New York Claim for Alternative Fuels Credit

Claim for Alternative Fuels Credit
Form IT-253 Claim for Alternative Fuels Credit Tax Year 2023
IT-253

Department of Taxation and Finance

Claim for Alternative Fuels Credit
Submit this form with Form IT-201, IT-203, IT-204, or IT-205 (see instructions on back for assistance).
Name(s) as shown on return	

Type of business (if applicable)	

Identifying number as shown on return

Schedule A – Computation of alternative fuels tax credit used and carried over
.00
.00
.00
.00
.00
.00

	1	Enter the carryover credit from last year’s Form IT-253......................................................................... 	1	
	2	 Tax due before credits (see instructions) .................................................................................................. 	 2	
	3	Tax credits claimed before this credit (see instructions) ........................................................................... 	 3	
	 4	 Subtract line 3 from line 2 ......................................................................................................................  	4	
	5	 Amount of credit used for the current tax year (from line 1 or line 4, whichever is less; see instructions) ...... 	 5	
	6	 Amount of credit available for carryover to next year (subtract line 5 from line 1)...................................... 	 6 	

Schedule B – Recapture of alternative-fuel vehicle refueling property credit (see instructions)

	A	
		
	 Tax year	
	 credit allowed	

B	

Total	
recovery	
period	

C	

Years in service	
prior to 	
recapture year	

D	

E	

F	

	Recapture	
Recapture years	
percentage 	
Original	
(column B - column C)	 (column D ÷ column B)	
credit allowed	

			
			
			

G
Credit recapture

(column F × column E)	

.00	
.00	
.00	

	7	 Recaptured alternative-fuel vehicle refueling property credit (add column G amounts)............................. 	 7	
	8	Partner in a partnership, shareholder of an S corporation, or beneficiary of an estate or trust, enter
		  your share of the recapture of the credit (see instructions)  .................................................................. 	 8	
	 9	 Total recaptured alternative fuels credit (add lines 7 and 8; see below) .....................................................  	9	

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

Individuals: Enter the line 9 amount and code 253 on Form IT-201-ATT, line 20 or Form IT-203-ATT, line 19.
Partnerships: Enter the line 9 amount and code 253 on Form IT-204, line 148.
Fiduciaries: Continue with lines 10 and 11.
	10	 Fiduciaries: Enter the amount of recapture allocated to beneficiaries (see instructions) .......................  	10	
	11	 Fiduciary share of recapture (subtract line 10 from line 9; see instructions).................................................. 	 11	

253001230094

.00
.00

IT-253 (2023) (back)

Important information

Instructions

The alternative fuels tax credit expired on December 31, 2010.
For tax years beginning after December 31, 2010, you may only
claim an alternative fuels tax credit carryover or recapture from
previous years.
Use Form IT-253 to claim any carryover credit or to calculate any
recapture of credit.
Partnerships or estates or trusts: Fill out this form only if you
are reporting a recapture of the alternative fuels credit.
Chapter 59 of the Laws of 2013 enacted another alternative
fuels and electric vehicle recharging property credit. For any tax
year beginning on or after January 1, 2013, taxpayers must use
Form IT-637, Alternative Fuels and Electric Vehicle Recharging
Property Credit, to claim this credit, for property placed in service
on or after that date.

Line instructions

See the instructions for your tax return for the Privacy notification
or if you need help contacting the Tax Department.

Schedule A – Computation of alternative fuels
tax credit used and carried over
Line 2
Form IT-201 filers: Enter the tax from Form IT-201, line 39, plus
any amount from Form IT-201-ATT, line 21.
Form IT-203 filers: Enter the tax from Form IT-203, line 46, plus
any amount from Form IT-203-ATT, line 20.
Form IT-205 filers: Enter the tax from Form IT-205, line 8 (for
residents), or line 9 (for nonresidents), plus any credits shown
on line 1 of the Addbacks worksheet, in the instructions for
Form IT-205, line 12.
Line 3 – If you are applying any credits against the tax before
this credit, enter those amounts here.
When applying credits, use the following rules:
• 	First apply any household credit.
• 	Next apply any credits that cannot be carried over or refunded.
• 	Then apply any credits that can be carried over for a limited
duration.
• 	Then apply any credits that can be carried over for an 		
unlimited duration.
• 	Apply refundable credits last.
Line 5 – Enter the amount from line 5 and code 253 on
Form IT-201-ATT, line 6, or Form IT-203-ATT, line 7, or include it
on Form IT-205, line 10.

Schedule B – Recapture of alternative-fuel
vehicle refueling property credit

Note: If you are claiming a recapture for more than three
alternative-fuel vehicle refueling properties, complete as
many Forms IT-253 (name, identification number, and
Schedule B only) as necessary. On the first Form IT-253,
complete Schedule A. Include on line 7 of the first Form IT-253
the total of column G from all additional Forms IT-253. Place
the additional Forms IT-253 behind the first Form IT-253 that
has an entry on line 7. Enter on line 9 the total recaptured credit
computed.
253002230094

If alternative-fuel vehicle refueling property ceases to be
qualified at any time before the end of its recovery period
(depreciable life), a portion of the credit that was previously
allowed must be recaptured.
Alternative-fuel vehicle refueling property ceases to be qualified
if one or more of the following applies:
1.	 The property no longer qualifies as property described in
IRC section 30C; or
2.	 fifty percent or more of the use of the property in a tax year is
other than in a trade or business in New York; or
3.	 the taxpayer receiving the credit sells or disposes of the
property and knows or has reason to know that the property
will be used in a manner described in 1 or 2 above.
If a recapture is required, enter in column A the tax year the
credit was originally allowed. Column B is the total recovery
period (depreciable life) of the property for federal tax purposes.
In column C, enter the number of years the property was in
service prior to the recapture year.
To compute the recapture percentage in column E, divide
column D by column B. To compute the recapture in column G,
enter the original credit allowed in column F, and multiply it by
the column E recapture percentage.
The amount to be recaptured is equal to the credit allowed
multiplied by a fraction. The numerator of the fraction is the total
recovery years of the property minus the years the property
was in service (not including the recapture year), and the
denominator is the total recovery years.
Example: In year one, a taxpayer claims a credit of $10,000 on
refueling property that had a recovery period of ten years. The
taxpayer uses the property for three years and disposes of it in
year four. The recapture is computed as follows:
Total recovery period less number of years
prior to recapture year (10-3)................................  seven years
Total recovery period............................................	

ten years

Recapture % (7/10) ..............................................	70%
Credit originally allowed .......................................	$10,000
Recaptured credit................................................. 	

$7,000

Line 8 – Partner in a partnership, shareholder of an
S corporation, or beneficiary of an estate or trust: Enter your
share of the credit recapture. You can get this information from
your partnership, S corporation, estate, or trust.
Line 10 – Fiduciaries: Enter the total amount of recapture
allocated to beneficiaries. Provide the beneficiaries with their
share of the recapture to be claimed on their tax returns.
Line 11 – Fiduciaries: Transfer the line 11 amount to
Form IT-205, line 12.