Form Ct-259 - Claim For Fuel Cell Electric Generating Equipment Credit - 2012
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2CT-259
New York State Department of Taxation and Finance
Claim for Fuel Cell Electric
Generating Equipment Credit
Tax Law — Article 9, Sections 183, 184, 185; Articles 9-A, 32, and 33
All filers must enter tax period:
beginning
ending
Legal name of corporation
Employer identification number
File this form with Form(s) CT-183, CT-184, CT-185, CT-3, CT-3-A, CT-32, CT-32-A, CT-33, CT-33-A, or CT-33-NL.
Application of fuel cell electric generating equipment credit for the current tax year
1 Fuel cell electric generating equipment credit carryforward from preceding tax year ......................
1
2 Tax due before credits
...............................................................................................
2
(see instructions)
3 Tax credits claimed before fuel cell electric generating equipment credit
...............
3
(see instructions)
4 Net tax
4
..........................................................................................................
(subtract line 3 from line 2)
5 Minimum tax limitation
...............................................................................................
5
(see instructions)
6 Credit limitation
.....................................
6
(subtract line 5 from line 4; if line 5 is greater than line 4, enter 0)
7 Credit used for the current tax year
7
.........................................................................
(see instructions)
8 Credit to be carried forward
.......................................................................
8
(subtract line 7 from line 1)
Instructions
Temporary deferral of certain tax credits
Under Article 9, the credit must first be deducted from the taxes
imposed by section 183. Any credit remaining may then be
For tax years beginning on or after January 1, 2010, and before
deducted from the taxes imposed by section 184.
January 1, 2013, if the total amount of certain credits that you
may use to reduce your tax or have refunded to you is greater
The credit allowed is not refundable. However, any amount of
than $2 million, the excess over $2 million must be deferred
credit not claimed in the current tax year may be carried forward
to, and used or refunded in, tax years beginning on or after
for an unlimited number of tax years. The credit may not be
January 1, 2013. For more information about the credit deferral,
applied against the metropolitan transportation business tax
see Form CT-500, Corporation Tax Credit Deferral.
(MTA surcharge) under Article 9, 9-A, 32, or 33.
If you are subject to the credit deferral, you must complete all
Line instructions
credit forms without regard to the deferral. However, the credit
Eligible transportation and transmission corporations and
amount that is transferred to your tax return to be applied
cooperative agricultural corporations taxable under Article 9,
against your tax due or to be refunded to you may be reduced.
section 183, 184, or 185; general business corporations (other
Follow the instructions for Form CT-500 to determine the
than New York S corporations) taxable under Article 9-A;
amounts to enter on your tax return.
banking corporations taxable under Article 32; and insurance
General information
corporations taxable under Article 33 complete this form.
Effective for tax years beginning on or after January 1, 2009,
New York S corporations: Do not complete this form.
the fuel cell electric generating equipment credit expired. Only
Shareholders must claim any credit carryforward from preceding
carryforwards may still be utilized.
tax years on Form IT-259, Claim for Fuel Cell Electric Generating
Equipment Credit.
Credit amount
Application of fuel cell electric generating
The credit cannot reduce the tax to less than the following
equipment credit for the current tax year
minimum taxes:
Line 2 — Enter your tax before credits using the Lines 2 and 5
• The fixed minimum tax under Article 9, sections 183 and 185
entries table.
• The larger of the tax on minimum taxable income (MTI) base
or fixed dollar minimum tax as computed under Article 9-A
Line 3 — If you are claiming more than one tax credit for this
year, enter the amount of credits claimed before applying this
• The fixed minimum tax of $250 computed under Article 32
tax credit. Refer to the instructions of your franchise tax return
• The fixed minimum tax of $250 under Article 33
to determine the order of credits. Otherwise, enter 0.
Article 9-A taxpayers: Refer to Form CT-600-I, Instructions for
Form CT-600, Ordering of Corporation Tax Credits.
524001120094
If you are included in a combined return, include any amount of
tax credit(s) being claimed by other members of the combined
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