New York Claim for Alternative Fuels Credit

Claim for Alternative Fuels Credit
Form CT-40 Claim for Alternative Fuels Credit Tax Year 2023
Department of Taxation and Finance

Claim for Alternative Fuels Credit
	

CT-40

All filers must enter tax period:

	beginning	
Legal name of corporation	

ending
Employer identification number (EIN)

Attach this form to your tax return (See Form CT-40‑I, Instructions for Form CT‑40, for assistance)

Credit summary information (See instructions; complete Sections 1 and 2 as appropriate before completing this summary.)

	 1	 Alternative fuels credit from preceding tax years (see instructions).................................................... 	 1
	 2	 Alternative fuels credit received from affiliates (see instructions) ....................................................... 	2
	 3	 Credit available before transfer and recapture (add lines 1 and 2) ..................................................... 	 3
	 4	 Alternative fuels credit transferred to affiliates (see instructions) ....................................................... 	 4
	 5	 Credit available after transfer to affiliates (subtract line 4 from line 3) ................................................. 	 5
	 6	 Recapture of alternative fuels credit (from line 17) ............................................................................ 	 6
	 7	 Credit available after transfer and recapture (see instructions).......................................................... 	 7
	 8	 Enter your franchise tax due before credits (see instructions)............	 8
	9	Enter any other credits applied before this credit for this tax period (see instr.) 	9
	10	 Subtract line 9 from line 8................................................................	 10
	11	 Tax limitation (see instructions) ..........................................................	 11
	12	 Alternative fuels credit limitation (subtract line 11 from line 10; if the
		  result is negative, enter 0)............................................................... 	 12
	 13	 Credit used (see instructions) ............................................................................................................. 	 13
	14	 Unused credit to be carried forward (subtract line 13 from line 7) ........................................................ 	 14

Section 1 – Computation of credit recapture on alternative fuel vehicle refueling property (see instructions)
A
Tax year
credit
allowed

B
Total recovery
period of
property

C
Years in service
prior to
recapture year

D
Recapture years

(column B - column C)

E
Recapture %

(column D ÷ column B)

F
Original
credit
allowed

G
Credit
recapture

(column E × column F)

	15	 Recaptured alternative fuel vehicle refueling property credit (add column G amounts) ......................... 	 15
	16	 Partners in a partnership: enter your share of the recapture of the credit (see instructions) ..................	 16
	17	 Total recaptured credit (add lines 15 and 16; enter here and on line 6; S corporations, see instructions) ........ 	 17

Section 2 – Election to transfer credits (Article 9-A taxpayers only) (see instructions)

Part A – Alternative fuels credits received from affiliates (see instructions; attach additional sheets if necessary)
	
Tax year	
Transferor corporation name	
EIN	
Credit received
	18
	19
	20
	21	 Total credit received from affiliates (add lines 18, 19, and 20; include total from attached sheets,
		  if any; enter here and on line 2) 	...........................................................................................................	 21
Certification of transferor corporation (for line 18): I certify that I am an authorized person for the transferor named above. On behalf
of that corporation, I elect to transfer to the taxpayer the amount of credit shown above.
	 Signature of authorized person	

Official title	

Transferor corporation name	

Date

A  If you are claiming this credit as a corporate partner, mark an X in the box......................................................................................

447001230094

Page 2 of 2  CT-40 (2023)

Certification of transferor corporation (for line 19): I certify that I am an authorized person for the transferor named on page 1. On
behalf of that corporation, I elect to transfer to the taxpayer the amount of credit shown on page 1.
	 Signature of authorized person	

Official title	

Transferor corporation name	

Date

Certification of transferor corporation (for line 20): I certify that I am an authorized person for the transferor named on page 1. On
behalf of that corporation, I elect to transfer to the taxpayer the amount of credit shown on page 1.
	 Signature of authorized person	

Official title	

Transferor corporation name	

Date

Certification of transferee corporation (for line 21): I certify that I am an authorized person for the taxpayer. On behalf of that
corporation, I elect to receive from the affiliated corporation(s) named on page 1 the amount of credit shown on line 21 on page 1.

	 Signature of authorized person	

Official title	

Transferee corporation name	

Part B – Alternative fuels credits transferred to affiliates (see instructions; attach additional sheets if necessary)

	
Tax year	
Transferee corporation name	
EIN	
	22
	23
	24
	 25	 Total credit transferred to affiliates (add lines 22, 23, and 24; include total from attached sheets,
		  if any; enter here and on line 4) ...........................................................................................................	 25

Date

Credit transferred

Certification of transferee corporation (for line 22): I certify that I am an authorized person for the transferee corporation named
above. On behalf of that corporation, I elect to receive from the taxpayer the amount of credit shown above.
	 Signature of authorized person	

Official title	

Transferee corporation name	

Date

Certification of transferee corporation (for line 23): I certify that I am an authorized person for the transferee corporation named
above. On behalf of that corporation, I elect to receive from the taxpayer the amount of credit shown above.
	 Signature of authorized person	

Official title	

Transferee corporation name	

Date

Certification of transferee corporation (for line 24): I certify that I am an authorized person for the transferee corporation named
above. On behalf of that corporation, I elect to receive from the taxpayer the amount of credit shown above.
	 Signature of authorized person	

Official title	

Transferee corporation name	

Date

Certification of transferor corporation (for line 25): I certify that I am an authorized person for the taxpayer. On behalf of that
corporation, I elect to transfer to the affiliated corporation(s) named above the amount of credit shown on line 25 above.

	 Signature of authorized person	

447002230094

Official title	

Transferor corporation name	

Date