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 2023
IT-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