New York State Department of Taxation and Finance
IT-243
Claim for Biofuel Production Credit
Tax Law – Section 28, Article 22, Section 606(jj)
All filers must enter tax period:
beginning
and ending
Submit this form with Form IT-201, IT-203, IT-204, or IT-205.
Name(s) as shown on return
Identifying number as shown on return
Part 1 – Individual (including sole proprietor), partnership, and estate or trust
(see instructions)
B
C
D
E
A
Tax year credit
Gallons of
Excess eligible
Biofuel
Biofuel plant’s physical address
is being
biofuel
gallons of
production credit
claimed
produced for
biofuel produced
before limitation
(mark
the year
an X in one box)
(column C - 40,000)
(column D x .15)
st
rd
1
3
2
nd
4
th
.
00
1
st
3
rd
2
nd
4
th
.
00
1
st
3
rd
2
nd
4
th
.
00
.
1 Total of column E amounts from additional Form(s) IT-243, if any ...............................................
1
00
.
2 Total of all column E amounts
.........................................................
2
(include any amount from line 1)
00
3 Beneficiary: Enter your share of the credit from the estate or trust
.
3
(see instructions) ......................
00
Fiduciary: Include the line 4
4 Biofuel production credit before limitation
(add lines 2 and 3).
amount on the Total line of Part 4, column C. All others: Enter the line 4 amount on line 5 ...
.
4
00
5 Credit after fiduciary allocation. Fiduciary: Enter the amount from Part 4, Fiduciary line,
column C. All others: Enter amount from line 4 ......................................................................
.
5
00
.
6 Credit limit ...................................................................................................................................
6
2500000
00
7 Biofuel production credit after limitation
(amount from line 5 or line 6, whichever is less;
.
..............................................................................................................
7
enter here and on line 11 )
00
Part 2 – Partnership, New York S corporation, estate, and trust information
(see instructions)
If you were a partner in a partnership, a shareholder of a New York S corporation, or a beneficiary of an estate or trust and received a share of the
biofuel production credit from that entity, complete the following information for each partnership, New York S corporation, estate or trust. For Type,
enter P for partnership, S for S corporation, or ET for estate or trust.
Name of entity
Type
Employer identification number
303001130094