PDF document
- 1 -
                                                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



- 2 -
                                                                                                                                                          IT-252 (2020) Page 2 of 2

Part 4 – Beneficiary’s and fiduciary’s share of addback of credit on early dispositions (see instructions)
                                     A                                                    B                                                                      C
             Beneficiary’s name (same as in Form IT-205, Schedule C)                 Identifying number                                                   Share of addback of credit on
                                                                                                                                                          early dispositions

Total                                                                                                                                                                                  .00
                                                                                                                                                                                       .00
                                                                                                                                                                                       .00
Fiduciary                                                                                                                                                                              .00

Part 5 – Application of credit and computation of carryover

  15 Total credit (from line 3)  ..................................................................................................................... 15                              .00
  16 Tax due before credits (see instructions)  ...........................................................................................            16                              .00 
  17 Credits that you applied before this credit (see instructions)    .............................................................                   17                              .00
  18 Net tax (subtract line 17 from line 16)  ..................................................................................................       18                              .00
  19 Amount of credit used for the current tax year (see instructions)  .......................................................                        19                              .00
  20 Amount of credit available for carryover to next year (subtract line 19 from line 15)  ...........................                                20                              .00
  21 Unused expired tax credits (see instructions)                                                                                                        
      Enter the earliest year (yyyy) of unused credit carryover included in the carryforward ....                                                      21                              .00
  22 Amount of credit to be carried over to next year (subtract line 21 from line 20)  ...................................                             22                              .00

      252002200094






PDF file checksum: 556249142

(Plugin #1/9.12/13.0)