New York Claim for Farmers' School Tax Credit

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Claim for Farmers' School Tax Credit
Form IT-217 Claim for Farmers' School Tax Credit Tax Year 2023Department of Taxation and Finance

Claim for Farmers’ School Tax Credit
Tax Law - Section 606(n)

IT-217

Submit this form with Form IT-201, IT-203, or IT-205 (See Form IT-217-I, Instructions for Form IT-217, for assistance.)
Identifying number as shown on return
Name(s) as shown on return
Note: Before completing this form, complete Form IT-201 through line 33, Form IT-203 through line 32, or Form IT-205 through line B.

Part 1 – Eligibility (see instructions)
If you mark an X in a No box for item A, B, C, or D, stop;
you do not qualify for this credit.
A Did you have qualified agricultural property

for the tax year? (see instructions) ........................ Yes

B Were eligible school district property
taxes paid on that property during the
tax year? (see instructions) ............................. Yes

C Complete Worksheet A in the
instructions. Is the amount shown on
line 6 of Worksheet A less than
$300,000? ................................................... Yes

Form IT-201 and Form IT-203 filers, complete Worksheet C
in the instructions. Form IT-205 filers, complete
Worksheet D in the instructions. Is the percentage
shown on line 28 of Worksheet C or line 28 of
Worksheet D at least 0.6667?
(see instructions) ............................................ Yes
No

If you and one or more related persons
(see instructions) each owned qualified agricultural
property on March 1 of the tax year, mark an X
here and see the instructions for Part 2, line 5 .......

F If all or part of your qualified agricultural property
was converted to nonqualified use during the tax
year, mark an X here (see instructions) ....................

Part 2 – Computation of credit (see instructions)
1 Individuals: Enter the total acres of qualified agricultural property
owned by you during the tax year (see instructions) ............................................................................. 1
2 Partners, S corporation shareholders, and beneficiaries of estates
and trusts: Enter the amount from Part 4, line 7, column A ............................................................. 2
3 Fiduciaries: Enter fiduciary’s share of qualified agricultural property from Part 5, column C .............. 3
4 Add lines 1, 2, and 3 ............................................................................................................................. 4
5 Enter total base acreage amount (see instructions) ................................................................................. 5
6 Subtract line 5 from line 4 (if zero or less, skip lines 7 and 8, enter 1.0000 (100%) on line 9, and continue on line 10) .... 6
7 Multiply line 6 by 50% (.5)...................................................................................................................... 7
8 Add lines 5 and 7................................................................................................................................... 8
9 Divide line 8 by line 4 and round the result to the fourth decimal place................................................. 9
10 Individuals: Enter the eligible school taxes you paid (see instructions) ....... 10
.00
11 Partners, S corporation shareholders, and beneficiaries of estates
and trusts: Enter the amount from Part 4, line 7, column B............... 11
.00
12 Fiduciaries: Enter fiduciary’s share of eligible taxes from Part 5, column D . 12
.00
13 Add lines 10, 11, and 12 ........................................................................................................................ 13
14 Multiply line 13 by line 9......................................................................................................................... 14
15 Enter amount from Worksheet A, line 6, in the instructions (if line 15
amount is $200,000 or less, skip lines 16, 17, and 18, and enter the line 14 amount on line 19; see instr.) 15
.00
16 Enter the excess of line 15 over $200,000 (cannot exceed $100,000)......... 16
.00
17 Divide line 16 by $100,000, and round the result to the fourth decimal place (cannot exceed 1.0000 (100%)) 17
18 Multiply line 14 by line 17....................................................................................................................... 18
19 Farmers’ school tax credit (subtract line 18 from line 14 ; see instructions) ............................................................. 19

217001230094

.00
.00

IT-217 (2023) (back)

Part 3 – Partnership, S corporation, and estate or trust information (see instructions)
If you were a partner in a partnership, a shareholder of a New York S corporation, or the beneficiary of an estate or trust that owned
qualified agricultural property, complete the following information for each partnership, S corporation, or estate or trust.
For Type column, enter P for partnership, S for S corporation, or ET for estate or trust.

