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New York Claim for Brownfield Redevelopment Tax Credit - For Qualified Sites Accepted into the Brownfield Cleanup Program on or after June 23, 2008
Extracted from PDF file 2023-new-york-form-ct-6111.pdf, last modified October 2006Claim for Brownfield Redevelopment Tax Credit - For Qualified Sites Accepted into the Brownfield Cleanup Program on or after June 23, 2008
Department of Taxation and Finance Claim for Brownfield Redevelopment Tax Credit IT-611.1 For Qualified Sites Accepted into the Brownfield Cleanup Program on or After June 23, 2008, and Prior to July 1, 2015 Tax Law – Sections 21 and 606(dd) Calendar-year filers, mark an X in the box: Other filers enter tax period: beginning and ending Submit this form with Form IT-201, IT-203, IT-204, or IT-205. A separate Form IT-611.1 must be filed for each Certificate of Completion (COC). Name(s) as shown on return Identifying number as shown on return A Did the Department of Environmental Conservation (DEC) accept this site into the Brownfield Cleanup Program on or after June 23, 2008, and prior to July 1, 2015?......................................... A Yes No If you answered Yes, and the site received a COC by December 31, 2019, complete this form to claim the brownfield redevelopment tax credit. If you answered Yes, and the site receives a COC after December 31, 2019, do not complete this form; instead, use Form IT-611.2 to claim the credit. Note: See Exception: under Which form to use in the instructions. If you answered No, do not complete this form. If the site was accepted prior to June 23, 2008, use Form IT-611; if the site was accepted on or after July 1, 2015, use Form IT-611.2 to claim the credit. For additional information, see Which form to use in the instructions. Schedule A – Brownfield site identifying information (see instructions, Form IT-611.1-I, for assistance) B Enter the date of execution of the Brownfield Cleanup Agreement (BCA) for the brownfield site for which you are claiming the credit (mmddyyyy).................................................................................. B C Enter the following information as listed on the COC issued by DEC for the qualified site; submit a copy of the COC. Site name Site location Municipality County DEC region Division of Environmental Remediation (DER) site number Date COC was issued D If applicable, enter the date the COC was transferred pursuant to the transfer or sale of the qualified site (mmddyyyy). Submit a copy of the sale or transfer documentation with this form. ......... D E Is the qualified site for which the COC was issued by the DEC located within an environmental zone (EN-Zone)?..................................................................................................... E Yes No F If Yes, enter the percent (as a decimal rounded to four places) of the qualified site located within an EN-Zone ..... F G Mark an X in the box if you received notification from the Department of State that the qualified site is located in a Brownfield Opportunity Area. Submit supporting documentation........................... G H Will the qualified site be used primarily for manufacturing activities?...................................................... H Yes No I Are there multiple taxpayers listed on the COC claiming a credit for the qualified site? ......................... I Yes No 170001230094 Page 2 of 4 IT-611.1 (2023) Schedule B – Credit components (see instructions) Part 1 – Site preparation credit component (see instructions) A Description of site preparation costs B Date costs paid or incurred (see instructions) (mmddyyyy; see instr.) C Costs .00 .00 .00 1 Total of column C amounts from additional form(s), if any........................................................... 2 Add column C amounts (include any amount from line 1) ................................................................ .00 .00 1 2 3 Applicable percentage (see instructions)................................................................................................................... 3 4 Site preparation credit component (multiply line 2 by line 3)............................................................ Partner S corporation shareholder Beneficiary 5 Enter your share of the site preparation credit component from your partnership(s) ............................................................................................. 6 Enter your share of the site preparation credit component from your S corporation(s)........................................................................................... 7 Enter your share of the site preparation credit component from the estate(s) or trust(s) ..................................................................................... 8 Total site preparation credit component (add lines 4 through 7; see instructions). 