Form CT-250 "Credit for Purchase of an Automated External Defibrillator" - New York

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This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.

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Download Form CT-250 "Credit for Purchase of an Automated External Defibrillator" - New York

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CT-250
Department of Taxation and Finance
Credit for Purchase of an
Automated External Defibrillator
Tax Law – Article 9-A, Section 210-B.13, and Article 33, Section 1511(l)
All filers must enter tax period:
beginning
ending
Legal name of corporation
Employer identification number
File this form with Form CT-3, CT-3-A, CT-3-S, CT-33, CT-33-A, or CT-33-NL.
Part 1 – Computation of credit
(attach additional sheets if necessary; see instructions)
B
C
E
A
D
Defibrillator name/model number
Date purchased
Cost
Credit
Maximum
(enter the lesser of
credit
column C or column D)
$500
$500
$500
$500
$500
Total column E amounts from attached sheets (if any) ................................................................................
1 Total all column E amounts
1
........................................................................................
(see instructions)
2 Credit from partnerships
............................................................................................
2
(see instructions)
3 Total credit computed for the current tax year
3
.........................................................
(add lines 1 and 2)
Part 2 – Computation of credit used
(New York S corporations do not complete this part)
4 Tax before credits
.........................................................................................................
4
(see instructions)
5 Enter other tax credits used
5
.......................................................................................
(see instructions)
6 Net tax
............................................................................................................
6
(subtract line 5 from line 4)
7 Tax limitation -
: Article 9-A - enter the fixed dollar minimum tax from Form CT-3
(enter appropriate tax)
or the designated agent’s fixed dollar minimum tax from Form CT-3-A
Article 33 - enter minimum tax of 250
Article 33 combined filers - multiply the number of taxpayers in the combined group by 250 ..........
7
8 Credit limitation
.......................................
8
(subtract line 7 from line 6; if line 7 is greater than line 6, enter 0)
9 Credit used for the current tax year
...........................................................................
9
(see instructions)
A If you are claiming this credit as a corporate partner, mark an X in the box ......................................................................................
418001210094
CT-250
Department of Taxation and Finance
Credit for Purchase of an
Automated External Defibrillator
Tax Law – Article 9-A, Section 210-B.13, and Article 33, Section 1511(l)
All filers must enter tax period:
beginning
ending
Legal name of corporation
Employer identification number
File this form with Form CT-3, CT-3-A, CT-3-S, CT-33, CT-33-A, or CT-33-NL.
Part 1 – Computation of credit
(attach additional sheets if necessary; see instructions)
B
C
E
A
D
Defibrillator name/model number
Date purchased
Cost
Credit
Maximum
(enter the lesser of
credit
column C or column D)
$500
$500
$500
$500
$500
Total column E amounts from attached sheets (if any) ................................................................................
1 Total all column E amounts
1
........................................................................................
(see instructions)
2 Credit from partnerships
............................................................................................
2
(see instructions)
3 Total credit computed for the current tax year
3
.........................................................
(add lines 1 and 2)
Part 2 – Computation of credit used
(New York S corporations do not complete this part)
4 Tax before credits
.........................................................................................................
4
(see instructions)
5 Enter other tax credits used
5
.......................................................................................
(see instructions)
6 Net tax
............................................................................................................
6
(subtract line 5 from line 4)
7 Tax limitation -
: Article 9-A - enter the fixed dollar minimum tax from Form CT-3
(enter appropriate tax)
or the designated agent’s fixed dollar minimum tax from Form CT-3-A
Article 33 - enter minimum tax of 250
Article 33 combined filers - multiply the number of taxpayers in the combined group by 250 ..........
7
8 Credit limitation
.......................................
8
(subtract line 7 from line 6; if line 7 is greater than line 6, enter 0)
9 Credit used for the current tax year
...........................................................................
9
(see instructions)
A If you are claiming this credit as a corporate partner, mark an X in the box ......................................................................................
418001210094
Page 2 of 2 CT-250 (2021)
Instructions
General information
Column E – Enter for each automated external defibrillator listed in
column A, the lesser of:
A taxpayer may claim the credit for the purchase (other than for resale)
of each automated external defibrillator, as defined under Public Health
• the cost of the automated external defibrillator as shown in column C,
Law section 3000-b (see
), during the tax year.
or
• the $500 maximum shown in column D.
Eligibility
The credit amount cannot exceed $500 for each unit purchased.
