Form IT-253 Claim for Alternative Fuels Credit - New York

What Is Form IT-253?

This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form IT-253?
A: Form IT-253 is the Claim for Alternative Fuels Credit form used in the state of New York.

Q: What is the Alternative Fuels Credit?
A: The Alternative Fuels Credit is a tax credit provided to individuals and businesses that use alternative fuels to power their vehicles.

Q: Who is eligible to claim the Alternative Fuels Credit?
A: Both individuals and businesses in New York who use alternative fuels for their vehicles may be eligible to claim the credit.

Q: What types of alternative fuels are eligible for the credit?
A: Common alternative fuels eligible for the credit include electricity, natural gas, propane, and hydrogen.

Q: How do I claim the Alternative Fuels Credit?
A: To claim the credit, you must fill out Form IT-253 and submit it with your New York state tax return.

Q: Are there any limitations on the Alternative Fuels Credit?
A: Yes, there are limitations on the credit, such as maximum credit amounts and income restrictions. It is recommended to refer to the instructions and guidelines provided with the form.