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New York Claim for Excelsior Jobs Program Tax Credit
Extracted from PDF file 2023-new-york-form-ct-607.pdf, last modified September 2023Claim for Excelsior Jobs Program Tax Credit
Department of Taxation and Finance Tax Law – Sections 31, 210-B.31, and 1511(y) CT-607 Claim for Excelsior Jobs Program Tax Credit All filers must enter tax period: beginning Legal name of corporation ending Employer identification number (EIN) File this form with your franchise tax return. You must also attach a copy of the certificate(s) of tax credit issued by Empire State Development (ESD). A Excelsior Jobs Program project number (see instructions) ............................................................................ A B Year of eligibility (enter a number from 1 to 10; see instructions) ..................................................................................... B B1 Green CHIPS projects only: indicate the phase from your certificate of tax credit issued by ESD (see instr.)..... Phase 1 Phase 2 C Mark an X in the box if you are claiming this credit as a corporate partner (see instructions).............................................. Schedule A – Excelsior jobs tax credit component (see instructions) 1 Excelsior jobs tax credit component (see instructions) ......................................................................... 2 Excelsior jobs tax credit component from partnerships (from line 33)................................................... 3 Total excelsior jobs tax credit component (add lines 1 and 2; enter here and on line 16; New York S corporations, see instructions)............................................................................................................ Schedule B – Excelsior investment tax credit component (see instructions) 4 Excelsior investment tax credit component (see instructions) . ............................................................. 5 Excelsior investment tax credit component from partnerships (from line 33)........................................ 6 Total excelsior investment tax credit component (add lines 4 and 5; enter here and on line 17; New York S corporations, see instructions)............................................................................................................ Schedule C – Excelsior research and development tax credit component (see instructions) 7 Excelsior research and development tax credit component (see instructions) . .................................... 8 Excelsior research and development tax credit component from partnerships (from line 33)............... 9 Total excelsior research and development tax credit component (add lines 7 and 8; enter here and on line 18; New York S corporations, see instructions).................................................................................. Schedule D – Excelsior real property tax credit component (see instructions) 0 Excelsior real property tax credit component (see instructions) ............................................................ 1 11 Excelsior real property tax credit component from partnerships (from line 33)..................................... 12 Total excelsior real property tax credit component (add lines 10 and 11; enter here and on line 19; New York S corporations, see instructions)............................................................................................. Schedule E – Excelsior child care services tax credit component (see instructions) 13 Excelsior child care services tax credit component (see instructions) . ................................................ 4 Excelsior child care services tax credit component from partnerships (from line 33)............................ 1 15 Total excelsior child care services tax credit component (add lines 13 and 14; enter here and on line 20; New York S corporations, see instructions)............................................................................................. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Schedule F – Credit summary (New York S corporations only complete this schedule if reporting a recapture) 6 Excelsior jobs tax credit component (from line 3). ................................................................................ 1 17 Excelsior investment tax credit component (from line 6)....................................................................... 18 Excelsior research and development tax credit component (from line 9). ............................................ 19 Excelsior real property tax credit component (from line 12).................................................................. 20 Excelsior child care services tax credit component (from line 15)......................................................... 21 Subtotal (add lines 16 through 20). ......................................................................................................... 22 Recapture of credit taken in previous tax years (see instructions)......................................................... 23 Net excelsior jobs program tax credit (see instructions)......................................................................... 540001230094 16 17 18 19 20 21 22 23 C Page 2 of 2 CT-607 (2023) Schedule G – Computation of excelsior jobs program tax credit used, refunded, or credited as an overpayment in the next year (New York S corporations do not complete this section) 4 Tax due before credits (see instructions). .............................................................................................. 2 25 Tax credits claimed before the excelsior jobs program tax credit (see instructions).............................. 