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New York Claim for Brownfield Redevelopment Tax Credit - For Qualified Sites Accepted into the Brownfield Cleanup Program Prior to June 23, 2008
Extracted from PDF file 2023-new-york-form-ct-611.pdf, last modified September 2023Claim for Brownfield Redevelopment Tax Credit - For Qualified Sites Accepted into the Brownfield Cleanup Program Prior to June 23, 2008
Department of Taxation and Finance Claim for Brownfield Redevelopment Tax Credit CT-611 For Qualified Sites Accepted into the Brownfield Cleanup Program Prior to June 23, 2008 Sections 21, 187-g, 210-B.17 and 1511(u) All filers must enter tax period: beginning Legal name of corporation ending Employer identification number (EIN) File this form with your franchise tax return. A separate Form CT-611 must be filed for each Certificate of Completion (COC). Did the Department of Environmental Conservation (DEC) accept this site into the Brownfield Cleanup Program prior to June 23, 2008?....................................................................................................... Yes No If you answered Yes, and the site received a COC by December 31, 2017, complete this form to claim the brownfield redevelopment tax credit. If you answered Yes, and the site received a COC after December 31, 2017, do not complete this form; instead, use Form CT-611.2 to claim the credit. If you answered No, do not complete this form. If the site was accepted on or after June 23, 2008 and prior to July 1, 2015, use Form CT-611.1; if the site was accepted on or after July 1, 2015, use Form CT-611.2 to claim the credit. Enter the date of execution of the Brownfield Cleanup Agreement (BCA) for the brownfield site for which you are claiming this credit............................................................................................................... A Mark an X in the box if you are claiming this credit as a corporate partner (see instructions)..................................................... A Schedule A – Brownfield site identifying information Enter the following information as listed on the COC issued by the DEC for the qualified site (see instructions). Submit a copy of the COC. Site name Site location – municipality DEC region Site location – county Division of Environmental Remediation (DER) site number Date COC was issued If applicable, enter the date the COC was transferred pursuant to the transfer or sale of the qualified site. Submit a copy of the sale or transfer documentation to this form............................................ Is the qualified site for which the COC was issued by the DEC located in an environmental zone (EN-Zone)? Yes No If Yes, enter the percent (as a decimal rounded to four places) of the qualified site located within an EN-Zone Schedule B – Site preparation credit component (see instructions) A B Description of site preparation costs Date costs paid or incurred (mm-dd-yy) Total from additional form(s), if any .................................................................................................................. 1 Add column C amounts (corporate partners: see instructions). ................................................................ 1 2 Applicable percentage rate (see instructions)........................................................................................ 2 3 Site preparation credit component (multiply line 1 by line 2; enter here and on line 13; New York S corporations, see instructions) . ......................................................................................................... 3 519001230094 C Costs Page 2 of 3 CT-611 (2023) Schedule C – Tangible property credit component (see instructions) A B C Description of qualified property Principal use Date placed in service (list items separately; see instr.) (mm-dd-yy) D Life (years; see instr.) E Cost or other basis Total from additional form(s), if any .................................................................................................................. 4 Add column E amounts (corporate partners: see instructions).................................................................. 4 5 Applicable percentage rate (see instructions)........................................................................................ 5 6 Tangible property credit component (multiply line 4 by line 5; enter here and on line 14; New York S corporations, see instructions) . ......................................................................................................... 6 Schedule D – On-site groundwater remediation credit component (see instructions) A B Description of groundwater remediation costs Date costs paid or incurred (mm-dd-yy) C Costs Total from additional form(s), if any .................................................................................................................. 7 Add column C amounts (corporate partners: see instructions). ................................................................ 7 8 Applicable percentage rate (see instructions)........................................................................................ 8 9 On-site groundwater remediation credit component (multiply line 7 by line 8; enter here and on line 15; New York S corporations, see instructions). ............................................................................................ 9 Schedule E – Recapture of credit taken in previous tax years (submit additional forms if necessary) Recapture of tangible property credit component for property that ceases to be in qualified use (see instructions) A B C D E F G H Recaptured Description of property Date property Date property Life Unused Percentage Tangible property was placed ceased (months) life (col E ÷ col D) credit component tangible in service to qualify (months) previously allowed property (mm-dd-yy) (mm-dd-yy) credit component (column F x column G) Total from additional form(s), if any .................................................................................................................. 10 Recaptured tangible property credit component (add column H amounts)........................................... 10 Recapture if COC is revoked (see instructions) 11a Net tangible property credit component previously allowed (see instructions).................................... 11a 11b Site preparation credit component previously allowed...................................................................... 