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  • It 241 Instructions

Get It 241 Instructions

An S corporation does not file Form IT-241 it must file Form CT-241 Claim for Clean Heating Fuel Credit. If you are a shareholder in an S corporation that made the election under Tax Law section 660 obtain your share of the corporation s credit from the S corporation and report it on Form IT-241. Specific instructions See the instructions for your tax return for the Privacy notification or if you need help contacting the Tax Department. New York .

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Credit calculation The credit amount equals one cent per gallon for each percent of biodiesel included in the bioheating fuel, not to exceed twenty cents per gallon. You claim the credit in the tax year you purchased qualifying bioheating fuel.

The NYS Clean Heat program encourages residents, small businesses, and commercial and multifamily building owners to cold climate air source heat pumps (ASHP) and energy efficient ground source heat pumps (GSHP) and heat pump water heaters (HPWH).

Tax incentives: A federal tax credit worth 30% of the project cost (limit of $2,000) is available. Check with your tax advisor for any other state or federal tax incentives for clean heat upgrades.

Heat Pump Program (NYS Clean Heat): Through this program, NYSERDA provides participating installers with: $500 per qualified ASHP system installed to be used to grow your ASHP business. Ability to pass incentives onto customers under certain installation conditions.

Credit calculation The credit amount equals one cent per gallon for each percent of biodiesel included in the bioheating fuel, not to exceed twenty cents per gallon. You claim the credit in the tax year you purchased qualifying bioheating fuel.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232