4 .00 5 .00 6 .00 7 8 .00 .00 Part 2 – On-site groundwater remediation credit component (see instructions) A Description of groundwater remediation costs (see instructions) B Date costs paid or incurred (mmddyyyy; see instr.) C Costs .00 .00 .00 9 Total of column C amounts from additional form(s), if any............................................................ 9 10 Add column C amounts (include any amount from line 9).................................................................. 10 .00 .00 11 Applicable percentage (see instructions)................................................................................................................... 11 12 On-site groundwater remediation credit component (multiply line 10 by line 11).............................. 12 Partner S corporation shareholder Beneficiary 13 Enter your share of the on-site groundwater remediation credit component from your partnership(s).............................................................................. 14 Enter your share of the on-site groundwater remediation credit component from your S corporation(s)........................................................................... 15 Enter your share of the on-site groundwater remediation credit component from the estate(s) or trust(s)........................................................................ 16 Total on-site groundwater remediation credit component (add lines 12 through 15; see instructions)......................................................... 170002230094 .00 13 .00 14 .00 15 .00 16 .00 IT-611.1 (2023) Page 3 of 4 Part 3 – Tangible property credit component A B Description of qualified tangible property Principal use C D Date placed in service E Life Cost or other basis (list each item separately; see instructions) (see instructions) (years; see instr.) (see instructions) (mmddyyyy) .00 .00 .00 17 Total of column E amounts from additional form(s), if any............................................................ 17 18 Add column E amounts (include any amount from line 17)................................................................. 18 .00 .00 19 Applicable percentage (see instructions)................................................................................................................... 19 20a 20b 20c 20d .00 .00 .00 .00 21 .00 22 .00 23 24 .00 .00 25 Brownfield redevelopment tax credit (add lines 8, 16, and 24) ......................................................... 25 Fiduciaries: Complete Schedule D. Individuals: Enter the line 25 amount on line 26. .00 20a Tentative tangible property credit component (see instructions)...................................................... 20b Tangible property component limitation for the qualified site (see instructions)............................... 20c Tangible property component for use in the current tax year for the qualified site (see instructions)... 20d Tangible property credit component (see instructions)..................................................................... Partner S corporation shareholder Beneficiary 21 Enter your share of the tangible property credit component from your partnership(s).............................................................................................. 22 Enter your share of the tangible property credit component from your S corporation(s)........................................................................................... 23 Enter your share of the tangible property credit component from the estate(s) or trust(s)...................................................................................... 24 Total tangible property credit component (add lines 20d through 23; see instructions)... Schedule C – Partnership, S corporation, estate, and trust information (see instructions) If you were a partner in a partnership, a shareholder of a New York S corporation, or a beneficiary of an estate or trust and received a share of the brownfield redevelopment tax credit from that entity, complete the following information for each partnership, New York S corporation, estate, or trust. For Type, enter P for partnership, S for S corporation, or ET for estate or trust. Name Type Employer ID number Schedule D – Beneficiary’s and fiduciary’s share of credit components and recapture of credit (see instr.) A Beneficiary’s name (same as on Form IT-205, Schedule C) Total Fiduciary 170003230094 B Identifying number C Share of site preparation credit component .00 .00 .00 .00 D Share of tangible property credit component .00 .00 .00 .00 E Share of on-site groundwater remediation credit component .00 .00 .00 .00 F Share of recapture of credit .00 .00 .00 .00 Page 4 of 4 IT-611.1 (2023) Schedule E – Computation of credit Individuals 26 Enter the amount from line 25 ................................................. 