IT-637: Alternative Fuels and Electric Vehicle Recharging Property Credit (2025)
New York · NY DTF · Used for tax years 2025
New York Form IT-637 calculates the Alternative Fuels and Electric Vehicle Recharging Property Credit. It reports refueling or recharging property costs, shares of credit received from other entities, credit recapture, and amounts used or carried forward.
Who files this form
Form IT-637 is used to report the Alternative Fuels and Electric Vehicle Recharging Property Credit. The form includes sections for individuals, including sole proprietors, partnerships, estates, and trusts.
It also includes sections for partners, New York S corporation shareholders, and estate or trust beneficiaries who receive a share of the credit or a share of credit recapture from an entity.
The supplied form does not explain the eligibility requirements for the credit.
What you'll need
Have the following forms and information available, as applicable:
- Your Form IT-201, IT-203, IT-204, or IT-205, including the name and identifying number shown on that return.
- Each property's physical address, total cost, and number of pumps or recharging stations.
- The name, entity type, and employer identification number of each entity passing through a credit or recapture amount, along with your share of those amounts.
- Last year's Form IT-637 if you have a carryover credit.
- For estates and trusts, beneficiary names and identifying numbers as shown on Form IT-205, Schedule C, and each beneficiary's share of credit or recapture.
- For credit recapture, the tax year the credit was allowed, total recovery period, years in service before the recapture year, and original credit allowed.
- Tax due before credits and tax credits claimed before this credit.
How to file
Submit Form IT-637 with Form IT-201, IT-203, IT-204, or IT-205.
Partnerships enter the total credit from line 11 and code 637 on Form IT-204, line 147. All other filers complete Schedule G to determine the credit used and the carryover.
The supplied text does not give a mailing address or e-filing instructions.
Questions people ask
How does Schedule A calculate the credit?
For each property entry, divide the total 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.
Where do I report a credit received from an entity?
Complete Schedule B with the entity's information. In Schedule C, report your share from a partnership on line 3, an S corporation on line 4, or an estate or trust on line 5. Add those amounts on line 6.
How much credit can I use for the current tax year?
Schedule G, line 19, uses the lesser of your total credit on line 11 or the amount on line 18. Line 18 is tax due before credits minus tax credits claimed before this credit.
Can unused credit carry over to next year?
The form provides for a carryover. Line 20 calculates the amount available for next year by subtracting the credit used on line 19 from the total credit on line 11. Line 10 is where you enter a carryover from last year's Form IT-637.
Where is credit recapture reported?
Schedule F calculates credit recapture. Line 14 also includes a partner's, S corporation shareholder's, or beneficiary's share of recapture. Line 15 adds those amounts to determine total recaptured credit.