CT-241: Claim for Clean Heating Fuel Credit (2024)
New York · NY DTF · Used for tax years 2024
Form CT-241 is used by corporations to claim New York’s clean heating fuel credit and is attached to Form CT-3, CT-3-A, or CT-3-S. It calculates the credit from bioheating fuel purchases and credits passed through from partnerships, and, for corporations other than New York S cor
Who files this form
Form CT-241 is for corporations claiming the clean heating fuel credit. Attach it to Form CT-3, CT-3-A, or CT-3-S.
The form also covers clean heating fuel credits passed through from partnerships. If you are claiming the credit as a corporate partner, mark an X in box A.
What you'll need
Have the following information ready to complete the form:
- Your corporation’s legal name, employer identification number (EIN), and tax period beginning and ending dates.
- Fuel purchase dates, gallons of bioheating fuel eligible for the credit, and the percentage of biodiesel per gallon.
- If claiming partnership credits, each partnership’s name, EIN, and allocated credit amount.
- If completing Part 2, tax due before credits, credits claimed before this credit, and the fixed dollar minimum tax.
Form CT-241 must be attached to Form CT-3, CT-3-A, or CT-3-S.
How to file
Attach Form CT-241 to Form CT-3, CT-3-A, or CT-3-S.
- Enter the tax period, corporation’s legal name, and EIN.
- Complete Part 1 to calculate the available credit.
- Complete Part 3 only if you entered a partnership credit on line 2. Enter the Part 3 total on both line 13 and line 2.
- New York S corporations transfer the line 3 amount to Form CT-34-SH and do not complete Part 2.
- Other filers use Part 2 to calculate the credit used, refunded, and credited as an overpayment to next year’s tax.
The supplied form text does not give a mailing address or e-filing directions.
Common mistakes
- Do not leave the tax period blank. All filers must enter beginning and ending dates.
- Enter the biodiesel percentage in column C as a decimal, at least .06 and no more than .20.
- If line 8 is negative after subtracting line 7 from line 6, enter 0.
- New York S corporations must not complete Part 2. Transfer the line 3 amount to Form CT-34-SH.
- Complete Part 3 only if you entered an amount on line 2.
Questions people ask
How is the total available credit calculated?
Add the credit amount on line 1 and the partnership credits on line 2. Enter the total on line 3.
Where do I report credits passed through from partnerships?
List each partnership’s name, EIN, and allocated credit amount in Part 3. Enter the total on line 13 and line 2. Mark box A if claiming the credit as a corporate partner.
What do New York S corporations do with the credit?
Transfer the line 3 amount to Form CT-34-SH, New York S Corporation Shareholders’ Information Schedule. Do not complete Part 2.
Where are unused credit amounts reported?
Line 10 shows unused credit. Line 11 reports the amount to be refunded, and line 12 reports the amount credited as an overpayment to next year’s tax. The form refers filers to the instructions for these entries.