×
tax forms found in
Tax Form Code
Tax Form Name

New York Free Printable Form CT-633 Economic Transformation and Facility Redevelopment Program Tax Credit Tax Year 2023 for 2024 New York Economic Transformation and Facility Redevelopment Program Tax Credit

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2023-new-york-form-ct-633.pdf, and you can print it directly from your computer.

Economic Transformation and Facility Redevelopment Program Tax Credit
Form CT-633 Economic Transformation and Facility Redevelopment Program Tax Credit Tax Year 2023

CT-633 Department of Taxation and Finance Economic Transformation and Facility Redevelopment Program Tax Credit Tax Law – Sections 35, 210-B.35, and 1511(aa) All filers must enter tax period: beginning ending Legal name of corporation Employer identification number (EIN) File this form with your franchise tax return. You must also attach a copy of the Certificate of Eligibility and the Preliminary Schedule of Benefits issued by Empire State Development (ESD). Mark an X in the appropriate box to indicate the tax year of the benefit period for which you are claiming the credit on this form: 1st 2nd 3rd 4th 5th Are you claiming this credit as a corporate partner? (mark an X in the appropriate box) .................................................. Yes No Schedule A – Eligibility (see instructions) Part 1 – Qualified business 1a Is the business a qualified new business? (see Definitions in instructions)................................................................ Yes No 1 b Is the business at a closed facility located within the Metropolitan Commuter Transportation District (MCTD),   but outside New York City that was previously owned by New York State and operated as a psychiatric   facility? (see instructions) ..................................................................................................................................... Yes No    If you answered Yes to question 1a or 1b, continue with Part 2. If No to both questions, stop. You do not qualify for this credit. Part 2 – Computation of average number of net new jobs (see instructions) Current tax year Number of net new jobs A March 31 B June 30 C September 30 D December 31 E Total 2 Average number of net new jobs for the current tax year (see instructions)......................................... 2 3 Is the average number of net new jobs five or greater?......................................................................................... Yes     If Yes, complete Schedule B. If No, stop. You do not qualify for this credit for the current tax year. No Schedule B – Computation of credit component amounts Part 1 – Jobs tax credit component – Complete the information below for each net new job created and maintained in the economic transformation area (see instructions) A Employee’s name B Social Security number C Date first employed (mmddyy) D Last date of employment during the current tax year F Credit amount (column E x 6.85% (0.0685)) E Gross wages Total of column F amounts from any additional Forms CT-633 . ................................................................................ 4 Jobs tax credit component (add column F amounts) . ........................................................................... 5 Jobs tax credit component from partnerships (from the Jobs tax credit column of line 35)....................... 6 Total jobs tax credit component (add lines 4 and 5; S corporations see instructions) ............................... 542001230094 4 5 6 Page 2 of 4  CT-633 (2023) Part 2 – Investment tax credit component (see instructions) Qualified investment at a closed facility (see instructions) B Date placed in service (mmddyy) A Description of property C Cost or other basis for federal income tax purposes D Credit (column C x 10% (0.10)) Total of column D amounts from any additional Forms CT-633 ....................................................................... 7 Total (add column D amounts) ................................................................................................................ 7 8 Closed facility investment tax credit (enter the lesser of line 7 or the maximum credit amount provided to   you by ESD; see instructions) .............................................................................................................. 8 All other qualified investments (see instructions) A Description of property B Date placed in service (mmddyy) C Cost or other basis for federal income tax purposes D Credit (column C x 6% (0.06)) Total of column D amounts from any additional Forms CT-633 ....................................................................... 9 9 Total (add column D amounts) ................................................................................................................ 10 Other qualified investments credit component limitation (see instructions). ............................................ 10 11 Other qualified investments credit component after limitation (enter the lesser of line 9 or 10) .............. 11 12 Add lines 8 and 11 ............................................................................................................................. 12 13 Investment tax credit component from partnerships (from the Investment tax credit column of line 35) .... 13 14 Total investment tax credit component (add lines 12 and 13; S corporations see instructions)................... 14 4000000 00 Part 3 – Training tax credit component (see instructions) A Employee’s name B Social Security number C Description of training expense D Date paid (mmddyy) E Amount of expense F Column E x 50% (0.5) Total of column G amounts from any additional Forms CT-633 ....................................................................................... 15 Total (add column G amounts) . ............................................................................................................ 16 Training tax credit component from partnerships (from the Training tax credit column of line 35).............. 17 Total training tax credit component (add lines 15 and 16; S corporations see instructions) ........................ 542002230094 15 16 17 G Credit (enter the lesser of column F or 4000) CT-633 (2023)  Page 3 of 4 Part 4 – Real property tax credit component (see instructions) Property located entirely within a closed facility (see instructions) A Eligible real property taxes B Benefit period year rate  * C Credit amount (column A x column B) Total of column C from any additional Forms CT-633 ................. *  1st year 50% (0.5); 2nd year 40% (0.4); 3rd year 30% (0.3); 4th year 20% (0.2); 5th year 10% (0.1) 18 Real property tax credit component for property located entirely within a closed facility (add column C amounts) . 18 Property located outside a closed facility (see instructions) A Eligible real property taxes B Benefit period year rate  ** C Credit amount (column A x column B) Total of column C from any additional Forms CT-633 ................. * *  1st year 25% (0.25); 2nd year 20% (0.2); 3rd year 15% (0.15); 4th year 10% (0.1); 5th year 5% (0.05) 19 Real property tax credit component for property located outside a closed facility (add column C amounts) . .. 20 Add lines 18 and 19 . .......................................................................................................................... 21 Real property tax credit component from partnerships (from the Real property tax credit column of line 35).... 22 Total real property tax credit component (add lines 20 and 21; S corporations see instructions) . .............. 19 20 21 22 Schedule C – Credit summary (S corporations see instructions) 3 Total credit components (add lines 6, 14, 17, and 22) . ........................................................................... 2 24 Recapture of credits taken in previous years (see instructions) ............................................................ 25 Net economic transformation and facilities redevelopment program tax credit (see instructions). ........ 23 24 25 Schedule D – Computation of tax credit used, refunded, or credited as an overpayment in the next year (see instr.) S corporations: Do not complete this section 26 Tax due before credits (see instructions). ................................................................................................ 27 Tax credits claimed before this credit (see instructions)......................................................................... 28 Subtract line 27 from line 26 . ............................................................................................................... 29 Minimum tax (see instructions). ............................................................................................................... 30 Credit limitation (subtract line 29 from line 28; if zero or less, enter 0) . ...................................................... 31 Credit to be used this tax year (see instructions)................................................................................... 32 Unused tax credit available as a refund or as an overpayment (subtract line 31 from line 25) ............... 33 Tax credit to be refunded (limited to the amount on line 32; see instructions) ............................................ 34 Amount to be applied as an overpayment to next year’s tax (subtract line 33 from line 32; see instructions) ........ 542003230094 26 27 28 29 30 31 32 33 34 Page 4 of 4  CT-633 (2023) Schedule E – Partnership information (see instructions; attach additional Forms CT-633 if necessary using the same format shown) Name of partnership Partnership’s EIN Jobs tax credit Investment tax credit Training tax credit Real property tax credit Credits allocated to taxpayer Name of partnership Partnership’s EIN Jobs tax credit Investment tax credit Training tax credit Real property tax credit Credits allocated to taxpayer Name of partnership Partnership’s EIN Jobs tax credit Investment tax credit Training tax credit Real property tax credit Credits allocated to taxpayer Name of partnership Partnership’s EIN Jobs tax credit Investment tax credit Training tax credit Real property tax credit Total from any additional   Forms CT-633 . ............ Jobs tax credit Investment tax credit Training tax credit Real property tax credit 35 Total credits allocated from partnership(s) (enter here and on Jobs tax credit Investment tax credit Training tax credit Real property tax credit Credits allocated to taxpayer lines 5, 13, 16, and 21; see instructions)... 35 542004230094
Extracted from PDF file 2023-new-york-form-ct-633.pdf, last modified September 2023