11b 11c On-site groundwater remediation credit component previously allowed........................................... 11c 12 Enter line 10 amount or sum of lines 11a through 11c (enter here and on line 17; New York S corporations, see instructions)......................................................................................................... 12 Credit summary (New York S corporations do not complete this section) 13 Site preparation credit component (from line 3).................................................................................... 13 14 Tangible property credit component (from line 6). ................................................................................ 14 15 On-site groundwater remediation component (from line 9). ................................................................. 15 16 Subtotal (add lines 13, 14, and 15). ...................................................................................................... 16 17 Recapture of credit taken in previous tax years (from line 12)............................................................ 17 18 Net brownfield redevelopment credit (see instructions)....................................................................... 18 519002230094 CT-611 (2023) Page 3 of 3 Computation of brownfield redevelopment tax credit used, refunded, or credited as an overpayment in the next year (New York S corporations do not complete this section) 19 Tax due before credits (see instructions)............................................................................................... 20 Tax credits claimed before the brownfield redevelopment tax credit (see instructions)....................... 21 Subtract line 20 from line 19............................................................................................................... 22 Minimum tax (see instructions).............................................................................................................. 23 Credit limitation (subtract line 22 from line 21; if zero or less, enter 0)...................................................... 24 Brownfield redevelopment tax credit to be used this tax year (see instructions). ................................ 25 Unused brownfield redevelopment tax credit available for refund or as an overpayment (subtract line 24 from line 18). ......................................................................................................................... 26 Brownfield redevelopment tax credit to be refunded (limited to the amount on line 25; see instructions)..... 27 Brownfield redevelopment tax credit to be credited as an overpayment in the next tax year (subtract line 26 from line 25; see instructions). ..................................................................................................... 19 20 21 22 23 24 25 26 27 Partnership information (see instructions; submit additional forms if necessary using the same format shown) Name of partnership Partnership’s EIN Costs allocated to taxpayer.................... Site preparation costs Name of partnership Costs allocated to taxpayer.................... Site preparation costs Costs allocated to taxpayer.................... Site preparation costs Costs allocated to taxpayer.................... Site preparation costs Costs allocated to taxpayer.................... Site preparation costs Total from additional form(s) if any......... include on lines 1, 4, and 7 as applicable)............................ 28 519003230094 Groundwater remediation costs Tangible property costs Groundwater remediation costs Tangible property costs Groundwater remediation costs Partnership’s EIN Costs allocated to taxpayer.................... 28 Total costs allocated from partnership(s) (enter here and Tangible property costs Partnership’s EIN Name of partnership Groundwater remediation costs Partnership’s EIN Name of partnership Tangible property costs Partnership’s EIN Name of partnership Groundwater remediation costs Partnership’s EIN Name of partnership Tangible property costs Site preparation costs Tangible property costs Groundwater remediation costs Site preparation costs Tangible property costs Groundwater remediation costs Site preparation costs Tangible property costs Groundwater remediation costs
Form CT-611 Claim for Brownfield Redevelopment Tax Credit Tax Year 2023
More about the New York Form CT-611 Corporate Income Tax Tax Credit TY 2023
We last updated the Claim for Brownfield Redevelopment Tax Credit - For Qualified Sites Accepted into the Brownfield Cleanup Program Prior to June 23, 2008 in January 2024, so this is the latest version of Form CT-611, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-611 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. These related forms may also be needed with the New York Form CT-611.
| Form Code | Form Name |
|---|---|
| Form CT-611.1 | Claim for Brownfield Redevelopment Tax Credit - For Qualified Sites Accepted into the Brownfield Cleanup Program on or after June 23, 2008 |
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-611 from the Department of Taxation and Finance in January 2024.
Form CT-611 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-611
We have a total of thirteen past-year versions of Form CT-611 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form CT-611
Form CT-611 Claim for Brownfield Redevelopment Tax Credit Tax Year 2023
2022 Form CT-611
Form CT-611 Claim for Brownfield Redevelopment Tax Credit Tax Year 2022
2021 Form CT-611
Form CT-611 Claim for Brownfield Redevelopment Tax Credit Tax Year 2021
2020 Form CT-611
Form CT-611 Claim for Brownfield Redevelopment Tax Credit Tax Year 2020
2019 Form CT-611
Form CT-611:2019:Claim for Brownfield Redevelopment Tax Credit:ct611
2018 Form CT-611
Form CT-611:2018:Claim for Brownfield Redevelopment Tax Credit:ct611
2017 Form CT-611
Form CT-611:2017:Claim for Brownfield Redevelopment Tax Credit:ct611
2016 Form CT-611
Form CT-611:2016:Claim for Brownfield Redevelopment Tax Credit:CT611
2015 Form CT-611
Form CT-611:2015:Claim for Brownfield Redevelopment Tax Credit:CT611
2014 Form CT-611
Form CT-611:2014:Claim for Brownfield Redevelopment Tax Credit:CT611
2013 Form CT-611
Form CT-611:2013:Claim for Brownfield Redevelopment Tax Credit:CT611
2012 Form CT-611
Form CT-611:2012:Claim for Brownfield Redevelopment Tax Credit:CT611
2011 Form CT-611
Form CT-611:2011:Claim for Brownfield Redevelopment Tax Credit:CT611
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