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Page 2 IT-217-I (1997)

agricultural property which you own but

— Do not use dollar signs, commas,

Qualiﬁed agricultural property includes

rent to someone else. However, eligible

decimal points, dashes or any other

land and land improvements located in

taxes do not include taxes paid on qualiﬁed

punctuation marks or symbols.

New York State that are used in

agricultural property that you rent from

agricultural production. It also includes

— Write your numerals like this:

someone else, even if the rental agreement

structures and buildings (except for

provides that you must actually pay the

buildings used by the taxpayer for

taxes.

residential purposes) that are located on

the land and used or occupied to carry out

agricultural production.

Real property taxes levied by a school

Carefully enter your money amounts so

district include all property taxes, special

that the whole dollar amount ends in the

Agricultural production means those

ad valorem levies and special assessments

box immediately to the left of the cents

activities discussed under engaged in the

levied by a school district. Also included

decimal and the cents amount starts in

business of farming on the front page.

are taxes levied by a school district for the

the box immediately to the right of the

support of local libraries. Penalties and

cents decimal.

Land used in agricultural production

interest are not included.

— Make your money amount entries in the

includes land under structures or buildings

boxes allowing one numeral for each

which are qualiﬁed agricultural property,

If you were a partner in a partnership, a

area.

and land in support of a farm operation,

shareholder of a New York S corporation,

such as farm ponds, drainage swamps,

Example: If your entry for line 10 is

or the beneﬁciary of an estate or trust that

wetlands and access roads.

owned qualiﬁed agricultural property during

$13,525.50, your money ﬁeld entry

should look like:

1997, eligible taxes includes your pro rata

A structure or building qualiﬁes if it is used

or distributive share of the taxes paid by

(1) in the raising and production for sale of

the partnership, S corporation or estate or

agricultural or horticultural commodities, or

trust for the year.

(2) for the storage of agricultural

commodities for sale at a future time, or

If you own both qualiﬁed agricultural

— Leave blank any spaces and boxes that

(3) for the storage of supplies or for the

property and nonqualiﬁed property, and

do not apply to you. However, treat

storage or servicing of equipment

you receive only one school tax bill for all

these lines as zero.

necessary for agricultural or horticultural

the property, you must apportion the total

production.

school taxes paid between the qualiﬁed

and nonqualiﬁed property based upon the

Line Instructions

A structure or building is not qualiﬁed

value of the properties. Your local assessor

Individuals : Complete Parts I and II.

agricultural property if it is used for (1) the

may be able to tell you the value of your

processing of agricultural commodities, or

Partners, S Corporation Shareholders and

qualiﬁed and nonqualiﬁed property. If your

Beneﬁciaries of Estates and Trusts :

(2) the retail merchandising of agricultural

assessor is unable to provide this

commodities, or (3) the storage of

Complete Parts I, II, III and IV.

information, you may use any other

commodities for the personal consumption

Fiduciaries : Complete Parts I, II, III, IV,

reasonable method, such as basing the

and V. Note: If you are the ﬁduciary of an

of you or your family, or (4) your residence

value on the recent sale price of similar

or the residence of your immediate family.

estate or trust that distributes all its income

property in your area, to determine the

to its beneﬁciaries, complete only Part I,

value. In either case, you should keep

items A, B, and F, and Parts III, IV, and V.

Processing means doing something to a

records to substantiate how you allocated

farm commodity beyond what is needed to

the taxes.

make it initially marketable. The mere

Caution: If you are married, your eligibility

sorting, washing, and packaging of fruits

for the credit (see Part I, items C and D)

Item C - In order to qualify for this credit,

and vegetables is not considered

and the amount of the credit (see Part II,

the amount shown on Form IT-201 or

processing.

line 15) may depend on whether you ﬁle a

Form IT-203, line 31, or Form IT-205, line B

joint or separate New York return. However,

must be $150,000 or less.

Your residence includes a house, mobile

in order to ﬁle separate New York returns,

home, etc., and any other buildings

you generally must ﬁle separate federal

Item D - Complete Worksheet A or B on

associated with it, such as garages or

returns. Since many federal and state tax

page 4, whichever is applicable.

sheds, that is used by you or your

beneﬁts are eliminated or reduced when

immediate family for residential purposes.

separate returns are ﬁled, you may want to

Item E - If you and one or more related

ﬁgure your federal and state taxes both

persons each owned qualiﬁed agricultural

Item B - If you paid eligible school district

ways to determine the most beneﬁcial way

property on March 1, 1997, check the box

property taxes on qualiﬁed agricultural

to ﬁle.

on Item E. Also, be sure to read the

property during 1997, or you were a

instructions for Part II, line 5.

partner in a partnership, shareholder of a

Part I - Eligibility

New York S corporation, or beneﬁciary of

an estate or trust that paid eligible school

A related person includes your spouse

This part is used to determine if you are

district property taxes on qualiﬁed property

(unless you are ﬁling a joint return), and

eligible to claim the farmers’ school tax

during 1997, check the Yes box.

any ‘‘C’’ corporation (a corporation that is

credit.

not a New York S corporation) of which

Eligible school district property taxes

you, and your spouse if ﬁling a joint return,

Item A - If you owned qualiﬁed agricultural

are real property taxes levied by a school

collectively own more than 50% of the

property during 1997, or were a partner in

district on qualiﬁed agricultural property

stock. A related person also includes any

a partnership, shareholder of a New York S

owned by you. Real property taxes levied

estate or trust in which you, and your

corporation, or beneﬁciary of an estate or

by towns, villages, cities or other municipal

spouse if ﬁling a joint return, collectively

trust that owned qualiﬁed agricultural

governments are not eligible taxes. Eligible

own more than 50% of the beneﬁcial

property during 1997, check the Yes box.

taxes include taxes paid on qualiﬁed

interest.

Instructions For Form It-217 - Claim For Farmers' School Tax Credit - New York State Department Of Taxation And Finance - 1997 Page 2

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