New York Claim for QEZE Credit for Real Property Taxes and QEZE Tax Reduction Credit for Corporate Partners

Claim for QEZE Credit for Real Property Taxes and QEZE Tax Reduction Credit for Corporate Partners
Form CT-604-CP Claim for QEZE Credit for Real Property Taxes and QEZE Tax Reduction Credit for Corporate Partners Tax Year 2023
Claim for QEZE Credit for Real Property CT-604-CP
Taxes and QEZE Tax Reduction Credit
For Corporate Partners
All filers must enter tax period:
Department of Taxation and Finance

Tax Law – Article 1, Sections 15 and 16
	Legal name of corporation	
	Name of QEZE partnership	

beginning
ending
Your employer identification number (EIN)
EIN of QEZE partnership

File this form with your corporation franchise tax return Form CT-3, CT-3-A, CT-33, CT-33-NL, or CT-33-A.
Attach a copy of the retention certificate received from the partnership.

Qualified empire zone enterprise (QEZE) credit for real property taxes application

	 1	 Enter your share of the QEZE credit for real property taxes obtained from your partnership............ 	 1	
	 2	 Enter your franchise tax (see instructions)..............................................................................................	 2
	 3	 Tax credits claimed before the QEZE credit for real property taxes (see instructions).......................... 	 3
	 4	 Subtract line 3 from line 2....................................................................................................................	 4
	 5	 Article 9‑A filers: See instructions; Article 33 filers: Enter 250; Article 33 combined filers:
		  Multiply number of taxable filers in combined group by 250.............................................................. 	 5
	 6	 Credit limitation (subtract line 5 from line 4; if zero or less, enter 0)........................................................... 	 6	
	 7	 QEZE credit for real property taxes to be used this period (see instructions)....................................... 	 7	
	 8	 Unused QEZE credit for real property taxes (subtract line 7 from line 1) .............................................. 	 8	
	 9	 Amount of unused credit on line 8 to be refunded (see instructions).................................................... 	 9	 	
	10	 Amount of unused, nonrefunded credit on line 8 to be applied as an overpayment (subtract line 9
		  from line 8; see instructions)................................................................................................................ 	 10

QEZE tax reduction credit computation

	11	 Enter the benefit period factor obtained from your partnership.......................................................... 	
	12	 Enter the employment increase factor obtained from your partnership............................................. 	
	13	 Enter the zone allocation factor obtained from your partnership........................................................ 	
	14	 Compute your tax factor:
		A	 Tax from your franchise tax return (see instructions)............................ 	 A
		B	 Your share of partnership income allocated to
			  New York State (see instructions)..................................................... 	 B
		C	 Partner’s business income or other tax base (see instructions)........... 	 C
		D	 Divide line B by line C....................................................................... 	 D	    
		 Tax factor (multiply line D by line A; see instructions)................................................................................ 	
	15	 QEZE tax reduction credit (multiply line 11 × line 12 × line 13 × line 14)................................................... 	

QEZE tax reduction credit application

	16	 Enter your franchise tax (see instructions)..............................................................................................	
	17	 Tax credits claimed before the QEZE tax reduction credit (see instructions)........................................ 	
	18	 Subtract line 17 from line 16................................................................................................................	
	19	 Article 9‑A filers – If line 13 equals 1.0, enter 0. If line 13 is less than 1.0, see instructions
		Article 33 filers – Enter 250
		Article 33 combined filers – Multiply number of taxable filers in combined group by 250................	
	20	 Limitation on credit used (subtract line 19 from line 18; if less than zero, enter 0)...................................... 	
	21	 QEZE tax reduction credit to be used this period (see instructions)..................................................... 	

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