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New York Claim for Remediated Browneld Credit For Real Property Taxes
Extracted from PDF file 2023-new-york-form-ct-612.pdf, last modified September 2023Claim for Remediated Browneld Credit For Real Property Taxes
Department of Taxation and Finance Claim for Remediated Brownfield Credit For Real Property Taxes CT-612 For Qualified Sites Accepted into the Brownfield Cleanup Program Prior to July 1, 2015 Tax Law – Article 9, Section 187-h; Article 9-A, Section 210-B.18; and Article 33, Section 1511(v) Legal name of corporation All filers must enter tax period: beginning ending Employer identification number (EIN) Address of qualified brownfield site File this form with your franchise tax return. A separate Form CT-612 must be filed for each Certificate of Completion (COC). Enter the date of execution of the Brownfield Cleanup Agreement (BCA) for the brownfield site for which you are claiming this credit .............................................................................................. A Mark an X in the box if you are claiming this credit as a corporate partner (see instructions) ..................................... A Schedule A – Brownfield site identifying information (see instructions) Enter the following information as listed on the COC issued by the Department of Environmental Conservation (DEC) for the qualified site. Attach a copy of the COC. Site name Site location - municipality Site location - county DEC region Division of Environmental Remediation (DER) site number Date COC was issued Mark an X in the box if you received notification from the Department of State that the qualified site is located in a Brownfield Opportunity Area......................................................................................................................... If applicable, enter the date the COC was transferred pursuant to the transfer or sale of the qualified site. Attach a copy of the sale or transfer documentation to this form............................. Is the qualified site for which the COC was issued by the DEC located entirely within an environmental zone (EN-Zone)?........................................................................................................................ Yes No Schedule B – Computation of average number of full-time employees employed by a developer and a lessee (see instr.) March 31 June 30 September 30 December 31 1 Average number of full-time employees (if less than 25, no credit is allowed; see instructions) ................. Total 1 Schedule C – Computation of remediated brownfield credit for real property taxes 2 Employment number factor (see instructions) ....................................................................................... 3 Eligible real property taxes (see instructions) ......................................................................................... 4 Enter 0.25 (if the qualified site is located entirely within an EN-Zone, enter 1.0) ........................................... 5 Remediated brownfield credit for real property taxes (multiply line 2 by line 3 by line 4).......................... 6 Recapture of remediated brownfield credit for real property taxes (see instructions) ........................... 7 Remediated brownfield credit for real property taxes after recapture (see instructions)........................ 8 Limitation of remediated brownfield credit for real property taxes (multiply 10,000 by line 1).................. 9 Remediated brownfield credit for real property taxes after limitation (enter the lesser of line 7 or line 8). 10 Remediated brownfield credit for real property taxes from partnerships (see instructions) ................... 11 Total remediated brownfield credit for real property taxes (add lines 9 and 10; New York S corporations see instructions).................................................................................................................................. 520001230094 2 3 4 5 6 7 8 9 10 11 Page 2 of 2 CT-612 (2023) Schedule D – Application of remediated brownfield credit for real property taxes (New York S corporations do not complete this section) 12 Enter your franchise tax (see instructions)............................................................................................... 13 Tax credits claimed before the remediated brownfield credit for real property taxes (if you are applying multiple credits on your franchise return, see instructions)........................................................... 14 Subtract line 13 from line 12.................................................................................................................. 15 Minimum tax (see instructions)................................................................................................................. 16 Credit limitation (subtract line 15 from line 14; if zero or less, enter 0)......................................................... 17 Remediated brownfield credit for real property taxes to be used this tax year (see instructions).......... 18 Unused remediated brownfield credit for real property taxes available for refund or as an overpayment (subtract line 17 from line 11).......................................................................................... 19 Amount of unused credit on line 18 to be refunded (see instructions)................................................... 20 Amount of unused, nonrefunded credit to be credited as an overpayment in the next tax year (subtract line 19 from line 18; see instructions)....................................................................................... 12 13 14 15 16 17 18 19 20 Schedule E – Partnership information (see instructions) Name of partnership Partnership’s EIN Total from additional sheet(s) if any.................................................................................................................. 21 Total credit amount allocated from partnership(s) (enter here and on line 10)........................................... 21 520002230094 Amount of credit
Form CT-612 Claim for Remediated Brownfield Credit for Real Property Taxes Tax Year 2023
More about the New York Form CT-612 Corporate Income Tax Tax Credit TY 2023
We last updated the Claim for Remediated Browneld Credit For Real Property Taxes in January 2024, so this is the latest version of Form CT-612, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-612 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-612 from the Department of Taxation and Finance in January 2024.
Form CT-612 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-612
We have a total of thirteen past-year versions of Form CT-612 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form CT-612
Form CT-612 Claim for Remediated Brownfield Credit for Real Property Taxes Tax Year 2023
2022 Form CT-612
Form CT-612 Claim for Remediated Brownfield Credit for Real Property Taxes Tax Year 2022
2021 Form CT-612
Form CT-612 Claim for Remediated Brownfield Credit for Real Property Taxes Tax Year 2021
2020 Form CT-612
Instructions for Form CT-612 Claim for Remediated Brownfield Credit for Real Property Taxes Tax Year 2020
2019 Form CT-612
Form CT-612:2019:Claim for Remediated Brownfield Credit For Real Property Taxes:ct612
2018 Form CT-612
Form CT-612:2018:Claim for Remediated Brownfield Credit For Real Property Taxes:ct612
2017 Form CT-612
Form CT-612:2017:Claim for Remediated Brownfield Credit For Real Property Taxes:CT612
2016 Form CT-612
Form CT-612:2016:Claim for Remediated Brownfield Credit For Real Property Taxes:CT612
2015 Form CT-612
Form CT-612:2015:Claim for Remediated Brownfield Credit For Real Property Taxes:CT612
2014 Form CT-612
Form CT-612:2014:Claim for Remediated Brownfield Credit For Real Property Taxes:CT612
2013 Form CT-612
Form CT-612:2013:Claim for Remediated Brownfield Credit For Real Property Taxes:CT612
2012 Form CT-612
Form CT-612:2012:Claim for Remediated Brownfield Credit For Real Property Taxes:CT612
2011 Form CT-612
Form CT-612:2011:Claim for Remediated Brownfield Credit For Real Property Taxes:CT612
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