Form Ct-250 - Credit For Purchase Of An Automated External Defibrillator

Page 2 of 2 CT-250 (2013)

Instructions

General information

If you purchased more than five automated external defibrillators, list

the requested information on a separate sheet and attach the list to this

A taxpayer may claim the credit for the purchase (other than for resale)

form.

of each automated external defibrillator, as defined under Public Health

Law section 3000-b (see

), during the tax year.

Line 1 — Use line 1 if you own the automated external defibrillator and

you are claiming the credit for the purchase. Do not include on line 1 a

Eligibility

credit for purchase of an automated external defibrillator received from

a pass-through entity described on line 2.

The following taxpayers are eligible to claim the credit:

Line 2 — If you have a credit for purchase of an automated external

• General business corporations taxable under Article 9-A

defibrillator from a pass-through entity that is a partnership, enter on

• Banking corporations taxable under Article 32

line 2 your pro-rata share of the credit received from the partnership.

• Insurance corporations taxable under Article 33

This information should be provided to you by the partnership. The

partnership completes Form IT-250, Claim for Credit for Purchase of

Credit amount

an Automated External Defibrillator, and provides each partner with

their pro-rata share of the credit for purchase of an automated external

The amount of the credit allowed for each automated external

defibrillator.

defibrillator purchased (other than for resale) during the tax year is equal

to the lesser of:

If you have pass-through credits from more than one partnership, add

• the cost to the taxpayer of the automated external defibrillator, or

them together and enter the amount on line 2.

• $500.

If you have no credit for purchase of an automated external defibrillator

from a pass-through entity that is a partnership, enter 0.

There is no limit on the number of automated external defibrillators

purchased during the tax year on which the credit may be claimed.

Part 2 — Computation of credit used

However, the credit cannot exceed $500 for each unit purchased. The

New York S corporations: Do not complete Part 2. Transfer the

credit cannot reduce the tax to less than the following:

line 3 amount to Form CT-34-SH and provide each shareholder with

• the larger of the tax on minimum taxable income base or fixed dollar

their pro-rata share of the credit. Each shareholder of the New York

minimum tax as computed under Article 9-A;

S corporation will claim their share of the credit on Form IT-250,

• the fixed minimum tax of $250 computed under Article 32; or

Schedule C. For further information, see Form IT-250-I, Instructions for

Form IT-250.

• the fixed minimum tax of $250 under Article 33.

A credit that originates in a New York S year flows through to the

Any amount of the credit not applied against the current tax year may

individual shareholders of the New York S corporation under Article 22,

not be carried over to the following tax year or years. The credit is not

and the credit cannot be applied against the New York State corporation

refundable. Any amount of the credit not applied against the current

franchise tax in a New York S year.

tax year may not be claimed as an overpayment of tax. The credit

cannot be applied against the metropolitan transportation business tax

Line 4 — Enter your franchise tax before credits from the following

(MTA surcharge) under Article 9-A, 32, or 33.

franchise tax returns, plus any net recaptured tax credits:

Definition

• Form CT-3, line 78

An automated external defibrillator is a medical device, approved by the

• Form CT-3-A, line 77

United States Food and Drug Administration, that:

• Form CT-32, line 5

• is capable of recognizing the presence or absence, in a patient, of

• Form CT-32-A, line 5

ventricular fibrillation and rapid ventricular tachycardia;

• Form CT-33, line 11

• is capable of determining, without intervention by an operator,

whether defibrillation should be performed on the patient;

• Form CT-33-A, line 15

• upon determining that defibrillation should be performed,

• Form CT-33-NL, line 5

automatically charges and requests delivery of an electrical impulse

Line 5 — If you are claiming more than one tax credit for this year, enter

to the patient’s heart; and

the amount of credits claimed before applying this tax credit. Refer to

• then, upon action by an operator, delivers an appropriate electrical

the instructions of your franchise tax return to determine the ordering of

impulse to the patient’s heart to perform defibrillation.

credits.

Line instructions

Article 9-A taxpayers: Refer to Form CT-600-I, Instructions for

Form CT-600, Ordering of Corporation Tax Credits.

General business corporations taxable under Article 9-A (other

than New York S corporations), banking corporations taxable under

If you are included in a combined return, include any amount of tax

Article 32, and insurance corporations taxable under Article 33

credit(s) being claimed by other members of the combined group,

complete Part 1 and Part 2.

including the automated external defibrillator credit, that you wish to

apply before your automated external defibrillator credit.

New York S corporations: Complete lines 1, 2, and 3, and include

the amount from line 3 on Form CT-34-SH, New York S Corporation

CT-33 and CT-33-A filers, including unauthorized insurance

Shareholders’ Information Schedule.

corporations: Do not enter on this line any amount of empire zone

Part 1 — Computation of credit

(EZ) wage tax credit, zone equivalent area (ZEA) wage tax credit, or EZ

capital tax credit you may be claiming. If you are included in a combined

Column A — Enter the name and model number of each automated

return, do not include any amount of these credits being claimed by

external defibrillator (see Definition) that you purchased (other than for

other members of the combined group.

resale) during the current tax year.

Line 9 — Enter the lesser of line 3 or line 8. Transfer this amount to your

Column B — Enter the date that the automated external defibrillator

franchise tax return.

listed in column A was purchased.

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Column C — Enter the cost of the automated external defibrillator listed

in column A. The term cost means the basis of the property as defined

See Form CT-1, Supplement to Corporation Tax Instructions.

in Internal Revenue Code (IRC) section 1012.

Column E — Enter for each automated external defibrillator listed in

column A, the lesser of:

• the cost of the automated external defibrillator as shown in column C, or

• the $500 maximum shown in column D.

The credit amount cannot exceed $500 for each unit purchased.

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Form Ct-250 - Credit For Purchase Of An Automated External Defibrillator - 2013 Page 2

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