Form It-242 - Claim For Conservation Easement Tax Credit - 2013
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1
2New York State Department of Taxation and Finance
IT-242
Claim for Conservation Easement
Tax Credit
Fiscal-year filers enter tax period:
Tax Law – Article 22, Section 606(kk)
beginning
and ending
Submit this form with Form IT-201, IT-203, IT-204, or IT-205.
Name(s) as shown on return
Identifying number as shown on return
Part 1
Individual (including sole proprietor), partnership, and estate or trust
–
(submit additional sheets if necessary; see instructions)
A
B
C
D
E
(Allocated) allowable
Multiply column A
Other real property
Subtract column
Enter the lesser of
Conservation
real property taxes
by 25% (.25)
tax credits
C from A
column B or D
easement
(see instructions)
(see instructions)
.
.
.
.
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1
00
00
00
00
00
.
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2
00
00
00
00
00
.
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3
00
00
00
00
00
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.
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4
00
00
00
00
00
1 Total of column E amounts from additional sheet(s), if any .........................................................
00
.
1
2 Total of all column E amounts
..........................................................
00
.
2
(include any amount on line 1)
Fiduciary: Include the line 2 amount on the Total line of Part 4, column C.
All others: Enter the line 2 amount on line 6.
Part 2
Partnership, estate, and trust information
–
(see instructions)
If you received a share of the conservation easement tax credit from a partnership, estate, or trust, complete the following information for
each partnership, estate, or trust. For Type, enter P for partnership or ET for estate or trust.
Name of entity
Type
Employer identification number
Partner’s or beneficiary’s share of credit
Part 3
–
(see instructions)
3 Enter your share of the credit from your partnership(s) ...................................
00
Partner
.
3
Beneficiary
4 Enter your share of the credit from the estate or trust .....................................
00
.
4
.....................................................................................
00
5 Total
.
(add lines 3 and 4)
5
Fiduciary that is also a partner or beneficiary of another entity: Include the line 5 amount on the Total line of Part 4, column C.
All others: Enter the line 5 amount on line 7.
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