New York Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry

Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry
Form IT-605 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry Tax Year 2023
IT-605

Department of Taxation and Finance

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

	

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

	
File
this claim with your Form IT-201, IT-203, IT-204, or IT-205.
Submit a copy of the Certificate of Eligibility and Empire Zone Retention Certificate.
Name(s) as shown on the front page of 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 (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

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

G
EZ-ITC
allowed

I

H
Recaptured EZ-ITC

(see instructions)

	.00	
	.00	

(F × G)

.00	
.00	
.00

Recaptured
EZ‑EIC

(see instructions)

	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

Schedule C – Computation of EZ-ITC and EZ-EIC used and carried over
	12	 EZ-ITC and EZ-EIC available for use for the current tax year (from line 3) ...................................	 12	
	13	 Tax due before credits (see instructions) ............................... 	 13	
.00
	14	 Enter all credits applied against your tax before the
		  EZ-ITC and EZ-EIC (see instructions) ............................... 	 14	
.00
	15	 Subtract line 14 from line 13 .............................................. 	 15	
.00
	16	 EZ-ITC and EZ-EIC used this year (enter the amount from line 15 or line 12, whichever is less;
		  see instructions) .......................................................................................................................................... 	 16	
	17	 Unused EZ-ITC and EZ-EIC available for carryforward for next year (subtract line 16 from line 12) 	 17	

165001230094

.00

.00
.00