New York Claim for EZ Investment Tax Credit and EZ Employment Incentive Tax Credit

Claim for EZ Investment Tax Credit and EZ Employment Incentive Tax Credit
Form IT-603 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit Tax Year 2023IT-603

Department of Taxation and Finance

	Claim for EZ Investment Tax Credit and
EZ Employment Incentive Credit
	Tax Law – Sections 606(j) and 606(j-1)

Calendar‑year filers, mark an X in the box:
Other filers must enter tax period:
beginning
	 ending

File this claim with your personal income tax return, Form IT-201, IT-203, IT-204, or IT-205.
Submit a copy of the Certificate of Eligibility and the Empire Zone Retention Certificate.
See Form IT‑603-I, Instructions for Form IT‑603, for assistance in completing this form.
Name(s) as shown on your return	

Taxpayer identification number

Name of empire zone (EZ)

Schedule A – Computation of EZ-ITC and EZ-EIC allowed for the current tax year or recapture amount
	1	 Enter the available carryover of unused EZ-ITC or EZ-EIC from preceding period(s)
		  (Partnerships: enter 0) ..................................................................................................................	
	2	Total recapture of credits taken in previous period (Fiduciaries: enter the amount from line 11; all
		  others: enter the amount from line 9.) .............................................................................................	
	3	Net EZ-ITC and EZ-EIC available for use (subtract line 2 from line 1; see instructions. If line 2 is
		  greater than line 1, do not enter an amount on line 3; go to line 4.) ....................................................	
	4	Net EZ-ITC and EZ-EIC recapture amount (subtract line 1 from line 2; see instructions) ...................	

1	

.00

2	

.00

3	
4	

.00
.00

Schedule B – Computation of recapture of EZ-ITC and EZ-EIC
A
Description of property

B
Date
acquired

D
C
E
F
Life Unused Percentage
Date
property (months)
life
(E ÷ D)
ceased to
(months)
qualify

G
EZ-ITC
allowed

I

H
Recaptured EZ-ITC
(F × G)

(see instructions)

	.00	
	.00	
	.00	
	.00	
	.00	
	.00	

Recaptured
EZ‑EIC

(see instructions)

.00	
.00	
.00	
.00	
.00	
.00	
.00

	5	 Recaptured EZ-ITC (add column H amounts) ......................................................................	5	
	 6	 Recaptured EZ-EIC (add column I amounts) .......................................................................	6		
	 7	 Additional recapture (see instructions) ................................................................................	7	
.00
	 8	 Partners in a partnership, shareholders of an S corporation, or beneficiaries of an estate
		  or trust, enter your share of addback of the EZ-ITC and EZ-EIC (see instructions) ....................	 8	
	9	Add lines 5 through 8 ...................................................................................................................	9	
Fiduciaries: Complete lines 10 and 11. All others: Enter the line 9 amount on line 2.
	10	 Fiduciaries: Enter the amount of recapture allocated to beneficiaries . ......................................	 10	
	 11	 Fiduciary share of recapture (subtract line 10 from line 9; enter here and on line 2) ............................	 11	

.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00

Schedule C – Computation of EZ-ITC and EZ-EIC used and carried over
12	
13	
14	
15	

.00
.00
.00
.00

		  see instructions) ......................................................................................................................................... 	 16	
	17	 Unused EZ-ITC and EZ-EIC available to be carried forward (subtract line 16 from line 12) . ...........	 17	

.00
.00

	12	
	13	
	14	
	15	
	16	

EZ-ITC and EZ-EIC available for use this tax year (from line 3) ....................................................	
Tax due before credits (see instructions) . .......................................................................................	
Enter all credits applied against your tax before the EZ-ITC and EZ-EIC (see instructions) ..........	
Subtract line 14 from line 13 ........................................................................................................	
EZ-ITC and EZ-EIC used this year (enter the amount from line 12 or line 15, whichever is less;

163001230094

Extracted from PDF file 2023-new-york-form-it-603.pdf, last modified December 2006

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More about the New York Form IT-603 Individual Income Tax Tax Credit TY 2023

File this claim with your personal income tax return, Form IT-201, IT-203, IT-204, or IT-205. Submit a copy of the Certificate of Eligibility and the Empire Zone Retention Certificate. See Form IT‑603-I, Instructions for Form IT‑603, for assistance in completing this form.

We last updated the Claim for EZ Investment Tax Credit and EZ Employment Incentive Tax Credit in January 2024, so this is the latest version of Form IT-603, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-603 directly from TaxFormFinder. You can print other New York tax forms here.

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Other New York Individual 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-201	Individual Income Tax Return Tax Return
IT-201-V	Payment Voucher for Income Tax Returns Voucher
Form IT-203	Nonresident Income Tax Return Nonresident
Form IT-201-D	Resident Itemized Deduction Schedule (DISCONTINUED)
Form IT-201-I	Individual Income Tax Return Instructions 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 IT-603 from the Department of Taxation and Finance in January 2024.

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Form IT-603 is a New York Individual 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 Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of New York Form IT-603

We have a total of twelve past-year versions of Form IT-603 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form IT-603

Form IT-603 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit Tax Year 2023

2022 Form IT-603

Form IT-603 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit Tax Year 2022

2021 Form IT-603

Form IT-603 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit Tax Year 2021

2020 Form IT-603

Form IT-603:2020:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:it603

2019 Form IT-603

Form IT-603:2019:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:it603

2018 Form IT-603

Form IT-603:2018:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:it603

2017 Form IT-603

Form IT-603:2017:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:IT603

2016 Form IT-603

Form IT-603:2016:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:IT603

2015 Form IT-603

Form IT-603:2015:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:IT603

Claim for EZ Investment Tax Credit and EZ Employment Incentive Tax Credit

2014 Form IT-603

Form IT-603:2014:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:IT603

2013 Form IT-603

Form IT-603:2013:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:IT603

2012 Form IT-603

Form IT-603:2012:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit:IT603

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