27a Enter the amount from Schedule D, Fiduciary line, column C.... Fiduciaries 27b Enter the amount from Schedule D, Fiduciary line, column D.... 27c Enter the amount from Schedule D, Fiduciary line, column E.... 28 Total brownfield redevelopment tax credit (add lines 26 through 27c; see instructions)................................ 26 27a 27b 27c .00 .00 .00 .00 28 .00 Schedule F – Recapture of credit (see instructions) Tangible property that ceases to be in qualified use A Description of property B C D E F Date property Date property Life Unused Percentage was placed in ceased to qualify (months) life (E ÷ D) service (mmddyyyy) (months) G Tangible property credit component previously allowed (mmddyyyy) .00 .00 .00 H Recaptured tangible property credit component 29 Total of column H amounts from additional form(s), if any........................................................... 29 30 Total recapture of credit for tangible property credit component (add column H amounts; include any amount on line 29)........................................................................... 30 (F × G) .00 .00 .00 .00 .00 Recapture if COC is revoked 31 32 33 34 Net tangible property credit component previously allowed (see instructions)................................ Site preparation credit component previously allowed (see instructions)........................................ On-site groundwater remediation credit component previously allowed (see instructions)............. Total recapture of brownfield redevelopment tax credit (add lines 30 through 33) .......................... Individuals and partnerships: Enter the line 34 amount on line 35. Fiduciaries: Include the line 34 amount on the Total line of Schedule D, column F. 31 32 33 34 .00 .00 .00 .00 35 36 37 38 39 40 .00 .00 .00 .00 .00 .00 Schedule G – Summary of recapture of credit (see instructions) 35 36 37 38 39 40 Individual’s and partnership’s recapture of credit (from line 34) ..................................................... Beneficiary’s share of recapture of credit (see instructions) ............................................................ Partner’s share of recapture of credit (see instructions)................................................................... S corporation shareholder’s share of recapture of credit (see instructions) .................................... Fiduciaries: enter your share of amount from Schedule D, Fiduciary line, column F.................... Total (add lines 35 through 39).......................................................................................................... Individuals: Enter the line 40 amount and code 170 on Form IT-201-ATT, line 20, or Form IT-203-ATT, line 19. Fiduciaries: Include the line 40 amount on Form IT-205, line 12. Partnerships: Enter the line 40 amount and code 170 on Form IT-204, line 148. 170004230094
Form IT-611.1 Claim for Brownfield Redevelopment Tax Credit Tax Year 2023
More about the New York Form CT-611.1 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 on or after June 23, 2008 in January 2024, so this is the latest version of Form CT-611.1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-611.1 directly from TaxFormFinder. You can print other New York tax forms here.
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 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 IT-204 | Partnership Tax Return |
| Form CT-6 | Election by a Federal S Corporation to be Treated As a New York S Corporation |
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-611.1 from the Department of Taxation and Finance in January 2024.
Form CT-611.1 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-611.1
We have a total of thirteen past-year versions of Form CT-611.1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form CT-611.1
Form IT-611.1 Claim for Brownfield Redevelopment Tax Credit Tax Year 2023
2022 Form CT-611.1
Form IT-611.1 Claim for Brownfield Redevelopment Tax Credit Tax Year 2022
2021 Form CT-611.1
Form IT-611.1 Claim for Brownfield Redevelopment Tax Credit Tax Year 2021
2020 Form CT-611.1
Form IT-611.1 Claim for Brownfield Redevelopment Tax Credit Tax Year 2020
2019 Form CT-611.1
Form IT-611.1:2019:Claim for Brownfield Redevelopment Tax Credit:it6111
2018 Form CT-611.1
Form IT-611.1:2018:Claim for Brownfield Redevelopment Tax Credit:it6111
2017 Form CT-611.1
Form IT-611.1:2017:Claim for Brownfield Redevelopment Tax Credit:it6111
2016 Form CT-611.1
Form IT-611.1:2016:Claim for Brownfield Redevelopment Tax Credit:it6111
2015 Form CT-611.1
Form CT-611.1:2015:Claim for Brownfield Redevelopment Tax Credit:CT6111I
2014 Form CT-611.1
Form CT-611.1:2014:Claim for Brownfield Redevelopment Tax Credit:CT6111I
2013 Form CT-611.1
Form CT-611.1:2013:Claim for Brownfield Redevelopment Tax Credit:CT6111I
2012 Form CT-611.1
Form CT-611.1:2012:Claim for Brownfield Redevelopment Tax Credit:CT6111I
2011 Form CT-611.1
Form CT-611.1:2011:Claim for Brownfield Redevelopment Tax Credit:CT6111
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