New York State Department of Taxation and Finance
IT-254
Claim for Residential Fuel Oil Storage Tank Credit
Personal Income Tax
Name(s) as shown on return
Identification number on return
Attach this form to Form IT-201, IT-203, IT-204, or IT-205.
See Form IT-254-I, Instructions for Form IT-254 , for assistance in completing this form.
Schedule A — Individuals, partnerships, and estates and trusts
(attach additional Form(s) IT-254 as necessary; see instructions)
Location of qualified residential property for which you are claiming a credit (property must be located in New York State)
Street address
City
ZIP code
Schedule B — Computation of credit
Part I — For residential fuel oil storage tanks removed or permanently closed after December 31, 2001, but
before April 1, 2002
(see instructions)
1 Computation of credit for purchase and installation of a new residential fuel oil storage tank in tax year 2003
A
B
Date of tank installation
Actual cost of tank purchase and installation
Enter the amount from column B or $250, whichever is less .............................................................................
1.
Part II — For residential fuel oil storage tanks removed or permanently closed after March 31, 2002, and replaced after
December 31, 2002, but before January 1, 2004
(see instructions)
2 Computation of credit for removal or permanent closure and replacement of a residential fuel oil storage tank
A
B
C
Date of tank removal or
Date of new tank installation
Total cost of tank removal or permanent
permanent closure
closure and replacement
Enter the amount from column C or $500, whichever is less .............................................................................
2.
3
Add lines 1 and 2 ................................................................................................................................................
3.
Transfer line 3 amount as follows: Fiduciaries — include the line 3 amount in the total line of Schedule E, column C, on the back.
All others — enter the line 3 amount on Schedule F, line 7 on the back.
Schedule C — Partnership and estate and trust information
If you were a partner in a partnership or a beneficiary of an estate or trust and received a share of the credit for residential fuel oil storage
tank(s) from that entity, complete the following information for each partnership or estate or trust. You must also complete Schedule D on the
back. (Note: Shareholders of New York S corporations do not qualify for this credit.)
Name
Type*
Employer ID number
*Enter P for partnership or ET for an estate or trust.
541394
This is a scannable form; please file this original with the Tax Department.
IT-254 2003