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Department of Taxation and Finance
Investment Tax Credit for the IT-252
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 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 schedule) NAICS code (see instructions)
Part 1 – Computation of credit
1 Available carryover credit from last year’s Form IT-252 .................................................................. 1 .00
2 Total addback of credit (from line 10; fiduciaries: see instructions) ....................................................... 2 .00
3 Total investment tax credit (ITC) and EIC (see instructions) .............................................................. 3 .00
4 Net ITC recapture (see instructions) .................................................................................................. 4 .00
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) 5 .00
6 Beneficiary’s share of addback of credit on early dispositions (see instructions) .............................. 6 .00
7 Partner’s share of addback of credit on early dispositions (see instructions) .................................... 7 .00
8 S corporation shareholder’s share of addback of credit on early dispositions (see instructions) ....... 8 .00
9 Estate’s or trust’s addback of credit on early dispositions (from line 14) ........................................... 9 .00
10 Total (add lines 5 through 9; see instructions) ........................................................................................ 10 .00
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)
.00 .00
.00 .00
.00 .00
11 Total (add amounts in column H and enter here; include total from additional sheets, if any) .............................. 11 .00
12 Interest rate (see instructions) ................................................................................................................... 12
13 Multiply line 11 by line 12 ....................................................................................................................... 13 .00
14 Total addback of credit on early dispositions (add lines 11 and 13) ........................................................... 14 .00
Fiduciaries: Enter the line 14 amount on line 9.
All others: Enter the line 14 amount on line 5.
252001200094
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