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New York Free Printable Form CT-46 Claim for Investment Tax Credit Tax Year 2023 for 2024 New York Claim for Investment Tax Credit

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Claim for Investment Tax Credit
Form CT-46 Claim for Investment Tax Credit Tax Year 2023

CT-46 Department of Taxation and Finance Claim for Investment Tax Credit (Includes Employment Incentive Credit) Tax Law – Sections 210-B.1 and 210-B.2 File this form with Form CT-3, CT-3-A, or CT-3-S. Legal name of corporation beginning All filers must enter tax period: ending Employer identification number Summary of tax credit(s) 1 Investment tax credit (from line 20) ..................................................................................................... 1 2 Investment tax credit on research and development (R&D) property at the optional rate (from line 21) ............ 2 2a Investment tax credit for eligible farmers (from line 21a) .................................................................... 2a 3 Subtotal (add lines 1, 2, and 2a) ............................................................................................................. 3 4 Employment incentive credit (from line 28) ......................................................................................... 4 5 Unused investment tax credit or employment incentive credit from   preceding period (New York S corporations, enter 0)........................  5 6 Unused expired tax credits (see instructions; New York S corporations, enter 0) . 6 7 Subtract line 6 from line 5................................................................................................................... 7 8 Total (add lines 3, 4, and 7; New York S corporations, see instructions) ..................................................... 8 9 Recapture of excess credit taken in previous periods (from line 32; New York S corporations, see instructions) . 9 10 Net investment tax credit(s) (see instructions) .................................................................................... 10 Computation of investment tax credit used, refunded, or carried forward (New York S corporations do not complete this section) 11 Tax due before credits (see instructions) ............................................. 11 12 Tax credits claimed before the investment tax credit (see instructions)  12 13 Subtract line 12 from line 11.............................................................. 13 14 Fixed dollar minimum tax (see instructions) ........................................ 14 15 Limitation on investment tax credit (subtract line 14 from line 13; if less than zero, enter 0). 15 16 Investment tax credit to be used this period (see instructions)............................................................ 16 17 Unused investment tax credit (subtract line 16 from line 10) ................................................................. 17 18a Investment tax credit available for refund (see instructions) ............................................................... 18a If you are a qualified new business or an eligible farmer, mark an X in the appropriate box: 18b Qualified new business   ............................................................................................................ 18b 18c Eligible farmer   .......................................................................................................................... 18c 18d Amount of line 18a to be refunded (see instructions)........................................................................... 18d 18e Amount of line 18a to be applied as an overpayment to next year’s tax (subtract line 18d from   line 18a; see instructions)....................................................................................................................................... 18e 19 Unused investment tax credit available to be carried forward (see instructions) ................................. 19 Schedule A – Investment tax credit (Attach additional Forms CT-46 as necessary; see instructions) For each property, complete columns A through D here and columns E through H on the corresponding lines below. Item A B Item A – Description of property (list items separately) E – Investment credit base F – Investment credit (column E × standard rate; see Rate schedule 1 in Form CT-46-I) B – Principal use of property C – Date acquired (mm-dd-yy) D – Useful (years) G – Investment credit for research H – Investment credit for eligible and development property farmers on qualified property (column E × optional rate; see Rate schedule 1 in Form CT-46-I) (see instructions) (column E x 20% [0.2]) A B Amounts from additional Forms CT-46 if any 20 Add column F amounts   (enter here and on line 1) ........ 20 21 Add column G amounts (enter here and on line 2) ....................... 21 21a Add column H amounts (enter here and on line 2a) ........................................................................ 21a 452001230094 A If you are claiming this credit as a corporate partner, mark an X in the box (see instructions)........ Page 2 of 2  CT-46 (2023) Schedule B – Eligibility for employment incentive credit (see example in Form CT-46-I, Schedules B and C–Examples) A B C D E F G H* A Use with Schedule C, line 26, Year March 31 June 30 September 30 December 31 Total Average Percent first succeeding year (B+C+D+E) % 22 Number of New York State employees in employment base year 23 Number of New York State employees in current tax year B Use with Schedule C, line 27, Year March 31 June 30 September 30 December 31 Total Average Percent second succeeding year (B+C+D+E) % 24 Number of New York State employees in employment base year 25 Number of New York State employees in current tax year *Divide the average number of employees in the current tax year by the average number of employees in the base year (column G). Schedule C – Employment incentive credit computation (see example in Form CT-46-I, Schedules B and C–Examples) A Tax year in which investment tax credit was allowed B C Amount of investment credit base upon Employment incentive credit which original investment tax credit was (multiply column B by the appropriate rate allowed (excluding R&D property at optional rate) from Rate schedule 2 in Form CT-46-I) 26 Information for first succeeding year: use line 23, column H, to determine rate 27 Information for second succeeding year: use line 25, column H, to determine rate 28 Add column C amounts (enter here and on line 4) ............................................................................. 28 Schedule D – Recapture of investment tax credit, including rehabilitation expenditures for retail enterprises and historic barns (Attach additional Forms CT-46 as necessary) A B Description of property Date of acquisition or rehabilitation 29 30 31 32 C Date property ceased to qualify (mm-dd-yy) (mm-dd-yy) D Life E F Unused Percentage (months) life (E ÷ D) (months) G Total original investment tax credit allowed Total recaptured investment tax credit from additional Forms CT-46 if any ................................................. Recaptured investment tax credit (add column H amounts and line 29) ............................................................ Additional recapture (see instructions) ........................................................................................................... Add lines 30 and 31 (enter here and on line 9) ................................................................................................ 452002230094 29 30 31 32 H Recaptured investment tax credit (F × G)
Extracted from PDF file 2023-new-york-form-ct-46.pdf, last modified November 2023

More about the New York Form CT-46 Corporate Income Tax Tax Credit TY 2023

We last updated the Claim for Investment Tax Credit in January 2024, so this is the latest version of Form CT-46, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-46 directly from TaxFormFinder. You can print other New York tax forms here.

Related 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. These related forms may also be needed with the New York Form CT-46.

Form Code Form Name
Form CT-46-ATT Credit for Rehabilitation Expenses for Retail Enterprises and Historic Barns (OBSOLETE)

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-46 from the Department of Taxation and Finance in January 2024.

Show Sources >

Form CT-46 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-46

We have a total of thirteen past-year versions of Form CT-46 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form CT-46

Form CT-46 Claim for Investment Tax Credit Tax Year 2023

2022 Form CT-46

Form CT-46 Claim for Investment Tax Credit Tax Year 2022

2021 Form CT-46

Form CT-46 Claim for Investment Tax Credit Tax Year 2021

2020 Form CT-46

Form CT-46 Claim for Investment Tax Credit Tax Year 2020

2019 Form CT-46

Form CT-46:2019:Claim for Investment Tax Credit:ct46

2018 Form CT-46

Form CT-46:2018:Claim for Investment Tax Credit:ct46

2017 Form CT-46

Form CT-46:2017:Claim for Investment Tax Credit:ct46

2016 Form CT-46

Form CT-46:2016:Claim for Investment Tax Credit:CT46

2015 Form CT-46

Form CT-46:2015:Claim for Investment Tax Credit:CT46

Claim for Investment Tax Credit 2014 Form CT-46

Form CT-46:2014:Claim for Investment Tax Credit:CT46

Claim for Investment Tax Credit 2013 Form CT-46

Form CT-46:2013:Claim for Investment Tax Credit:CT46

2012 Form CT-46

Form CT-46:2012:Claim for Investment Tax Credit:CT46

2011 Form CT-46

Form CT-46:2011:Claim for Investment Tax Credit:CT46


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