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This version of the form is not currently in use and is provided for reference only. Download this version of
Form CT-47
for the current year.
Form CT-47 Claim for Farmers' School Tax Credit - New York
What Is Form CT-47?
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. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form CT-47?
A: Form CT-47 is the Claim for Farmers' School Tax Credit in New York.
Q: Who can use Form CT-47?
A: Farmers in New York who meet certain eligibility criteria can use Form CT-47.
Q: What is the Farmers' School Tax Credit?
A: The Farmers' School Tax Credit is a credit available to farmers in New York to help offset school property taxes.
Q: How do I qualify for the Farmers' School Tax Credit?
A: To qualify for the Farmers' School Tax Credit, you must be actively engaged in farming, meet certain income limits, and have school property taxes assessed on your agricultural land.
Q: How do I file Form CT-47?
A: Form CT-47 can be filed with your New York state income tax return or separately.
Q: When is the deadline to file Form CT-47?
A: The deadline to file Form CT-47 is the same as the deadline for filing your New York state income tax return, typically April 15th.
Q: Is there a limit to the amount of the Farmers' School Tax Credit?
A: Yes, the credit is capped at $500 per eligible farmer.
Q: Can I claim the Farmers' School Tax Credit if I rent farmland?
A: No, the Farmers' School Tax Credit is only available to farmers who own their agricultural land.
Q: Are there any other requirements or documentation needed to claim the Farmers' School Tax Credit?
A: Yes, you may need to provide documentation such as copies of your farm income tax returns, agricultural assessment documents, and proof of ownership of the agricultural land.
Form Details:
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Form CT-47 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
Download Form CT-47 Claim for Farmers' School Tax Credit - New York
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