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Page 4 CT-40-I (8/98)

Section VI - Election to Transfer Credits

All credit transfers must be made on a vehicle-by-vehicle

(Article 9-A Taxpayers Only)

(or refueling property) basis. Taxpayers must keep adequate

records of all vehicles and property which are the basis for

Article 9-A taxpayers may elect to transfer their unused

any transferred credit(s).

alternative fuels credit to an Article 9-A afﬁliate. For

purposes of this credit, an afﬁliate means

● a parent corporation, where the parent owns or controls,

directly or indirectly, 80% or more of the taxpayer’s

Part A - Alternative Fuels Credits Received from

capital stock, or

Afﬁliates

● a subsidiary corporation, where the taxpayer owns or

Enter the amount of alternative fuels credits that were

controls, directly or indirectly, 80% or more of the

received from afﬁliated Article 9-A taxpayers. Include the

subsidiary’s capital stock, or

transferor afﬁliate’s tax year in which the credit arose, the

● a brother-sister corporation, where the same interests

name and employer ID number of the transferor, and the

own or control, directly or indirectly, 80% or more of both

amount of credits you are receiving.

the corporation’s and the taxpayer’s capital stock.

Part B - Alternative Fuels Credits Transferred to

Both the transferor (afﬁliate transferring the credit) and the

Afﬁliates

transferee (afﬁliate receiving the credit) must consent to the

election. Once the election is made, the credit becomes a

Enter the amount of alternative fuels credits that were

credit of the transferee. The transferee is responsible for

transferred to afﬁliated Article 9-A taxpayers. Include your

any credit recapture if the transferor disposes of the

tax year in which the credit arose, the name and employer

property or if the transferor’s property on which the credit

ID number of the transferee, and the amount of credits you

was allowed ceases to qualify.

are transferring.

Need Help?

Telephone Assistance is available from 8:30 a.m. to 4:25 p.m. (eastern time), Monday through Friday. For business tax information

and forms, call the Business Tax Information Center at 1 800 972-1233. For general information, call toll free 1 800 225-5829. To

order forms and publications, call toll free 1 800 462-8100. From areas outside the U.S. and outside Canada, call (518) 485-6800.

Fax-on-Demand Forms Ordering System - Most forms are available by fax 24 hours a day, 7 days a week. Call toll free from the U.S.

and Canada 1 800 748-3676. You must use a Touch Tone phone to order by fax. A fax code is used to identify each form.

Internet Access -

Access our website for forms, publications, and information.

Hotline for the Hearing and Speech Impaired - If you have access to a telecommunications device for the deaf (TDD), you can get

answers to your New York State tax questions by calling toll free from the U.S. and Canada 1 800 634-2110. Assistance is available

from 8:30 a.m. to 4:15 p.m. (eastern time), Monday through Friday. If you do not own a TDD, check with independent living centers or

community action programs to ﬁnd out where machines are available for public use.

Persons with Disabilities - In compliance with the Americans with Disabilities Act, we will ensure that our lobbies, ofﬁces, meeting

rooms, and other facilities are accessible to persons with disabilities. If you have questions about special accommodations for persons

with disabilities, please call the information numbers listed above.

Mailing Address - If you need to write, address your letter to: NYS Tax Department, Taxpayer Assistance Bureau, W A Harriman

Campus, Albany NY 12227.

Privacy Notiﬁcation

The right of the Commissioner of Taxation and Finance and the Department of Taxation and Finance to collect and maintain personal

information, including mandatory disclosure of social security numbers in the manner required by tax regulations, instructions, and forms,

is found in Articles 8, 9, 9-A, 13, 19, 27, 32, 33, and 33-A of the Tax Law; and 42 USC 405(c)(2)(C)(i).

The Tax Department will use this information primarily to determine and administer corporate tax liabilities under the Tax Law, for certain

tax refund offsets, and for any other purpose authorized by law.

Failure to provide the required information may result in civil or criminal penalties, or both, under the Tax Law.

This information will be maintained by the Director of the Registration and Data Services Bureau, NYS Tax Department, Building 8

Room 924, W A Harriman Campus, Albany NY 12227; telephone 1 800 225-5829. From areas outside the U.S. and outside Canada, call

(518) 485-6800.

Form Ct-40-I - Instructions For Form Ct-40 - New York State Department Of Taxation And Finance Page 4

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