CT-637: Alternative Fuels and Electric Vehicle Recharging Property Credit (2025)
New York · NY DTF · Used for tax years 2025
Form CT-637 is used by corporations to calculate New York’s Alternative Fuels and Electric Vehicle Recharging Property Credit. It reports property costs, credit amounts, credits allocated from partnerships, and any credit carryforward or recapture.
Who files this form
Form CT-637 is for corporations claiming the Alternative Fuels and Electric Vehicle Recharging Property Credit. The form also provides for credit allocated to corporate partners by partnerships.
File it with Form CT-3, CT-3-A, CT-3-S, CT-183, or CT-184. The form refers filers to instructions for additional details, but no instructions were provided here.
What you'll need
The form asks for the following information:
- The corporation’s legal name, employer identification number (EIN), and tax period beginning and ending dates.
- Each refueling or recharging property’s physical address, total cost, and number of pumps or recharging stations.
- Credit amounts allocated by partnerships, along with each partnership’s name and EIN, if applicable.
- Unused credit carried over from previous years, except for New York S corporations.
- For Schedule C, tax due before credits, credits claimed before this credit, and minimum tax.
- For credit recapture, the year the credit was allowed, the property’s recovery period, years in service before the recapture year, and the original credit allowed.
How to file
File Form CT-637 with Form CT-3, CT-3-A, CT-3-S, CT-183, or CT-184.
The supplied form does not give a mailing address or e-filing directions.
Common mistakes
- Leaving the tax period blank: All filers must enter beginning and ending dates.
- Missing the corporate partner box: Mark an X in box A if you are claiming the credit as a corporate partner.
- Entering a carryover for a New York S corporation: New York S corporations must not make an entry on line 4.
- Completing Schedule C as a New York S corporation: The form says New York S corporations do not complete this part.
- Overlooking special instructions for New York S corporations: Lines 5 and 6 direct these corporations to the instructions, which are not included in the supplied text.
Questions people ask
How does Schedule A calculate the credit amount?
Divide the total property cost in column B by the number of pumps or recharging stations in column C, then multiply by 50%. Enter the lesser of that result or $5,000 in column E. Multiply column E by the number in column C to get column F. The form refers filers to instructions for property and cost details.
Where do I report credit allocated by a partnership?
Enter the partnership’s name, EIN, and allocated credit in Schedule E. Enter the total on line 18 and carry it to line 3.
How much credit can I use this year?
For filers completing Schedule C, line 13 is the lesser of the available credit on line 7 or the credit limitation on line 12. Enter that amount on your franchise tax return as well. New York S corporations do not complete Schedule C.
Where is unused credit shown?
Schedule C, line 14, shows the credit to carry forward: line 7 minus line 13. New York S corporations do not complete this schedule.
Where do I report recaptured credit?
Use Schedule D. Add the recaptured credit on line 15 and your partnership share of recapture on line 16. Enter the total on line 17 and carry it to line 6. The form refers filers to instructions for recapture details.