New York Investment Tax Credit for the Financial Services Industry

Investment Tax Credit for the Financial Services Industry
Form IT-252 Investment Tax Credit for the Financial Services Industry Tax Year 2023
IT-252

Department of Taxation and Finance

Investment Tax Credit for the
Financial Services Industry
Tax Law – Article 22, Sections 606(a) and 606(a-1)

Submit this form with Form IT-201, IT-203, IT-204, or IT-205.
	 Name(s) as shown on return	

Type of business	

	 Date you started your business in New York State	

Identifying number as shown on return

Location of the qualified property (if more than one, submit schedule)	

NAICS code (see instructions)

Part 1 – Computation of credit
1	
2	
3	
4	

.00	
.00	
.00	
.00	

5	
6	
7	
8	
9	

.00
.00
.00
.00
.00

	10	 Total (add lines 5 through 9; see instructions) ........................................................................................	 10	

.00

	1	Available carryover credit from last year’s Form IT-252 ...................................................................	
	2	Total addback of credit (from line 10; fiduciaries: see instructions)........................................................	
	3	Total investment tax credit (ITC) and EIC (see instructions) ...............................................................	
	4	Net ITC recapture (see instructions) ...................................................................................................	

Part 2 – Summary of addback of credit on early dispositions
	5	Individual’s and partnership’s addback of credit on early dispositions (from line 14; see instructions) .	
	6	Beneficiary’s share of addback of credit on early dispositions (see instructions) ...............................	
	7	Partner’s share of addback of credit on early dispositions (see instructions) .....................................	
	8	S corporation shareholder’s share of addback of credit on early dispositions (see instructions) ........	
	9	Estate’s or trust’s addback of credit on early dispositions (from line 14) ............................................	

Part 3 – Early dispositions of qualified property and addback of credit on early dispositions (see instructions)
	

A	

B	

C	 D	E	

F	

G	

H

	
Description of property	
Date	
Date property	
Life	
Unused life	
Percentage	
Total investment tax	
Addback of credit on
	(list each asset and use a schedule if needed)	
acquired	
ceased to qualify	 (months)	 (months)	
(E ÷ D)	
credit allowed	
early dispositions
								 (F × G)

	11	Total (add amounts in column H and enter here; include total from additional sheets, if any) ...............................	
	12	 Interest rate (see instructions) ....................................................................................................................	
	13	 Multiply line 11 by line 12 ........................................................................................................................	
	14	 Total addback of credit on early dispositions (add lines 11 and 13) ............................................................	
	Fiduciaries: Enter the line 14 amount on line 9.
	
All others: Enter the line 14 amount on line 5.

252001230094

.00	
.00	
.00	

11	
12
13	
14	

.00
.00
.00
.00
.00
.00

IT-252 (2023)  Page 2 of 2

Part 4 – Beneficiary’s and fiduciary’s share of addback of credit on early dispositions (see instructions)
A	

	

B	C

	
Beneficiary’s name (same as in Form IT-205, Schedule C)	
Identifying number	
			

Share of addback of credit on
early dispositions

.00
.00
.00
.00

Total	

	
	

Fiduciary	

Part 5 – Application of credit and computation of carryover
	15	 Total credit (from line 3) ......................................................................................................................	
	16	 Tax due before credits (see instructions) ............................................................................................	
	17	 Credits that you applied before this credit (see instructions) ..............................................................	
	18	 Net tax (subtract line 17 from line 16) ...................................................................................................	
	19	 Amount of credit used for the current tax year (see instructions) ........................................................	
	20	 Amount of credit available for carryover to next year (subtract line 19 from line 15) ............................	
	21	 Unused expired tax credits (see instructions) 		
		  Enter the earliest year (yyyy) of unused credit carryover included in the carryforward.....	
	22	 Amount of credit to be carried over to next year (subtract line 21 from line 20) ....................................	

252002230094

15	
16	
17	
18	
19	
20	
	
21	
22	

.00
.00	
.00
.00
.00
.00
.00
.00