Form CT-250 Credit for Purchase of an Automated External Defibrillator - New York

What Is Form CT-250?

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 CT-250?
A: Form CT-250 is a document used in New York to claim the Credit for Purchase of an Automated External Defibrillator.

Q: Who is eligible to use Form CT-250?
A: Any taxpayer in New York who purchased an Automated External Defibrillator (AED) is eligible to use this form.

Q: What is the purpose of the Credit for Purchase of an Automated External Defibrillator?
A: The purpose of this credit is to incentivize individuals and businesses to purchase automated external defibrillators in order to be prepared for cardiac emergencies.

Q: How much is the credit?
A: The credit is equal to 50% of the cost of purchasing an AED, up to a maximum of $500.

Q: How do I claim the credit?
A: To claim the credit, you must complete and file Form CT-250 with the New York State Department of Taxation and Finance.

Q: Is there a deadline to file Form CT-250?
A: Yes, the form must be filed within 1 year from the last day of the taxable year in which the AED was purchased.

Q: Are there any additional requirements to claim the credit?
A: Yes, you must provide proof of purchase and certification that the AED meets the required standards.

Q: Can I claim this credit if I purchased an AED for personal use?
A: Yes, individuals as well as businesses can claim this credit.

Q: Can I claim this credit if I purchased an AED for my business?
A: Yes, if you are a business owner in New York and purchased an AED, you can claim this credit.

Q: Can I claim this credit if I purchased an AED for my non-profit organization?
A: Yes, non-profit organizations in New York are also eligible to claim this credit.