Form It-259 - Claim For Fuel Cell Electric Generating Equipment Credit - 2012
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1IT-259
New York State Department of Taxation and Finance
Claim for Fuel Cell Electric
Generating Equipment Credit
Personal Income Tax
Submit this form with Form IT-201 or IT-203.
Name(s) as shown on return
Your social security number
The fuel cell electric generating equipment credit was repealed. For tax years beginning on and after January 1, 2009, you may only
claim a fuel cell electric generating equipment credit carryover from previous years.
Application of credit and computation of carryover
.
1 Enter the carryover credit from last year’s Form IT-259 ........................................................................ 1
00
.
2 Enter tax due before credits
......................................................................................... 2
(see instructions)
00
.
3 Credits applied against the tax before this credit
......................................................... 3
(see instructions)
00
.
4 Net tax
............................................................................................................ 4
(subtract line 3 from line 2)
00
.
5 Amount of credit that you applied against this year’s tax
............................................. 5
(see instructions)
00
.
6 Subtract line 5 from line 1 ...................................................................................................................... 6
00
.
7 Amount, if any, included on line 6 that expired in this tax year
..................................... 7
(see instructions)
00
.
8 Amount of credit available for carryover to next year
..................................... 8
(subtract line 7 from line 6)
00
Instructions
Temporary deferral of certain tax credits
Line 3 – If you are applying any credits against the tax before
this credit, enter those amounts here.
For tax years beginning on or after January 1, 2010, and before
January 1, 2013, if the total amount of certain credits that you
When applying credits, use the following rules:
may use to reduce your tax or have refunded to you is greater
• First apply any household credit.
than $2 million, the excess over $2 million must be deferred
• Next apply any credits that cannot be carried over or refunded.
to, and used or refunded in, tax years beginning on or after
• Then apply any credits that can be carried over for a limited
January 1, 2013. For more information about the credit deferral,
see Form IT-500, Income Tax Credit Deferral.
duration.
• Then apply any credits that can be carried over for an
If you are subject to the credit deferral, you must complete all
unlimited duration.
credit forms without regard to the deferral. However, the credit
• Apply refundable credits last.
amount that is transferred to your tax return to be applied
against your tax due or to be refunded to you may be reduced.
Line 5 – Enter the amount from line 1 or line 4, whichever is
Follow the instructions for Form IT-500 to determine the amounts
less.
to enter on your tax return.
If your total credits from all sources are $2 million or less, enter
General information
the amount from line 5 and code 259 on Form IT-201-ATT, line 6,
or Form IT-203-ATT, line 7.
Tax year 2008 was the last year you could claim the fuel cell
electric generating equipment credit. However, any unused
If your total credits from all sources are more than $2 million,
credit from a prior year in which the credit was allowed can be
you may be subject to a credit deferral. Complete lines 1
carried over to the following five years.
through 5, but do not enter the amount from line 5 on your
tax return. See Form IT-500, Income Tax Credit Deferral, to
Line instructions
determine the proper amount to enter on your tax return.
Line 2
Line 7 – A credit amount in excess of the tax due can only
be carried over for a maximum of up to five years. Enter any
Form IT-201 filers: Enter the tax from Form IT-201, line 39, plus
expired credit amount on this line.
any amount from Form IT-201-ATT, line 21.
Form IT-203 filers: Enter the tax from Form IT-203, line 46, plus
any amount from Form IT-203-ATT, line 20.
259001120094
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