The following taxpayers are eligible to claim the credit:
If you purchased more than five automated external defibrillators, list
• Business corporations taxable under Article 9-A
the requested information on a separate sheet and attach the list to this
• Insurance corporations taxable under Article 33
form.
Credit amount
Line 1 – Use line 1 if you own the automated external defibrillator and
you are claiming the credit for the purchase. Do not include on line 1 a
The amount of the credit allowed for each automated external
credit for purchase of an automated external defibrillator received from a
defibrillator purchased (other than for resale) during the tax year is equal
pass-through entity described on line 2.
to the lesser of:
Line 2 – If you have a credit for purchase of an automated external
• the cost to the taxpayer of the automated external defibrillator, or
defibrillator from a pass-through entity that is a partnership, enter on
• $500.
line 2 your pro rata share of the credit received from the partnership.
There is no limit on the number of automated external defibrillators
This information should be provided to you by the partnership. The
purchased during the tax year on which the credit may be claimed.
partnership completes Form IT-250, Claim for Credit for Purchase of
However, the credit cannot exceed $500 for each unit purchased. The
an Automated External Defibrillator, and provides each partner with
credit cannot reduce the tax to less than the following:
their pro rata share of the credit for purchase of an automated external
defibrillator.
• the fixed dollar minimum tax as computed under Article 9-A; or
If you have pass-through credits from more than one partnership, add
• the fixed minimum tax of $250 under Article 33.
them together and enter the amount on line 2.
Any amount of the credit not applied against the current tax year may
If you have no credit for purchase of an automated external defibrillator
not be carried over to the following tax year or years. The credit is not
from a pass-through entity that is a partnership, enter 0.
refundable. Any amount of the credit not applied against the current
tax year may not be claimed as an overpayment of tax. The credit
Part 2 – Computation of credit used
cannot be applied against the metropolitan transportation business tax
(MTA surcharge) under Article 9-A or 33.
New York S corporations: Do not complete Part 2. Transfer the
line 3 amount to Form CT-34-SH and provide each shareholder with
Definition
their pro rata share of the credit. Each shareholder of the New York
S corporation will claim their share of the credit on Form IT-250,
An automated external defibrillator is a medical device, approved by the
Schedule C. For further information, see Form IT-250-I, Instructions for
United States Food and Drug Administration, that:
Form IT-250.
• is capable of recognizing the presence or absence, in a patient, of
ventricular fibrillation and rapid ventricular tachycardia;
A credit that originates in a New York S year flows through to the
individual shareholders of the New York S corporation under Article 22,
• is capable of determining, without intervention by an operator, whether
and the credit cannot be applied against the New York State corporation
defibrillation should be performed on the patient;
franchise tax in a New York S year.
• upon determining that defibrillation should be performed, automatically
charges and requests delivery of an electrical impulse to the patient’s
Line 4 – Enter your franchise tax before credits from the following
franchise tax returns, plus any net recaptured tax credits:
heart; and
• then, upon action by an operator, delivers an appropriate electrical
• Form CT-3, Part 2, line 2
impulse to the patient’s heart to perform defibrillation.
• Form CT-3-A, Part 2, line 2
• Form CT-33, line 11
Line instructions
• Form CT-33-A, line 15
Business corporations taxable under Article 9-A (other than New York
• Form CT-33-NL, line 5
S corporations) and insurance corporations taxable under Article 33
complete Part 1 and Part 2.
Line 5 – 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
New York S corporations: Complete lines 1, 2, and 3, and include
the instructions of your franchise tax return to determine the ordering of
the amount from line 3 on Form CT-34-SH, New York S Corporation
credits.
Shareholders’ Information Schedule.
Article 9-A taxpayers: Refer to Form CT-600-I, Instructions for
Part 1 – Computation of credit
Form CT-600, Ordering of Corporation Tax Credits.
Column A – Enter the name and model number of each automated
If you are included in a combined return, include any amount of tax
external defibrillator (see Definition) that you purchased (other than for
credit(s) being claimed by other members of the combined group,
resale) during the current tax year.
including the automated external defibrillator credit, that you wish to
Column B – Enter the date that the automated external defibrillator
apply before your automated external defibrillator credit.
listed in column A was purchased.
CT-33 and CT-33-A filers, including unauthorized insurance
Column C – Enter the cost of the automated external defibrillator listed
corporations: Do not enter on this line any amount of empire zone
in column A. The term cost means the basis of the property as defined in
(EZ) wage tax credit, zone equivalent area (ZEA) wage tax credit, or EZ
Internal Revenue Code (IRC) section 1012.
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.
Line 9 – Enter the lesser of line 3 or line 8. Transfer this amount to your
franchise tax return.
Need help? and Privacy notification
418002210094
See Form CT-1, Supplement to Corporation Tax Instructions.
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