More about the New York Form CT-633 Corporate Income Tax Tax Credit TY 2023

We last updated the Economic Transformation and Facility Redevelopment Program Tax Credit in January 2024, so this is the latest version of Form CT-633, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-633 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

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-633 from the Department of Taxation and Finance in January 2024.

Show Sources >

Form CT-633 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-633

We have a total of thirteen past-year versions of Form CT-633 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form CT-633

Form CT-633 Economic Transformation and Facility Redevelopment Program Tax Credit Tax Year 2023

2022 Form CT-633

Form CT-633 Economic Transformation and Facility Redevelopment Program Tax Credit Tax Year 2022

2021 Form CT-633

Form CT-633 Economic Transformation and Facility Redevelopment Program Tax Credit Tax Year 2021

2020 Form CT-633

Form CT-633 Economic Transformation and Facility Redevelopment Program Tax Credit Tax Year 2020

2019 Form CT-633

Form CT-633:2019:Economic Transformation and Facility Redevelopment Program Tax Credit:ct633

2018 Form CT-633

Form CT-633:2018:Economic Transformation and Facility Redevelopment Program Tax Credit:ct633

2017 Form CT-633

Form CT-633:2017:Economic Transformation and Facility Redevelopment Program Tax Credit:ct633

2016 Form CT-633

Form CT-633:2016:Economic Transformation and Facility Redevelopment Program Tax Credit:ct633

2015 Form CT-633

Form CT-633:2015:Economic Transformation and Facility Redevelopment Program Tax Credit:ct633

Economic Transformation and Facility Redevelopment Program Tax Credit 2014 Form CT-633

Form CT-633:2014:Economic Transformation and Facility Redevelopment Program Tax Credit:ct633

Economic Transformation and Facility Redevelopment Program Tax Credit 2013 Form CT-633

Form CT-633:2013:Economic Transformation and Facility Redevelopment Program Tax Credit:ct633

2012 Form CT-633

Form CT-633:2012:Economic Transformation and Facility Redevelopment Program Tax Credit:ct633

2011 Form CT-633

CT-633:2011:Economic Transformation and Facility Redevelopment Program Tax Credit:ct633


TaxFormFinder Disclaimer:

While we do our best to keep our list of New York Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/index.php/newyork/form-ct-633