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New York Claim for Farmers' School Tax Credit
Extracted from PDF file 2023-new-york-form-it-217.pdf, last modified October 2006Claim for Farmers' School Tax Credit
Department of Taxation and Finance Claim for Farmers’ School Tax Credit Tax Law - Section 606(n) IT-217 Submit this form with Form IT-201, IT-203, or IT-205 (See Form IT-217-I, Instructions for Form IT-217, for assistance.) Identifying number as shown on return Name(s) as shown on return Note: Before completing this form, complete Form IT-201 through line 33, Form IT-203 through line 32, or Form IT-205 through line B. Part 1 – Eligibility (see instructions) If you mark an X in a No box for item A, B, C, or D, stop; you do not qualify for this credit. A Did you have qualified agricultural property for the tax year? (see instructions) ........................ Yes No B Were eligible school district property taxes paid on that property during the tax year? (see instructions) ............................. Yes No C Complete Worksheet A in the instructions. Is the amount shown on line 6 of Worksheet A less than $300,000? ................................................... Yes No D Form IT-201 and Form IT-203 filers, complete Worksheet C in the instructions. Form IT-205 filers, complete Worksheet D in the instructions. Is the percentage shown on line 28 of Worksheet C or line 28 of Worksheet D at least 0.6667? (see instructions) ............................................ Yes No E If you and one or more related persons (see instructions) each owned qualified agricultural property on March 1 of the tax year, mark an X here and see the instructions for Part 2, line 5 ....... F If all or part of your qualified agricultural property was converted to nonqualified use during the tax year, mark an X here (see instructions) .................... Part 2 – Computation of credit (see instructions) 1 Individuals: Enter the total acres of qualified agricultural property owned by you during the tax year (see instructions) ............................................................................. 1 2 Partners, S corporation shareholders, and beneficiaries of estates and trusts: Enter the amount from Part 4, line 7, column A ............................................................. 2 3 Fiduciaries: Enter fiduciary’s share of qualified agricultural property from Part 5, column C .............. 3 4 Add lines 1, 2, and 3 ............................................................................................................................. 4 5 Enter total base acreage amount (see instructions) ................................................................................. 5 6 Subtract line 5 from line 4 (if zero or less, skip lines 7 and 8, enter 1.0000 (100%) on line 9, and continue on line 10) .... 6 7 Multiply line 6 by 50% (.5)...................................................................................................................... 7 8 Add lines 5 and 7................................................................................................................................... 8 9 Divide line 8 by line 4 and round the result to the fourth decimal place................................................. 9 10 Individuals: Enter the eligible school taxes you paid (see instructions) ....... 10 .00 11 Partners, S corporation shareholders, and beneficiaries of estates and trusts: Enter the amount from Part 4, line 7, column B............... 11 .00 12 Fiduciaries: Enter fiduciary’s share of eligible taxes from Part 5, column D . 12 .00 13 Add lines 10, 11, and 12 ........................................................................................................................ 13 14 Multiply line 13 by line 9......................................................................................................................... 14 15 Enter amount from Worksheet A, line 6, in the instructions (if line 15 amount is $200,000 or less, skip lines 16, 17, and 18, and enter the line 14 amount on line 19; see instr.) 15 .00 16 Enter the excess of line 15 over $200,000 (cannot exceed $100,000)......... 16 .00 17 Divide line 16 by $100,000, and round the result to the fourth decimal place (cannot exceed 1.0000 (100%)) 17 18 Multiply line 14 by line 17....................................................................................................................... 18 19 Farmers’ school tax credit (subtract line 18 from line 14 ; see instructions) ............................................................. 