The following documents are New York State tax forms that are related to heating oil. We are providing these documents as a service to our customer. The following is provided for informational purposes only. Please contact the NYS Department of Tax and Finance for current rules.
Note on Terminology: The NYS Department of Tax and Finance, considers heating oil "unenhanced diesel fuel." So wherever you see this term, remember they are referring to #2 heating oil.
The first document is instructions on how to obtain the BioFuels Clean Energy Tax Credit, and the Heating System Tax Credit (up to $500) for Energy Star replacement heating systems.
The second document is the TP-385. This should be filled out for any property that is heated for residential purposes. If a percentage of the property is residential/commercial, indicate the percentage. Sign the form and mail it to us. It provides for exemption from petroleum business tax and sales tax.
The third document is the FT-1021. This should be filled out by religious institutions or organizations granted exemption from sales tax under sections 1116(a)(4) or 1116(a)(5) of the Tax Law. This would include charitable, scientific, public safety, literary, educational, national or amateur sports, prevention of cruelty to animal associations, or veteran associations. It allows for the exemption of petroleum business tax and sales tax.
The fourth document is the Certificate of Capitol Improvement. This exempts a consumer from paying sales tax on Capitol Improvements such as heating equipment installations.
The fifth document is the Manufacturing Certification for Petroleum Business Tax and Sales Tax exemption. If you are a manufacturer, you need to fill out this form to become exempt from these taxes. This form covers all types of heating oil.
