New York Innovation Hot Spot Deduction

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Innovation Hot Spot Deduction
Form CT-223 Innovation Hot Spot Deduction Tax Year 2024Department of Taxation and Finance	

Innovation Hot Spot Deduction

Tax Law – Article 1, Section 38 and Article 9-A, Section 208.9(a)(18)
	 Legal name of corporation	

CT-223

Employer identification number (EIN)

Attach this form to Form CT-225 or CT-225-A.

Complete the information below if you are a qualified entity located both inside and outside a hot spot, you are a corporate partner of
a qualified entity, or both. If you are a qualified entity located entirely within a hot spot, do not complete this form unless you are a
qualified entity that is a New York S corporation.
Before completing, see Form CT-223-I, Instructions for Form CT-223.
A

Innovation hot spot name

546001240094

B

Code

C

Business
participation
number

D

EIN of qualified entity
located in the hot spot

E

F

Mark an X if Tax year
this entity is
being
subject to
claimed
(enter 1, 2, 3,
the MTA
4, or 5)
surcharge

G

Income or gain
attributable to the hot spot

Extracted from PDF file 2024-new-york-form-ct-223.pdf, last modified September 2024

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More about the New York Form CT-223 Corporate Income Tax TY 2024

We last updated the Innovation Hot Spot Deduction in January 2025, so this is the latest version of Form CT-223, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form CT-223 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 CT-3M/4M	General Business Corporation MTA Surcharge Return (Obsolete)
Form CT-6	Election by a Federal S Corporation to be Treated As a New York S Corporation
Form NYS-45-ATT	Quarterly Combined Withholding, Wage Reporting, and Unemployment Insurance Return - Attachment
Form IT-205-V	Instructions and Payment Voucher for Fiduciary Income Tax Returns Voucher
Form CT-247	Application for Exemption from Corporation Franchise Taxes By a Not-for-Profit Organization

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-223 from the Department of Taxation and Finance in January 2025.

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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-223

We have a total of twelve past-year versions of Form CT-223 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2024 Form CT-223

Form CT-223 Innovation Hot Spot Deduction Tax Year 2024

2023 Form CT-223

Form CT-223 Innovation Hot Spot Deduction Tax Year 2023

2022 Form CT-223

Form CT-223 Innovation Hot Spot Deduction Tax Year 2022

2021 Form CT-223

Form CT-223 Innovation Hot Spot Deduction Tax Year 2021

2020 Form CT-223

Form CT-223 Innovation Hot Spot Deduction Tax Year 2020

2019 Form CT-223

Form CT-223:2019:Innovation Hot Spot Deduction:ct223

2018 Form CT-223

Form CT-223:2018:Innovation Hot Spot Deduction:ct223

2017 Form CT-223

Form CT-223:2017:Innovation Hot Spot Deduction:ct223

2016 Form CT-223

Form CT-223:2016:Innovation Hot Spot Deduction:ct223

2015 Form CT-223

Form IT-223:2015:Innovation Hot Spot Deduction:it223

2014 Form CT-223

Form CT-223:2014:Innovation Hot Spot Deduction:ct223

2013 Form CT-223

Form CT-223:2013:Innovation Hot Spot Deduction:ct223

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