IT-212-ATT (2014) (back)
Part 3 – Early dispositions of qualified property and addback of credit on early dispositions
A
C
D
E
F
G
H
B
Description of rehabilitation
Date
Property’s
Unused
Percentage
Total investment
Addback of credit
Date
expenditures
property
useful life
life
credit allowed for
on early
(E ÷ D)
acquired
ceased to
rehabilitation of a
dispositions
(submit additional sheets
(months)
(months)
qualify
historic barn
if necessary)
(F × G)
.
.
00
00
.
.
00
00
.
.
00
00
.
12 Add column H amounts
..........................................................................
12
00
(enter here and on Form IT-212, line 27)
Schedule B – Employment incentive credit
Part 1 – Eligibility for employment incentive credit
A
B
C
D
E
F
G
H*
Year
Mar. 31
June 30
Sept. 30
Dec. 31
Total
Average
Percent
(
(B + C + D + E)
see instr.)
%
A. Use with Part 2, line 17; first succeeding tax year
13 Number of New York State employees in
employment base year
14 Number of New York State employees in
credit year
B. Use with Part 2, line 18; second succeeding tax year
15 Number of New York State employees in
employment base year
16 Number of New York State employees in
credit year
*
Divide the average number of employees in the credit year by the average number of employees in base year (column G). Round
the result to two decimal places. If the percentage in column H is less than 101% (1.01), stop; you do not qualify for the employment
incentive credit.
Part 2 – Computation of employment incentive credit
C
A
B
Tax year in which
Amount of investment credit
Employment incentive credit
investment tax credit
base upon which original
(multiply column B by the
was allowed
investment tax credit
appropriate rate from Tax rate
was allowed
schedule below)
(exclude research and development (R&D)
property at optional rate)
17 Information for first succeeding tax year;
use line 14, column H, to determine rate
.
.
00
00
18 Information for second succeeding tax year;
.
.
use line 16, column H, to determine rate
00
00
A
.
19
dd column C amounts from lines 17 and 18
.......................................
19
00
(enter here and on Form IT-212, line 24)
Tax rate schedule – Employment incentive credit rates to be used in Part 2 above
If the percentage in Part 1, column H is at least:
The employment incentive credit rate is:
101% but less than 102% .................................................................... 1½% (.015) of investment credit base
102% but less than 103% .................................................................... 2% (.02) of investment credit base
103% .................................................................................................... 2½% (.025) of investment credit base
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