investment credit
credit
investment tax
base upon which original
(multiply column B by the
credit was allowed
investment tax credit
appropriate rate from Tax rate
was allowed
schedule below)
5 Information for first succeeding year: Use
percentage on line 2, column H, to determine rate
.
.
00
00
6 Information for second succeeding year: Use
percentage on line 4, column H, to determine rate
.
.
00
00
7 Add column C amounts from lines 5 and 6 (
) .............................
.
enter here and on Form IT-252, line 24
7
00
Tax rate schedule – Employment incentive credit rates to be used in Part 2 above
If the percentage in Part 1, column H is at least:
The employment incentive credit rate is:
101% but less than 102% ..................................................................... 1½% (.015) of investment credit base
102% but less than 103% ..................................................................... 2% (.02) of investment credit base
103%..................................................................................................... 2½% (.025) of investment credit base
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