New York Claim for Rehabilitation of Historic Properties Credit

Claim for Rehabilitation of Historic Properties Credit
Form CT-238 Claim for Rehabilitation of Historic Properties Credit Tax Year 2023CT-238

Department of Taxation and Finance

Claim for Rehabilitation of Historic
Properties Credit
Tax Law – Sections 210-B.26 and 1511(y)

All filers must enter tax period:

beginning
ending
Employer identification number (EIN)

Legal name of corporation	

Attach to Form CT-3, CT-3-A, CT-3-S, CT-33, CT-33-A, or CT-33-NL.
All filers must complete line A.
	A	 Are you claiming this credit as a corporation that earned the credit (not as a corporate partner that received
No
		 a share of the credit from a partnership)? (mark an X in the appropriate box; see instructions) ................................ 	 Yes	
New
York
S
corporations
C corporations
If Yes, complete Part 1 (lines 1 through 6).
If Yes, complete Parts 1 and 2, and if applicable, Part 3.
If No, and you are claiming this credit as a corporate partner,
If No, and you are claiming this credit as a corporate partner,
complete Part 1 (lines 2 through 6) and Part 4.
complete Part 1 (lines 2 through 7), Parts 2 and 4, and if
applicable, Part 3.

Part 1 – Certified historic structure information and credit amounts (attach additional forms as necessary; see instructions)
Schedule A – Certified historic structure information

A
Address of certified historic structure

Property

B
Project number

C
Date of completion

	
1
	2
	3
Schedule B – Certified historic structure credit amounts
Property
	

	
	

Small project

(see instructions)

A
Qualified rehabilitation
expenditures

B
Multiply column A by 20% (0.2)

C
Small projects only: Multiply
column B by 150% (1.5) (see instr.)

D
Allowable credit amount
(see instructions)

1
2
3

	Total from any additional forms.......................................................................................................................
	1	 Total of column D amounts................................................................................................................. 	
1
	2	 Rehabilitation of historic properties credit from partnership(s) (from line 24; see instructions)............... 	
2
	3	 Subtotal (add lines 1 and 2).....................................................................................................................	 3
	4	 Unused rehabilitation of historic properties credit carried over from previous tax years.................... 	
4
	5	 Total rehabilitation of historic properties credit (add lines 3 and 4; New York S corporations, see instructions).... 	
5
	6	Rehabilitation of historic properties credit recapture (from line 23; New York S corporations, see instructions). 	
6
	7	Total rehabilitation of historic properties credit available (see instructions)........................................... 	
7

Part 2 – Computation of rehabilitation of historic properties credit used or carried forward (New York

S corporations do not complete this section)

	8	 Tax due before credits (see instructions).................................................................................................	
	9	 Tax credits claimed before rehabilitation of historic properties credit (see instructions)........................ 	
	10	 Subtract line 9 from line 8....................................................................................................................	
	11	 Tax limitation (see instructions)............................................................................................................. 	
	12 	 Credit limitation (subtract line 11 from line 10; if line 11 is greater than line 10, enter 0)............................... 	
	13	 Credit used this year (see instructions)................................................................................................. 	
	14	 Unused credit (subtract line 13 from line 7)............................................................................................ 	
	15	 Credit amount available for refund or overpayment (enter the lesser of line 3 or line 14)........................ 	
	16	 Credit to be refunded (limited to the amount on line 15; enter here and on your franchise return)................. 	
	17	 Credit to be applied as an overpayment to next year’s tax (subtract line 16 from line 15;
		  enter here and on your franchise tax return).......................................................................................... 	
	18	 Credit to be carried forward (subtract line 15 from line 14)..................................................................... 	

531001230094

8
9
10
11
12
13
14
15
16
17
18

Page 2 of 2 CT-238 (2023)

Part 3 – Computation of rehabilitation of historic properties credit recapture (see instructions)
	19	
	20	
	21	
	22	
	23	

Federal recapture amount on New York property.............................................................................. 	
Amount of federal credit on New York property originally allowed..................................................... 	
Divide line 19 by line 20 (carry result to four decimal places)....................................................................	
Amount of New York credit originally allowed (see instructions)........................................................... 	
New York recapture amount (multiply line 22 by line 21; enter here and on line 6).................................... 	

Part 4 – Partnership information (attach additional forms as necessary)
	

Name of partnership	

Partnership’s EIN	

19
20
21
22
23

Project number	

Total from any additional forms.........................................................................................................................
	24	 Total credit amount allocated from partnership(s) (enter here and on line 2)............................................	 24

531002230094

Credit amount allocated

Extracted from PDF file 2023-new-york-form-ct-238.pdf, last modified October 2023

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More about the New York Form CT-238 Corporate Income Tax Tax Credit TY 2023

We last updated the Claim for Rehabilitation of Historic Properties Credit in January 2024, so this is the latest version of Form CT-238, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-238 directly from TaxFormFinder. You can print other New York tax forms here.

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Other New York Corporate 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-204-LL	Partnership, Limited Liability Company, and Limited Liability Partnership Filing Fee Payment Form Voucher
Form CT-3M/4M	General Business Corporation MTA Surcharge Return (Obsolete)
Form IT-205	Fiduciary Income Tax Return Tax Return
Form CT-6	Election by a Federal S Corporation to be Treated As a New York S Corporation
Form IT-204	Partnership Tax Return 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 CT-238 from the Department of Taxation and Finance in January 2024.

Show Sources >

Form CT-238 is a New York Corporate 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 Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of New York Form CT-238

We have a total of thirteen past-year versions of Form CT-238 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form CT-238

Form CT-238 Claim for Rehabilitation of Historic Properties Credit Tax Year 2023

2022 Form CT-238

Form CT-238 Claim for Rehabilitation of Historic Properties Credit Tax Year 2022

2021 Form CT-238

Form CT-238 Claim for Rehabilitation of Historic Properties Credit Tax Year 2021

2020 Form CT-238

Form CT-238 Claim for Rehabilitation of Historic Properties Credit Tax Year 2020

2019 Form CT-238

Form CT-238:2019:Claim for Rehabilitation of Historic Properties Credit:ct238

2018 Form CT-238

Form CT-238:2018:Claim for Rehabilitation of Historic Properties Credit:ct238

2017 Form CT-238

Form CT-238:2017:Claim for Rehabilitation of Historic Properties Credit:ct238

2016 Form CT-238

Form CT-238:2016:Claim for Rehabilitation of Historic Properties Credit:ct238

2015 Form CT-238

Form CT-238:2015:Claim for Rehabilitation of Historic Properties Credit:ct238

2014 Form CT-238

Form CT-238:2014:Claim for Rehabilitation of Historic Properties Credit:ct238

2013 Form CT-238

Form CT-238:2013:Claim for Rehabilitation of Historic Properties Credit:ct238

2012 Form CT-238

Form CT-238:2012:Claim for Rehabilitation of Historic Properties Credit:ct238

2011 Form CT-238

Form CT-238:2011:Claim for Rehabilitation of Historic Properties Credit:ct238

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