New York Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit

Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit
Form CT-603 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit Tax Year 2023CT-603

Department of Taxation and Finance

Claim for EZ Investment Tax Credit and
EZ Employment Incentive Credit
Tax Law – Sections 210-B.3 and 210-B.4

		

All filers must enter tax period:
beginning	

Employer identification number (EIN) shown on page 1 of your tax return

ending

File this claim with your corporation franchise
tax return, Form CT‑3, CT‑3‑S, or CT‑3‑A. See
Form CT-603-I, Instructions for Form CT-603,
for assistance in completing this form. Attach a
copy of the Certificate of Eligibility and retention
certificate.

Legal name of corporation filing the franchise tax return
Name of empire zone (EZ)

A	 Mark an X in the box if you are claiming this credit as a corporate partner (see instructions) ..............................................................	

Schedule A
Part 1 – Computation of EZ investment tax credit (EZ-ITC)
	 1	 Unused EZ-ITC from preceding period.......................................................................................................	
	 2	 Recapture of EZ-ITCs taken in previous periods from line 19 (New York S corporations, see instructions) .....	
	 3	 Net EZ-ITC or addback (see instructions) ....................................................................................................	

1
2
3

Part 2 – Computation of EZ employment incentive credit (EZ-EIC)
	 4	 Unused EZ-EIC from preceding period .....................................................................................................	
	 5	 Recapture of EZ-EICs taken in previous periods from line 20 (New York S corporations, see instructions) .....	
	 6	 Net EZ-EIC or addback (see instructions) ....................................................................................................	

4
5
6

Schedule B (New York S corporations do not complete this schedule)
Part 1 – Computation of EZ-EIC and EZ-ITC used
	A	
	
EZ-EIC	

	 7	 Franchise tax minus all credits claimed before the EZ-EIC (column A)

7
		  or before the EZ-ITC (column B) (see instructions) ......................................	
	8	
Enter in column B the fixed dollar minimum tax (from Form CT-3
		  or CT-3-A, Part 2, line 1c) ................................................................................	
8
	9	
Enter in column A the fixed dollar minimum tax (from Form CT-3 or CT-3-A,
		  Part 2, line 1c) ...............................................................................................	
9
	10	EZ credit limitation (column A: subtract line 9 from line 7; column B:
		  subtract line 8 from line 7) ............................................................................. 	
10
	11	EZ credit used this period (column A: enter the lesser of line 6 or line 10,
		  column A; column B: enter the lesser of line 3 or line 10, column B) ......................	 11
	12	Total EZ-EIC and EZ-ITC used this period (add line 11, columns A and B; see instructions) ............................	

463001230094

12

B
EZ-ITC

A	

Page 2 of 2  CT-603 (2023)

Part 2 – Credits available for carryforward
	13	Net EZ-ITC from line 3 (if line 3 is a negative number, enter 0 here and on line 15) ..............................................	
	14	EZ-ITC used from line 11, column B ..........................................................................................................	
	15	EZ-ITC available for carryforward (subtract line 14 from line 13) ...................................................................	
	16	Net EZ-EIC from line 6 (if line 6 is a negative number, enter 0 here and on line 18) .............................................	
	17	EZ-EIC used from line 11, column A ..........................................................................................................	
	18	EZ-EIC available for carryforward (subtract line 17 from line 16; see instructions) ...........................................	

13
14
15
16
17
18

Schedule C – Computation of recapture of EZ-ITC and EZ-EIC (see instructions)
	

A	
B	
C	 D	E	 F	
G	
H	
Recaptured EZ-ITC	
	 Description of property	
Date	
Date property	
Life	
Unused	 Percentage	
EZ-ITC allowed	
		
acquired	
ceased to	
(months)	
life	
(E ÷ D)	
(see instructions)	
(F x G)	
			
qualify		
(months)				

Total of column I from any additional Forms CT-603 ..............................................................................

	 19	 Recaptured EZ-ITC (add column H amounts; enter here and on line 2)................................ 	 19
	 20	 Recaptured EZ-EIC (add column I amounts; enter here and on line 5)....................................	 20

463002230094

I
Recaptured EZ-EIC
(see instructions)

Extracted from PDF file 2023-new-york-form-ct-603.pdf, last modified September 2023

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More about the New York Form CT-603 Corporate Income Tax Tax Credit TY 2023

We last updated the Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit in January 2024, so this is the latest version of Form CT-603, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-603 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-603 from the Department of Taxation and Finance in January 2024.

Show Sources >

Form CT-603 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-603

We have a total of thirteen past-year versions of Form CT-603 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form CT-603

Form CT-603 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit Tax Year 2023

2022 Form CT-603

Form CT-603 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit Tax Year 2022

2021 Form CT-603

Form CT-603 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit Tax Year 2021

2020 Form CT-603

Form CT-603 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit Tax Year 2020

2019 Form CT-603

Form CT-603:2019:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:ct603

2018 Form CT-603

Form CT-603:2018:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:ct603

2017 Form CT-603

Form CT-603:2017:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:ct603

2016 Form CT-603

Form CT-603:2016:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:ct603

2015 Form CT-603

Form CT-603:2015:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:CT603

2014 Form CT-603

Form CT-603:2014:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:CT603

2013 Form CT-603

Form CT-603:2013:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:CT603

2012 Form CT-603

Form CT-603:2012:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:CT603

2011 Form CT-603

Form CT-603:2011:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:CT603

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