Get Form It-253: 2000 , Alternative Fuels Credit, It253 - Tax Ny

Filling out Form IT-253 is essential for those claiming the alternative fuels credit for eligible vehicles and refueling property. This guide provides step-by-step instructions to assist users in completing the form accurately and efficiently.

Follow the steps to fill out Form IT-253 online with ease.

1. Click ‘Get Form’ button to obtain the form and open it for editing.
2. Begin by entering the name(s) as shown on your tax return in the designated field.
3. Input the type of business conducted, as required on the form.
4. Enter the identifying number as indicated on your return.
5. Proceed to Schedule A, Part I, to report credits for electric vehicles. Fill in the date the vehicle was placed in service and the total cost of the electric vehicle.
6. In Part I, columns C through G, provide the necessary calculations for the cost of a similar gas-powered vehicle and determine the incremental cost.
7. Continue to calculate the total credit for electric vehicles by multiplying the values in column E by the rate in column D and entering the lesser amount in column G.
8. Move to Part II, where you will report credit for clean-fuel vehicle property. Complete sections for vehicles with a gross weight rating of less or exceeding 14,000 pounds as appropriate.
9. Calculate the amounts for costs of clean-fuel vehicle property and follow the same steps as in Part I for calculating credits.
10. Next, fill out Part III regarding clean-fuel vehicle refueling property, entering all required financial details.
11. For Part IV, indicate the vehicle placed in service and the New York State registration number for qualified hybrid vehicles.
12. Add up the totals from all parts of the form, ensuring accurate sums are reported.
13. Finally, save the completed form, and use the options available to download, print, or share your submission as needed.

Complete your documents online today and ensure your credits are claimed promptly.