Form It-253 - Claim For Alternative Fuels Credit - 2011
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1
2New York State Department of Taxation and Finance
Claim for Alternative Fuels Credit
IT-253
Attach this form to Form IT-201, IT-203, IT-204, or IT-205 (see instructions, Form IT-253-I, for assistance).
Identifying number as shown on return
Name(s) as shown on return
Type of business
( if applicable )
The alternative fuels tax credit expired on December 31, 2010. For tax years beginning after December 31, 2010, you may only claim
an alternative fuels tax credit carryover from previous years.
Schedule A – Computation of alternative fuels tax credit used and carried over
(see instructions)
1 Enter the carryover credit from last year’s Form IT-253 ........................................................................
1.
2 Tax due before credits ..........................................................................................................................
2.
3 Tax credits claimed before this credit ..................................................................................................
3.
4 Subtract line 3 from line 2 .....................................................................................................................
4.
5 Amount of credit used for the current tax year
...
( enter the amount from line 1 or line 4, whichever is less )
5.
6 Amount of credit available for carryover to next year
....................................
( subtract line 5 from line 1 )
6.
Schedule B – Recapture of alternative-fuel vehicle refueling property credit
(see instructions)
A
B
C
D
E
F
G
l
Tota
Years in service
Recapture
Tax year
recovery
prior to
Recapture years
percentage
Original
Credit recapture
credit allowed
period
recapture year
credit allowed
( column B - column C ) ( column D ÷ column B )
( column F × column E )
7 Recaptured alternative-fuel vehicle refueling property credit
..........................
7.
( add column G amounts )
8 Partner in a partnership, shareholder of an S corporation, or beneficiary of an estate or trust, enter
8.
your share of the recapture of the credit ..........................................................................................
9 Total recaptured alternative fuels credit
....................................................................
9.
( add lines 7 and 8)
Individuals – Enter the line 9 amount and code 253 on Form IT-201-ATT, line 20 or Form IT-203-ATT, line 19.
Partnerships – Enter the line 9 amount and code 253 on Form IT-204, line 148.
Fiduciaries – Continue with lines 10 and 11.
10 Fiduciaries: Enter the amount of recapture allocated to beneficiaries ................................................. 10.
11 Fiduciary share of recapture
........................................................................ 11.
( subtract line 10 from line 9 )
Instructions
Temporary deferral of certain tax credits
Important information
For tax years beginning on or after January 1, 2010, and before
The alternative fuels tax credit expired on December 31, 2010.
January 1, 2013, if the total amount of certain credits that you
For tax years beginning after December 31, 2010, you may only
may use to reduce your tax or have refunded to you is greater
claim an alternative fuels credit carryover from previous years.
than $2 million, the excess over $2 million must be deferred
Use Form IT-253 to claim any carryover credit or to calculate
to, and used or refunded in, tax years beginning on or after
any recapture of credit.
January 1, 2013. For more information about the credit deferral,
Partnerships or estates or trusts: Fill out this form only if you are
see Form IT-500, Income Tax Credit Deferral.
reporting a recapture of the alternative fuels credit.
If you are subject to the credit deferral, you must complete all
credit forms without regard to the deferral. However, the credit
Line instructions
amount that is transferred to your tax return to be applied
See the instructions for your tax return for the Privacy
against your tax due or to be refunded to you may be reduced.
notification or if you need help contacting the Tax Department.
Follow the instructions for Form IT-500 to determine the
amounts to enter on your tax return.
2531110094
Please file this original scannable credit form with the Tax Department.
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