New York Claim for Fuel Cell Electric Generating Equipment Credit (OBSOLETE)

Claim for Fuel Cell Electric Generating Equipment Credit (OBSOLETE)
Form CT-259:2016:Claim for Fuel Cell Electric Generating Equipment Credit:ct259
CT-259

Department of Taxation and Finance

Claim for Fuel Cell Electric
Generating Equipment Credit

Tax Law – Article 9, Sections 183, 184, 185; Articles 9-A and 33

	

All filers must enter tax period:
beginning
	

Legal name of corporation	

ending

Employer identification number

File this form with Form(s) CT-183, CT-184, CT-185, CT-3, CT-3-A, CT-33, CT-33-A, or CT-33-NL.

Application of fuel cell electric generating equipment credit for the current tax year
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Fuel cell electric generating equipment credit carryforward from preceding tax year.........................	
Tax due before credits (see instructions) ................................................................................................	
Tax credits claimed before fuel cell electric generating equipment credit (see instructions)................. 	
Net tax (subtract line 3 from line 2) ...........................................................................................................	
Minimum tax limitation (see instructions)................................................................................................	
Credit limitation (subtract line 5 from line 4; if line 5 is greater than line 4, enter 0) ...................................... 	
Credit used for the current tax year (see instructions) .......................................................................... 	
Credit to be carried forward (subtract line 7 from line 1) ........................................................................ 	

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

Instructions
General information

Effective for tax years beginning on or after January 1, 2009,
the fuel cell electric generating equipment credit expired. Only
carryforwards may still be utilized.

Credit amount

The credit cannot reduce the tax to less than the following
minimum taxes:
•	 The fixed minimum tax under Article 9, sections 183 and 185
•	 The fixed dollar minimum tax as computed under Article 9-A
•	 The fixed minimum tax of $250 under Article 33
Under Article 9, the credit must first be deducted from the taxes
imposed by section 183. Any credit remaining may then be
deducted from the taxes imposed by section 184.
The credit allowed is not refundable. However, any amount of
credit not claimed in the current tax year may be carried forward
for an unlimited number of tax years. The credit may not be
applied against the metropolitan transportation business tax
(MTA surcharge) under Article 9, 9-A, or 33.

Specific instructions

Eligible transportation and transmission corporations and
cooperative agricultural corporations taxable under Article 9,
section 183, 184, or 185; business corporations (other than
New York S corporations) taxable under Article 9-A (including
former Article 32 taxpayers); and insurance corporations taxable
under Article 33 complete this form.
New York S corporations: Do not complete this form.

524001160094

Application of fuel cell electric generating
equipment credit for the current tax year

Line 2 – Enter your tax before credits using the Lines 2 and 5
entries table.
Line 3 – If you are claiming more than one tax credit for this
year, enter the amount of credits claimed before applying this
tax credit. Refer to the instructions of your franchise tax return 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.
If you are included in a combined return, include any amount of
tax credit(s) being claimed by other members of the combined
group, including the fuel cell electric generating equipment
credit, that you wish to apply before your fuel cell electric
generating equipment credit.
CT-33 and CT-33-A filers, including unauthorized insurance
corporations: Do not enter on this line any amount of empire
zone (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 return, do not include any amount of
these credits being claimed by other members of the combined
group.

Page 2 of 2 CT-259 (2016)
Line 5 – Enter your minimum tax using the Lines 2 and 5 entries
table.

Lines 2 and 5 entries table
Enter on line 2 any
net recaptured tax
credits plus the
amount from
Forms CT-183 and CT-184 Line 4 of
Form CT-183
plus the amount
from line 3 or 4 of
Form CT-184

Enter on line 5 the
minimum tax below

Form CT-185

Line 6

10

Form CT-3

Part 2, line 2

Part 2, line 1c

Form CT-3-A

Part 2, line 2

Part 2, line 1c

Form CT-33

Line 11

250

Form CT-33-A

Line 15

Line 4 plus line 12

Form CT-33-NL

Line 5

250

If you filed

75

Line 7 – Enter the lesser of line 1 or line 6. Transfer this amount
to your franchise tax return.

Need help? and Privacy notification

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

524002160094