19 217001230094 .00 .00 .00 .00 IT-217 (2023) (back) Part 3 – Partnership, S corporation, and estate or trust information (see instructions) If you were a partner in a partnership, a shareholder of a New York S corporation, or the beneficiary of an estate or trust that owned qualified agricultural property, complete the following information for each partnership, S corporation, or estate or trust. For Type column, enter P for partnership, S for S corporation, or ET for estate or trust. Name of entity Type Employer ID number Part 4 – Partner’s, shareholder’s, or beneficiary’s share of qualified agricultural property and eligible taxes (see instr.) Partner Location of property A – Acres of qualified B – Eligible taxes agricultural property 1 Enter your share of acres of qualified agricultural property from your partnership ........................................... 2 Enter your share of eligible taxes from your partnership ....................................................................... .00 3 Enter your share of acres of qualified agricultural S corporation property from your S corporation ..................................... shareholder 4 Enter your share of eligible taxes from your S corporation ................................................................... .00 Beneficiary 5 Enter your share of acres of qualified agricultural property from the estate or trust .................................................... 6 Enter your share of eligible taxes from the estate or trust .................................................................................. .00 7 Totals ................................................................................... .00 Fiduciaries: Include the line 7, column A amount, on Part 5, column C, and include the line 7, column B amount, on Part 5, column D. All others: Enter the line 7, column A amount, on Part 2, line 2, and enter the line 7, column B amount, on line 11. Part 5 – Beneficiary’s and fiduciary’s share of acres of qualified agricultural property and eligible taxes (see instr.) A – Beneficiary’s name B – Identifying number C – Acres of qualified D – Eligible taxes E – Acres of qualified agricultural property (see instructions) agricultural property (see instructions) converted to nonqualified use (see instructions) .00 Totals .00 .00 Fiduciary .00 Part 6 – Credit recapture on qualified agricultural property converted to nonqualified use (see instructions) A – Total acres of B – Total acres of C – Column A D – Total credit claimed E – Total amount of credit qualified agricultural qualified agricultural ÷ for the two previous to be recaptured property converted to property before column B tax years (column C × column D; see instr.) nonqualified use conversion (see instructions) (see instructions) (see instructions) .00 E 217002230094 .00
Form IT-217 Claim for Farmers' School Tax Credit Tax Year 2023
More about the New York Form IT-217 Individual Income Tax Tax Credit TY 2023
This form is for New York state taxpayers who are eligible for the Farmers' School Tax Credit.
We last updated the Claim for Farmers' School Tax Credit in January 2024, so this is the latest version of Form IT-217, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-217 directly from TaxFormFinder. You can print other New York tax forms here.
Other New York Individual Income Tax Forms:
TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form IT-201 | Individual Income Tax Return |
| IT-201-V | Payment Voucher for Income Tax Returns |
| Form IT-201-D | Resident Itemized Deduction Schedule (DISCONTINUED) |
| Form IT-203 | Nonresident Income Tax Return |
| Form IT-201-I | Individual Income Tax Return Instructions |
View all 272 New York Income Tax Forms
Form Sources:
New York usually releases forms for the current tax year between January and April. We last updated New York Form IT-217 from the Department of Taxation and Finance in January 2024.
Form IT-217 is a New York Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of New York Form IT-217
We have a total of twelve past-year versions of Form IT-217 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form IT-217
Form IT-217 Claim for Farmers' School Tax Credit Tax Year 2023
2022 Form IT-217
Form IT-217 Claim for Farmers' School Tax Credit Tax Year 2022
2021 Form IT-217
Form IT-217 Claim for Farmers' School Tax Credit Tax Year 2021
2020 Form IT-217
Form IT-217 Claim for Farmers' School Tax Credit Tax Year 2020
2019 Form IT-217
Form IT-217:2019:Claim for Farmers' School Tax Credit:it217
2018 Form IT-217
Form IT-217:2018:Claim for Farmers' School Tax Credit:it217
2017 Form IT-217
Form IT-217:2017:Claim for Farmers' School Tax Credit:IT217
2016 Form IT-217
Form IT-217:2016:Claim for Farmers' School Tax Credit:IT217
2015 Form IT-217
Form IT-217:2015:Claim for Farmers' School Tax Credit:IT217
2014 Form IT-217
Form IT-217:2014:Claim for Farmers' School Tax Credit:IT217
2013 Form IT-217
Form IT-217:2013:Claim for Farmers' School Tax Credit:IT217
2012 Form IT-217
Form IT-217:2012:Claim for Farmers' School Tax Credit:IT217
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