Instructions for Form IT-236 Credit for Taxicabs and Livery Service Vehicles Accessible to Persons With Disabilities for Costs Incurred on or After January 1, 2011 - New York

Form IT-236 Credit for Taxicabs and Livery Service Vehicles Accessible to Persons With Disabilities for Costs Incurred on or After January 1, 2011 - New York

This document contains official instructions for Form IT-236 , Credit for Taxicabs and Livery Service Vehicles Accessible to Costs Incurred on or After January 1, 2011 - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-236 is available for download through this link.

FAQ

Q: What is Form IT-236?A: Form IT-236 is a tax form in New York for claiming the Credit for Taxicabs and Livery Service Vehicles Accessible to Persons With Disabilities.

Q: What is the purpose of Form IT-236?A: The purpose of Form IT-236 is to allow individuals or businesses to claim a tax credit for costs incurred related to taxicabs and livery service vehicles accessible to persons with disabilities.

Q: What expenses can be claimed on Form IT-236?A: Expenses related to the purchase or modification of taxicabs and livery service vehicles to make them accessible to persons with disabilities can be claimed on Form IT-236.

Q: What is the tax credit amount for Form IT-236?A: The tax credit amount for Form IT-236 is equal to 50% of the eligible expenses, up to a maximum of $10,000 per taxicab or livery service vehicle.

Q: What are the eligibility requirements for claiming the credit?A: To claim the credit, the taxicabs or livery service vehicles must be used primarily in New York State for transporting persons with disabilities, and must meet certain accessibility standards.

Q: When should Form IT-236 be filed?A: Form IT-236 should be filed with your New York State tax return for the tax year in which the expenses were incurred.