26 Subtract line 25 from line 24.................................................................................................................. 27 Minimum tax (see instructions). ............................................................................................................. 28 Credit limitation (subtract line 27 from line 26; if zero or less, enter 0). ....................................................... 29 Excelsior jobs program tax credit to be used this tax year (see instructions)......................................... 30 Unused excelsior jobs program tax credit available for refund or as an overpayment (subtract line 29 from line 23)............................................................................................................... 31 Excelsior jobs program tax credit to be refunded (limited to the amount on line 30; see instructions)........ 32 Excelsior jobs program tax credit to be applied as an overpayment to next year’s tax (subtract line 31 from line 30; see instructions)....................................................................................... 24 25 26 27 28 29 30 31 32 Partnership information (see instructions; attach additional forms if necessary, using the same format shown) Name of partnership Credits allocated to taxpayer.................... Partnership’s EIN Excelsior jobs tax credit Excelsior investment tax credit Excelsior R & D tax credit Name of partnership Credits allocated to taxpayer.................... Excelsior jobs tax credit Excelsior investment tax credit Excelsior R & D tax credit Excelsior jobs tax credit Excelsior investment tax credit Excelsior R & D tax credit Excelsior jobs tax credit Excelsior investment tax credit Excelsior R & D tax credit Excelsior jobs tax credit Excelsior investment tax credit Excelsior R & D tax credit Excelsior child care services tax credit Excelsior real property tax credit Excelsior child care services tax credit Excelsior real property tax credit Excelsior child care services tax credit Partnership’s EIN Excelsior jobs tax credit Excelsior investment tax credit Excelsior R & D tax credit Name of partnership Credits allocated to taxpayer.................... Excelsior real property tax credit Partnership’s EIN Name of partnership Credits allocated to taxpayer.................... Excelsior child care services tax credit Partnership’s EIN Name of partnership Credits allocated to taxpayer.................... Excelsior real property tax credit Partnership’s EIN Name of partnership Credits allocated to taxpayer.................... Excelsior child care services tax credit Partnership’s EIN Name of partnership Credits allocated to taxpayer.................... Excelsior real property tax credit Excelsior real property tax credit Excelsior child care services tax credit Partnership’s EIN Excelsior jobs tax credit Excelsior investment tax credit Excelsior R & D tax credit Total from additional . Excelsior jobs tax credit form(s) if any.......... Excelsior jobs tax credit 33 Total credits allocated from partnership(s) (enter here and on Excelsior investment tax credit Excelsior R & D tax credit Excelsior real property tax credit Excelsior child care services tax credit Excelsior investment tax credit Excelsior R & D tax credit Excelsior real property tax credit Excelsior child care services tax credit lines 2, 5, 8, 11, and 14; see instructions).... 33 540002230094 Excelsior real property tax credit Excelsior child care services tax credit
Form CT-607 Claim for Excelsior Jobs Program Tax Credit Tax Year 2023
More about the New York Form CT-607 Corporate Income Tax Tax Credit TY 2023
We last updated the Claim for Excelsior Jobs Program Tax Credit in January 2024, so this is the latest version of Form CT-607, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-607 directly from TaxFormFinder. You can print other New York tax forms here.
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 |
| Form CT-3M/4M | General Business Corporation MTA Surcharge Return (Obsolete) |
| Form IT-205 | Fiduciary Income Tax Return |
| Form IT-204 | Partnership Tax Return |
| Form CT-6 | Election by a Federal S Corporation to be Treated As a New York S Corporation |
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-607 from the Department of Taxation and Finance in January 2024.
Form CT-607 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-607
We have a total of thirteen past-year versions of Form CT-607 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form CT-607
Form CT-607 Claim for Excelsior Jobs Program Tax Credit Tax Year 2023
2022 Form CT-607
Instructions for Form CT-607 Claim for Excelsior Jobs Program Tax Credit Tax Year 2022
2021 Form CT-607
Form CT-607 Claim for Excelsior Jobs Program Tax Credit Tax Year 2021
2020 Form CT-607
Form CT-224 Public Utility, Power Producer, and Pipeline Adjustments Tax Year 2020
2019 Form CT-607
Form CT-607:2019:Claim for Excelsior Jobs Program Tax Credit:ct607
2018 Form CT-607
Form CT-607:2018:Claim for Excelsior Jobs Program Tax Credit:ct607
2017 Form CT-607
Form CT-607:2017:Claim for Excelsior Jobs Program Tax Credit:ct607
2016 Form CT-607
Form CT-607:2016:Claim for Excelsior Jobs Program Tax Credit:ct607
2015 Form CT-607
Form CT-607:2015:Claim for Excelsior Jobs Program Tax Credit:ct607
2014 Form CT-607
Form CT-607:2014:Claim for Excelsior Jobs Program Tax Credit:ct607
2013 Form CT-607
Form CT-607:2013:Claim for Excelsior Jobs Program Tax Credit:ct607
2012 Form CT-607
Form CT-607:2012:Claim for Excelsior Jobs Program Tax Credit:ct607
2011 Form CT-607
CT-607:2011:Claim for Excelsior Jobs Program Tax Credit:ct607
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