Name of entity

Type

Employer ID number

Part 4 – Partner’s, shareholder’s, or beneficiary’s share of

qualified agricultural property and eligible taxes (see instr.)
Partner

Location of property

A – Acres of qualified B – Eligible taxes

agricultural property

1 Enter your share of acres of qualified agricultural
property from your partnership ...........................................
2 Enter your share of eligible taxes from your
partnership ....................................................................... .00
3 Enter your share of acres of qualified agricultural

S corporation property from your S corporation .....................................
shareholder
4 Enter your share of eligible taxes from your

S corporation ................................................................... .00

Beneficiary

5 Enter your share of acres of qualified agricultural property
from the estate or trust ....................................................
6 Enter your share of eligible taxes from the estate or
trust .................................................................................. .00
7 Totals ................................................................................... .00

Fiduciaries: Include the line 7, column A amount, on Part 5, column C, and include the line 7, column B amount, on Part 5, column D.
All others: Enter the line 7, column A amount, on Part 2, line 2, and enter the line 7, column B amount, on line 11.

Part 5 – Beneficiary’s and fiduciary’s share of acres of qualified agricultural property and eligible taxes (see instr.)

A – Beneficiary’s name B – Identifying number C – Acres of qualified D – Eligible taxes E – Acres of qualified

agricultural property
(see instructions)
agricultural property

(see instructions)
converted to nonqualified

use (see instructions)

.00
Totals
.00
.00
Fiduciary
.00
Part 6 – Credit recapture on qualified agricultural property converted to nonqualified use (see instructions)
A – Total acres of B – Total acres of C – Column A D – Total credit claimed E – Total amount of credit
qualified agricultural
qualified agricultural
÷
for the two previous
to be recaptured
property converted to
property before
column B
tax years
(column C × column D; see instr.)

nonqualified use
conversion
(see instructions)

(see instructions)

.00 E

217002230094

.00

Extracted from PDF file 2023-new-york-form-it-217.pdf, last modified October 2006

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More about the New York Form IT-217 Individual Income Tax Tax Credit TY 2023

This form is for New York state taxpayers who are eligible for the Farmers' School Tax Credit.

We last updated the Claim for Farmers' School Tax Credit in January 2024, so this is the latest version of Form IT-217, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-217 directly from TaxFormFinder. You can print other New York tax forms here.

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Other New York Individual Income Tax Forms:

TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form IT-201	Individual Income Tax Return Tax Return
IT-201-V	Payment Voucher for Income Tax Returns Voucher
Form IT-201-D	Resident Itemized Deduction Schedule (DISCONTINUED)
Form IT-203	Nonresident Income Tax Return Nonresident
Form IT-201-I	Individual Income Tax Return Instructions Tax Return

Download all NY tax forms View all 272 New York Income Tax Forms

Form Sources:

New York usually releases forms for the current tax year between January and April. We last updated New York Form IT-217 from the Department of Taxation and Finance in January 2024.

Show Sources >

Form IT-217 is a New York Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of New York Form IT-217

We have a total of twelve past-year versions of Form IT-217 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form IT-217

Form IT-217 Claim for Farmers' School Tax Credit Tax Year 2023

2022 Form IT-217

Form IT-217 Claim for Farmers' School Tax Credit Tax Year 2022

2021 Form IT-217

Form IT-217 Claim for Farmers' School Tax Credit Tax Year 2021

2020 Form IT-217

Form IT-217 Claim for Farmers' School Tax Credit Tax Year 2020

2019 Form IT-217

Form IT-217:2019:Claim for Farmers' School Tax Credit:it217

2018 Form IT-217

Form IT-217:2018:Claim for Farmers' School Tax Credit:it217

2017 Form IT-217

Form IT-217:2017:Claim for Farmers' School Tax Credit:IT217

2016 Form IT-217

Form IT-217:2016:Claim for Farmers' School Tax Credit:IT217

2015 Form IT-217

Form IT-217:2015:Claim for Farmers' School Tax Credit:IT217

2014 Form IT-217

Form IT-217:2014:Claim for Farmers' School Tax Credit:IT217

2013 Form IT-217

Form IT-217:2013:Claim for Farmers' School Tax Credit:IT217

2012 Form IT-217

Form IT-217:2012:Claim for Farmers' School Tax Credit:IT217

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