New York START-UP NY Telecommunication Services Excise Tax Credit

START-UP NY Telecommunication Services Excise Tax Credit
Form CT-640 START-UP NY Telecommunication Services Excise Tax Credit Tax Year 2023CT-640

Department of Taxation and Finance

START-UP NY Telecommunication
Services Excise Tax Credit
Tax Law – Article 1, Section 39 and Article 9-A, Section 210-B.44

File this form with Form CT-3, CT-3-A, or CT-3-S.

All filers must enter tax period: beginning

	Legal name of corporation	

ending
Employer identification number (EIN)

All filers must complete line A.
A	 Are you claiming this credit as a corporation that earned the credit (not as a corporate partner that received
a share of the credit from a partnership) (mark an X in the appropriate box; see instructions)? ................................. 	 Yes	
No
C corporations
New York S corporations
If Yes, complete lines B and C and Schedules A, B, and C.
If Yes, complete lines B and C and Schedules A and B.
If No, and you are claiming this credit as a corporate partner,
If No, and you are claiming this credit as a corporate partner,
complete lines B and C and Schedules B, C, and D.
complete lines B and C and Schedules B and D.
B	 Certificate number from Form DTF-74, Certificate of Eligibility, issued to the approved
START-UP NY business (see instructions).................................................................................................

C	 Year of START-UP NY business tax benefit period (enter a number from 1 to 10; see instructions) ...............................................
Schedule A – Allocation factor (see instructions)
A
Tax-free NY area

B
New York State

	 1	 Average value of property (see instructions)....................................................	 1
	 2	 Property factor (divide line 1, column A by line 1, column B; carry result to four
		  decimal places)...............................................................................................	  2
	 3	 Wages and other compensation of employees (see instructions).................... 	 3
	4	 Wage factor (divide line 3, column A by line 3, column B; carry result to four
		  decimal places)...............................................................................................	4
	5	 Total factors (add lines 2 and 4)..........................................................................	 5
	6	 Allocation factor (divide line 5 by two; carry result to four decimal places)...............	 6

Schedule B – Computation of credit
	 7	 Telecommunication services excise tax paid (see instructions)............................................................. 	
	8	 Telecommunication services excise tax credit from partnership(s) (from line 19)................................. 	
	 9	 Total credit (add lines 7 and 8)................................................................................................................ 	

7
8
9

Schedule C – Computation of credit used (New York S corporations do not complete this part)
	 0	 Tax due before credits (see instructions) .................................................................................................	
1
11	 Tax credits claimed before this credit (see instructions) ........................................................................ 	
12	 Tax after application of credits (subtract line 11 from line 10).....................................................................	
13	 Tax limitation (see instructions)................................................................................................................	
14	 Limitation on credit (subtract line 13 from line 12; if line 13 is more than line 12, enter 0) ............................. 	
15	 Credit used for this period (enter the lesser of line 9 or line 14; enter here and on your franchise
		  tax return)........................................................................................................................................... 	
	16	 Unused telecommunication services excise tax credit (subtract line 15 from line 9) ............................... 	
	17	 Amount of credit to be refunded (limited to the amount on line 16; enter here and on your franchise
		  tax return) .......................................................................................................................................... 	
	18	 Amount of credit to be applied as an overpayment to next period (subtract line 17 from line 16; enter
		  here and on your franchise tax return) ................................................................................................... 	
551001230094

10
11
12
13
14
15
16
17
18

Page 2 of 2 CT-640 (2023)

Schedule D – Partnership information (see instructions; attach additional sheets as necessary)
Name of partnership

Partnership’s EIN

Certificate number

Year of
business
tax
benefit
period

Total from additional sheet(s), if any ................................................................................................................
19	 Total credit amount allocated from partnership(s) (enter here and on line 8) ...........................................	 19

551002230094

Credit amount
allocated

Extracted from PDF file 2023-new-york-form-ct-640.pdf, last modified August 2023

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More about the New York Form CT-640 Corporate Income Tax Tax Credit TY 2023

We last updated the START-UP NY Telecommunication Services Excise Tax Credit in January 2024, so this is the latest version of Form CT-640, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-640 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-640 from the Department of Taxation and Finance in January 2024.

Show Sources >

Form CT-640 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-640

We have a total of ten past-year versions of Form CT-640 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form CT-640

Form CT-640 START-UP NY Telecommunication Services Excise Tax Credit Tax Year 2023

2022 Form CT-640

Form CT-640 START-UP NY Telecommunication Services Excise Tax Credit Tax Year 2022

2021 Form CT-640

Form CT-640 START-UP NY Telecommunication Services Excise Tax Credit Tax Year 2021

2020 Form CT-640

Form CT-640 START-UP NY Telecommunication Services Excise Tax Credit Tax Year 2020

2019 Form CT-640

Form CT-640:2019:START-UP NY Telecommunication Services Excise Tax Credit:ct640

2018 Form CT-640

Form CT-640:2018:START-UP NY Telecommunication Services Excise Tax Credit:ct640

2017 Form CT-640

Form CT-640:2017:START-UP NY Telecommunication Services Excise Tax Credit:ct640

2016 Form CT-640

Form CT-640:2016:START-UP NY Telecommunication Services Excise Tax Credit:ct640

2015 Form CT-640

Form CT-640:2015:START-UP NY Telecommunication Services Excise Tax Credit:ct640

2014 Form CT-640

Form CT-640:2014:START-UP NY Telecommunication Services Excise Tax Credit:ct640

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