Form Ct-250 - Credit For Purchase Of An Automated External Defibrillator - New York State Department Of Taxation And Finance Page 2
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2CT-250 (2001) (back)
Credit amount
Part I – Computation of credit
The amount of the credit allowed for each automated external
Column A - Enter the name and model number of each
defibrillator purchased (other than for resale) during the tax year
automated external defibrillator (as defined under
is equal to the lesser of:
section 3000-b of the Public Health Law) that you purchased
(other than for resale) during the current tax year.
— the cost to the taxpayer of the automated external
defibrillator; or
Column B - Enter the date that the automated external
defibrillator listed in column A was purchased.
— $500.
Column C - Enter the cost of the automated external
There is no limit on the number of automated external
defibrillator listed in column A. The term cost means the basis of
defibrillators purchased during the tax year on which the credit
the property as defined in section 1012 of the Internal Revenue
may be claimed. However, the credit cannot exceed $500 for
Code (IRC).
each unit purchased. The credit cannot reduce the tax to less
than the following minimum taxes:
Column E - Enter for each automated external defibrillator
listed in column A, the lesser of:
— the larger of the tax on minimum taxable income base or
fixed dollar minimum tax as computed under Article 9-A;
— the cost of the automated external defibrillator as shown in
column C; or
— the fixed minimum tax of $250 computed under Article 32; or
— the $500 maximum shown in column D.
— the fixed tax of $250 under Article 33.
The credit amount cannot exceed $500 for each unit
Any amount of the credit not applied against the current tax
purchased.
year may not be carried over to the following year or years. The
credit is not refundable. Any amount of the credit not applied
If you purchased more than five automated external
against the current tax year may not be claimed as an
defibrillators, list the requested information on a separate sheet
overpayment of tax. The credit cannot be applied against the
and attach the list to this form.
metropolitan transportation business tax surcharge
Part II – Computation of credit used
(MTA surcharge) under Articles 9-A, 32 or 33.
New York S corporations: Do not complete Part II. You cannot
Definition
apply the credit that originates in a New York S year against the
New York State corporation franchise tax under Articles 9-A
Section 3000-b(1)(a) of the Public Health Law provides that an
and 32. The credit is allowed to individuals, estates, and trusts
automated external defibrillator means a medical device,
who are shareholders of an electing New York S corporation.
approved by the United States Food and Drug Administration,
The amount of the credit allowed each shareholder is his or her
that: (i) is capable of recognizing the presence or absence, in a
pro rata share of the credit as computed by the New York
patient, of ventricular fibrillation and rapid ventricular
S corporation. Shareholders of the New York S corporation can
tachycardia; (ii) is capable of determining without intervention
obtain their share of the credit from the New York S corporation.
by an operator, whether defibrillation should be performed on
For further information see Form IT-250.
the patient; (iii) upon determining that defibrillation should be
performed, automatically charges and requests delivery of an
Line 2 - Enter your franchise tax before credits from the
electrical impulse to the patient’s heart; and (iv) then, upon
following forms:
action by the operator, delivers an appropriate electrical impulse
— Form CT-3, line 78;
to the patient’s heart to perform defibrillation.
— Form CT-3-A, line 77;
— Form CT-32, line 5;
Line instructions
— Form CT-32-A, line 5;
General business corporations taxable under Article 9-A (other
— Form CT-33, line 11; and
than New York S corporations), banking corporations taxable
— Form CT-33-A, line 16.
under Article 32, and insurance corporations taxable under
Article 33 complete Part I and Part II.
Line 3 - Enter the total amount of any tax credit or credits (other
than this credit) that were applied against the current year’s
New York S corporations: complete Form CT-250 through
franchise tax. Refer to the instructions of your franchise tax
line 1 and include the amount from line 1 on Form CT-34-SH.
return to determine the ordering of credits.
Need help?
Hotline for the hearing and speech impaired:
Telephone assistance is available from 8:30 a.m. to
4:25 p.m. (eastern time), Monday through Friday.
1 800 634-2110 from 8:30 a.m. to 4:25 p.m. (eastern time),
Monday through Friday. If you do not own a
For business tax information, call the
telecommunications device for the deaf (TDD), check with
New York State Business Tax
independent living centers or community action programs
Information Center:
1 800 972-1233
to find out where machines are available for public use.
For general information:
1 800 225-5829
Persons with disabilities: In compliance with the
To order forms and publications:
1 800 462-8100
Americans with Disabilities Act, we will ensure that our
From areas outside the U.S. and
lobbies, offices, meeting rooms, and other facilities are
outside Canada:
(518) 485-6800
accessible to persons with disabilities. If you have
questions about special accommodations for persons
Fax-on-demand forms: Forms are
with disabilities, please call 1 800 225-5829.
available 24 hours a day,
7 days a week.
1 800 748-3676
If you need to write, address your letter to:
NYS TAX DEPARTMENT
TAXPAYER ASSISTANCE BUREAU
Internet access:
W A HARRIMAN CAMPUS
ALBANY NY 12227
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