New York State Policy Program

Download our 5-page guide to get answers to frequently asked questions about New York's new conservation easement tax credit. Taxpayers whose land is restricted by a conservation easement may receive an annual New York State income tax credit of up to 25% of the school district, county, and town real estate taxes paid on the restricted land, up to an annual maximum of $5,000 per taxpayer. 

Guides

• Conservation Easement Tax Credit Guide (PDF; 37KB)

• Conservation Easement Tax Credit Guide for Non-Residents (Word, 50KB)

• Guide to Filing Your Easement (PDF, 53KB)

• Conservation Easement Tax Credit Fact Sheet

Forms

The Department of Taxation and Finance has posted the taxpayer forms and instructions for the Conservation Easement Tax Credit on its website.

• Individual Taxpayers

  Form IT-242 | Instructions for Form IT-242

• Corporations

  Form CT-242 | Instructions for Form CT-242