New York Election or Termination of Election to Deem Income for Purposes of the Farmers School Tax Credit

Election or Termination of Election to Deem Income for Purposes of the Farmers School Tax Credit
Form CT-47.1:8/17:Election or Termination of Election to Deem Income for Purposes of the Farmers’ School Tax Credit:ct471
CT-47.1
Election or Termination of Election to Deem
(8/17)
Income for Purposes of the Farmers’ School Tax Credit
Department of Taxation and Finance

	 Employer identification number (EIN)	
	 Legal name of corporation 	

		Telephone number

For office use only

	(       )

			

Date received

Mailing address

	 DBA or trade name (if any)

	 Mailing name (if different from legal name)
	 c/o
	 Number and street or PO box	

			

	 City	

	

State	

1	 Mark an X in the appropriate box:
	
	
Election (complete lines 2 and 3)	

ZIP code

Termination of election due to	
shareholder(s) consent	

Termination of election due to
cessation of corporation eligibility (complete line 4)

2	 Due date, disregarding any extension, of the corporation’s tax return for the year for which the election is to be effective (see instr.)
3	 Ending date for tax year for which this election is to be effective (see instructions)
4	 Date of cessation (see instructions) 	

	

	

(mmddyy)

(mmddyy)	

(mmddyy)

Shareholders’ consent and individual affirmation: By signing below the shareholders of the above corporation agree to make or terminate, as
applicable, the election described in Tax Law, Article 22, section 606(n)(9), and certify that the personal information given below is to the best of their
knowledge and belief true, correct, and complete. If shareholders holding more than one-half, by vote and value, of the shares of stock of the corporation
agree to make the election, then all shareholders, other than New York C corporations, must take into account their pro rata shares of the corporation’s
income and principal payment on farm indebtedness as required in Tax Law section 606(n)(9). Such election is terminated if shareholders holding more
than one-half, by vote and value, of the shares of stock of the corporation agree to such termination.
See instructions if a continuation sheet or a separate consent statement is needed.
B
C
A
Social security number
Shareholder’s signature (see instructions)
Name and address of each
or EIN
To be valid, all shareholders agreeing to election
shareholder agreeing to election or termination
(see instructions)
or termination must signify consent by signing below.
(include ZIP code; see instructions)

Certification: I certify that this election or termination and any attachments are to the best of my knowledge and belief true, correct,
and complete.
Authorized
person
Paid
preparer
use
only

(see instr.)

Printed name of authorized person	

Signature of authorized person	

	 E-mail address of authorized person	
	 Firm’s name (or yours if self-employed)	
	 Signature of individual preparing this election	
	 E-mail address of individual preparing this election	

See instructions for where to file.

Official title
Telephone number	

(		

	
Address	
	

)

Firm’s EIN	

Date
Preparer’s PTIN or SSN

City	
Preparer’s NYTPRIN	

State	
or	

Excl. code	 Date

ZIP code