Regarding the donation, 100% of the qualified contribution can be a deduction and 85% of the qualified contribution as a tax credit. A donor gets the benefit of both a deduction and credit on their NYS tax filing. The itemized deduction would be on Form IT-196 and the credit is shown on Form IT-228.
Per New York State, during the course of an audit, you may be required to provide documentation to substantiate entitlement based on the specific facts of your credit claim. However, you do not have to send in the SUNY Impact Form certificate with the NYS tax return. Please see Checklist for acceptable proof of the contributions to certain funds credit for more information on the recordkeeping requirements for this credit.
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