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New York Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry
Extracted from PDF file 2023-new-york-form-ct-605.pdf, last modified September 2023Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry
Department of Taxation and Finance Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry CT-605 Tax Law – Article 9-A, Sections 210-B.3 and 210-B.4 All filers must enter tax period: beginning ending Employer identification number(s) shown on page 1 of your tax return File this claim with your corporation franchise tax return, Form CT-3, CT-3-S, or CT-3-A. Attach a copy of the Certificate of Eligibility and retention certificate. Legal name of corporation Name of empire zone (EZ) A Mark an X in the box if you are claiming this credit as a corporate partner (see instructions)................................. A Schedule A – Computation of EZ-ITC and EZ-EIC Part 1 – Computation of EZ-ITC 1 Unused EZ-ITC from preceding period (New York S corporations: enter 0) ............................................. 1 2 Recapture of EZ-ITC (enter the amount from line 7) ................................................................................ 2 3 Net EZ-ITC or addback (see instructions)............................................................................................... 3 Part 2 – Computation of EZ-EIC 4 Unused EZ-EIC from preceding period (New York S corporations: enter 0) ............................................. 5 Recapture of EZ-EIC (enter the amount from line 8) . .............................................................................. 6 Net EZ-EIC or addback (see instructions). ............................................................................................. 4 5 6 Schedule B – Computation of recapture of EZ-ITC and EZ-EIC (see instructions) A B C D E F G Description of property Date acquired Date property Life Unused Percentage EZ-ITC ceased to (months) life (E ÷ D) allowed qualify (months) Amounts from attached sheets............................................................................................ 7 Recaptured EZ-ITC (add column H amounts; enter here and on line 2)....................... 7 8 Recaptured EZ-EIC (add column I amounts; enter here and on line 5). ......................... 8 465001230094 H Recaptured EZ-ITC (F × G) I Recaptured EZ-EIC Page 2 of 2 CT-605 (2023) Schedule C – Computation EZ-EIC and EZ-ITC used and carried forward Part 1 – Computation of EZ-EIC and EZ-ITC used (C corporations only; see instructions) A EZ-EIC B EZ-ITC 9 Tax before credits (from your franchise tax return), minus all credits claimed before the EZ-EIC (column A) or before the EZ-ITC (column B) (see instructions)............................................ 10 Fixed dollar minimum tax (see instructions). ............................................ 11 EZ credit limitation (subtract line 10 from line 9)....................................... 12 EZ credit used this period (column A: enter the lesser of line 6 or column A, line 11; column B: enter the lesser of line 3 or column B, line 11).................. 13 Total EZ-EIC and EZ-ITC used this period (add line 12, columns A and B; see instructions). ................................................................................................................................. Part 2 – Credits available for carryforward (C corporations only) 14 Net EZ-ITC from line 3 (if line 3 is zero or less, enter 0 here and on line 16)................................................. 15 EZ-ITC used from line 12, column B.................................................................................................... 16 EZ-ITC available for carryforward (subtract line 15 from line 14).............................................................. 17 Net EZ-EIC from line 6 (if line 6 is zero or less, enter 0)............................................................................. 18 EZ-EIC used from line 12, column A ................................................................................................... 19 EZ-EIC available for carryforward (subtract line 18 from line 17) . ........................................................... 465002230094 14 15 16 17 18 19
Form CT-605 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry Tax Year 2023
More about the New York Form CT-605 Corporate Income Tax Tax Credit TY 2023
We last updated the Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry in January 2024, so this is the latest version of Form CT-605, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-605 directly from TaxFormFinder. You can print other New York tax forms here.
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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 |
| Form CT-3M/4M | General Business Corporation MTA Surcharge Return (Obsolete) |
| Form IT-205 | Fiduciary Income 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 |
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-605 from the Department of Taxation and Finance in January 2024.
Form CT-605 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-605
We have a total of thirteen past-year versions of Form CT-605 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form CT-605
Form CT-605 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry Tax Year 2023
2022 Form CT-605
Form CT-605 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry Tax Year 2022
2021 Form CT-605
Form CT-605 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry Tax Year 2021
2020 Form CT-605
Form CT-605 Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry Tax Year 2020
2019 Form CT-605
Form CT-605:2019:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry:CT605
2018 Form CT-605
Form CT-605:2018:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry:ct605
2017 Form CT-605
Form CT-605:2017:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry:ct605
2016 Form CT-605
Form CT-605:2016:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry:CT605
2015 Form CT-605
Form CT-605:2015:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry:CT605
2014 Form CT-605
Form CT-605:2014:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry:CT605
2013 Form CT-605
Form CT-605:2013:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry:CT605
2012 Form CT-605
Form CT-605:2012:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry:CT605
2011 Form CT-605
Form CT-605:2011:Claim for EZ Investment Tax Credit and EZ Employment Incentive Credit for the Financial Services Industry:CT605
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