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                                                Department of Taxation and Finance
                                                                                                                                                  IT-212
                                                Investment Credit
                                                Tax Law – Section 606(a)

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

 Date you started your business in New York State  Location of the qualified property (if more than one, submit a schedule)                       NAICS code (see instructions)

Part 1 – Computation of credit (see Form IT-212-I, Instructions for Form IT-212)
 Individual    1  Credit from line 25, column F ..........................................................................                    1                                    .00
      or
     fiduciary 2       Credit from line 25, column G  .........................................................................               2                                    .00
               3       Share of investment tax credit from the estate or trust ....................................                           3                                    .00
 Beneficiary
               4       Share of research and development credit from the estate or trust ................                                     4                                    .00

                  Partnership name:
      Partner
                  Employer identification number  .............
               5       Partner’s share of credit shown on Form IT-204-IP, line 49 ............................                                5                                    .00
               6       Partner’s share of credit shown on Form IT-204-IP, line 50 ............................                                6                                    .00

                  S corporation name:
  S corporation
 shareholder      Employer identification number  ............  
               7       Shareholder’s share of investment credit from the S corporation (see instructions) ..                                  7                                    .00
               8       Shareholder’s share of research and development credit from the S corporation (see instr.)                             8                                    .00

               9  Total (add lines 1 through 8) ................................................................................              9                                    .00

  10  Fiduciaries: Enter credit allocated to beneficiaries  .....................................................................             10                                   .00
  11  Subtract line 10 from line 9  ........................................................................................................  11                                   .00
  12  Available carryover credit from last year’s Form IT-212  .............................................................                  12                                   .00
  13  Investment credit (add lines 11 and 12) ..........................................................................................      13                                   .00
  14  Total addback of credit from line 21 (fiduciaries: see instructions)  ..................................................                14                                   .00
  15a Total investment credit (see instructions)  ......................................................................................      15a                                  .00
  15b  Net investment credit recapture (see instructions)  ........................................................................           15b                                  .00

Part 2 – Summary of addback of credit on early dispositions (see instructions)
  16  Individual’s and partnership’s addback of credit on early dispositions (from line 31) ....................                              16                                   .00
  17  Beneficiary’s share of addback of credit on early dispositions  ...................................................                     17                                   .00
  18  Partner’s share of addback of credit on early dispositions  .........................................................                   18                                   .00
  19  S corporation shareholder’s share of addback of credit on early dispositions ............................                               19                                   .00
  20  Estate’s or trust’s addback of credits on early dispositions (from line 31)  ....................................                       20                                   .00
  21  Total (add lines 16 through 20) ....................................................................................................... 21                                   .00

      212001200094



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IT-212 (2020) (back)
Part 3 – Investments in qualified property (see instructions)
      A  Description of property     B  Principal        C  Date     D         E  Investment                     F  Investment credit                             G  Investment
      (list each asset and submit      use of property      acquired   Useful               credit base                 for manufacturing and                             credit for research    
        a schedule if needed)                                            life in                                                                   production, retail     and development
                                                                         years                                          enterprise, waste treatment,                        property
                                                                                                                                                   and pollution control  (column E × 7% (.07))
                                                                                                                                                   property
                                                                                                                        (column E × 4% (.04))
  22                                                                                                                .00                                               .00                     .00
                                                                                                                    .00                                               .00                     .00
                                                                                                                    .00                                               .00                     .00
                                                                                                                    .00                                               .00                     .00
  23  Enter amount from Form IT-212-ATT, line 11 .................................................................. 23                                                .00                          
  24    Enter amount from Form IT-212-ATT, line 19, column C  ................................................      24                                                .00
  25    Total investment credit (add amounts in columns F and G)  ................................................. 25                                                .00                     .00  
        Individuals: Enter the line 25, column F amount on line 1. Enter the line 25, column G amount on line 2.
        Fiduciaries: Enter the line 25, column F amount on line 1 and on the Total line of Part 5, column C.
                      Enter the line 25, column G amount on line 2 and on the Total line of Part 5, column D.
        Partnerships: See instructions.
Part 4 – Early dispositions of qualified property and addback of credit on early dispositions (see instructions)
  A   Description of property    B  Date  C  Date       D  Life E         F  Percentage     G  Total investment credit                                       H  Addback of credit on
      (list each asset and         acquired property ceased (months) Unused life    (E ÷ D)         allowed (see instructions)                                           early dispositions
 submit a schedule if needed)                to qualify              (months)                                                                                             (F × G)
  26                                                                                                                                                    .00                                   .00
                                                                                                                                                        .00                                   .00
                                                                                                                                                        .00                                   .00
                                                                                                                                                        .00                                   .00
  27  Enter amount from Form IT-212-ATT, line 12  ....................................................................................                  27                                    .00
  28    Total (add lines 26 and 27, column H, and enter total here)  ...................................................................                28                                    .00
  29    Interest                                                                                                                                        29                                         rate  ....................................................................................................................................... 
  30    Multiply line 28 by line 29  .................................................................................................................. 30                                    .00
  31    Total addback of credit on early dispositions (add amounts on lines 28 and 30)       ....................................                       31                                    .00
          Fiduciaries: Enter the line 31 amount on line 20.
          All others: Enter the line 31 amount on line 16.
Part 5 – Beneficiary’s and fiduciary’s share of investment credit and addback of credit on early dispositions
          A  Beneficiary’s name            B   Identifying number   C   Share of investment      D  Share of investment                                         E  Share of addback of
        (same as in Form IT-205,                                       credit for manufacturing         credit for research                                 credit on early dispositions
              Schedule C)                                                and production, retail         and development
                                                                     enterprise, waste treatment,                   property
                                                                     and pollution control property
  Total                                                                                         .00                                                     .00                                   .00
                                                                                                .00                                                     .00                                   .00
                                                                                                .00                                                     .00                                   .00
                                                                                                .00                                                     .00                                   .00
  Fiduciary                                                                                     .00                                                     .00                                   .00
Part 6 – Application of credit and computation of refund and carryover (see instructions)
  32a   Total credit (from line 15a) ............................................................................................................. 32a                                        .00
  32b  Tax due before credits  ................................................................................................................    32b                                        .00
  33    Credits that you applied before this credit  ..................................................................................            33                                         .00
  34    Net tax (subtract line 33 from line 32b) ............................................................................................      34                                         .00
  35    Amount of credit used for the current tax year  ....................................................................................       35                                         .00
  36    Amount of credit available for refund or carryover to next year (subtract line 35 from line 32a)               ......                      36                                         .00
  37  Amount of credit to be refunded  .................................................................................................           37                                         .00
  38  Amount of credit available for carryover to next year (subtract line 37 from line 36)  ......................                                38                                         .00
  39  Unused expired tax credits (see instructions)                                                                                                 
          Enter the earliest year (yyyy) of unused credit carryover included in the carryforward ...                                               39                                         .00
  40  Amount of credit to be carried over to next year (subtract line 39 from line 38)  ..............................                             40                                         .00

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