Form Ct-259 - Claim For Fuel Cell Electric Generating Equipment Credit - 2013
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2CT-259
New York State Department of Taxation and Finance
Claim for Fuel Cell Electric
Generating Equipment Credit
Tax Law — Article 9, Sections 183, 184, 185; Articles 9-A, 32, and 33
All filers must enter tax period:
beginning
ending
Legal name of corporation
Employer identification number
File this form with Form(s) CT-183, CT-184, CT-185, CT-3, CT-3-A, CT-32, CT-32-A, CT-33, CT-33-A, or CT-33-NL.
Application of fuel cell electric generating equipment credit for the current tax year
1 Fuel cell electric generating equipment credit carryforward from preceding tax year ......................
1
2 Tax due before credits
...............................................................................................
2
(see instructions)
3 Tax credits claimed before fuel cell electric generating equipment credit
...............
3
(see instructions)
4 Net tax
4
..........................................................................................................
(subtract line 3 from line 2)
5 Minimum tax limitation
...............................................................................................
5
(see instructions)
6 Credit limitation
.....................................
6
(subtract line 5 from line 4; if line 5 is greater than line 4, enter 0)
7 Credit used for the current tax year
7
.........................................................................
(see instructions)
8 Credit to be carried forward
.......................................................................
8
(subtract line 7 from line 1)
A If you are claiming this credit as a corporate partner, mark an X in the box .................................................................................
Instructions
General information
banking corporations taxable under Article 32; and insurance
corporations taxable under Article 33 complete this form.
Effective for tax years beginning on or after January 1, 2009,
the fuel cell electric generating equipment credit expired. Only
New York S corporations: Do not complete this form.
carryforwards may still be utilized.
Shareholders must claim any credit carryforward from preceding
tax years on Form IT-259, Claim for Fuel Cell Electric Generating
Credit amount
Equipment Credit.
The credit cannot reduce the tax to less than the following
Application of fuel cell electric generating
minimum taxes:
equipment credit for the current tax year
• The fixed minimum tax under Article 9, sections 183 and 185
Line 2 — Enter your tax before credits using the Lines 2 and 5
• The larger of the tax on minimum taxable income (MTI) base
entries table.
or fixed dollar minimum tax as computed under Article 9-A
Line 3 — If you are claiming more than one tax credit for this
• The fixed minimum tax of $250 computed under Article 32
year, enter the amount of credits claimed before applying this
• The fixed minimum tax of $250 under Article 33
tax credit. Refer to the instructions of your franchise tax return
Under Article 9, the credit must first be deducted from the taxes
to determine the order of credits. Otherwise, enter 0.
imposed by section 183. Any credit remaining may then be
Article 9-A taxpayers: Refer to Form CT-600-I, Instructions for
deducted from the taxes imposed by section 184.
Form CT-600, Ordering of Corporation Tax Credits.
The credit allowed is not refundable. However, any amount of
If you are included in a combined return, include any amount of
credit not claimed in the current tax year may be carried forward
tax credit(s) being claimed by other members of the combined
for an unlimited number of tax years. The credit may not be
group, including the fuel cell electric generating equipment
applied against the metropolitan transportation business tax
credit, that you wish to apply before your fuel cell electric
(MTA surcharge) under Article 9, 9-A, 32, or 33.
generating equipment credit.
Specific instructions
CT-33 and CT-33-A filers, including unauthorized insurance
corporations: Do not enter on this line any amount of empire
Eligible transportation and transmission corporations and
zone (EZ) wage tax credit, zone equivalent area (ZEA) wage tax
cooperative agricultural corporations taxable under Article 9,
credit, or EZ capital tax credit you may be claiming. If you are
section 183, 184, or 185; general business corporations (other
included in a combined return, do not include any amount of
than New York S corporations) taxable under Article 9-A;
these credits being claimed by other members of the combined
group.
524001130094
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