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New York Claim for Excelsior Jobs Program Tax Credit
Extracted from PDF file 2023-new-york-form-it-607.pdf, last modified November 2011Claim for Excelsior Jobs Program Tax Credit
Department of Taxation and Finance Claim for Excelsior Jobs Program Tax Credit IT-607 Tax Law - Sections 31 and 606(qq) 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. You must also submit a copy of the certificate(s) of tax credit issued by Empire State Development (ESD). Name(s) as shown on return Identifying number as shown on return A Excelsior Jobs Program project number (see instructions)........................................................................................ A B Year of eligibility (enter a number from 1 to 10; see instructions).................................................................................................. B B1 Green CHIPS projects only: indicate the phase from your certificate of tax credit issued by ESD (see instr.) ..... Phase 1 Phase 2 Schedule A – Credit components (see instructions) Part 1 – Excelsior jobs tax credit component (see instructions) Individual (including sole proprietor), partnership, fiduciary 1 Enter your excelsior jobs tax credit component .................. 1 .00 Partner 2 Enter your share of the excelsior jobs tax credit component from your partnership(s) ............................... S corporation shareholder 2 3 Enter your share of the excelsior jobs tax credit component from your S corporation(s) ........................... .00 3 .00 Beneficiary 4 Enter your share of the excelsior jobs tax credit component from the estate(s) or trust(s) ........................ 4 5 Total excelsior jobs tax credit component (add lines 1 through 4; see instructions) ................................ .00 5 .00 Individual (including sole proprietor), partnership, fiduciary 6 Enter your excelsior investment tax credit component ....... 6 .00 Partner 7 Enter your share of the excelsior investment tax credit component from your partnership(s) ............................... S corporation shareholder 7 8 Enter your share of the excelsior investment tax credit component from your S corporation(s) ........................... .00 8 .00 Beneficiary 9 Enter your share of the excelsior investment tax credit component from the estate(s) or trust(s) ........................ 9 10 Total excelsior investment tax credit component (add lines 6 through 9; see instructions) ................................ 10 .00 Part 2 – Excelsior investment tax credit component (see instructions) .00 Part 3 – Excelsior research and development tax credit component (see instructions) Individual (including sole 11 Enter your excelsior research and development tax proprietor), partnership, fiduciary credit component ............................................................ 11 12 Enter your share of the excelsior research and development Partner tax credit component from your partnership(s) ..................... 12 S corporation 13 Enter your share of the excelsior research and development shareholder tax credit component from your S corporation(s) ................. 13 14 Enter your share of the excelsior research and development Beneficiary tax credit component from the estate(s) or trust(s) .............. 14 15 Total excelsior research and development tax credit component (add lines 11 through 14; see instructions) .......... 15 607001230094 .00 .00 .00 .00 .00 Page 2 of 3 IT-607 (2023) Part 4 – Excelsior real property tax credit component (see instructions) Individual (including sole proprietor), partnership, fiduciary 16 Enter your excelsior real property tax credit component .... 16 17 Enter your share of the excelsior real property tax credit Partner component from your partnership(s) ............................... 17 S corporation 18 Enter your share of the excelsior real property tax credit shareholder component from your S corporation(s) ........................... 18 19 Enter your share of the excelsior real property tax credit Beneficiary component from the estate(s) or trust(s) ........................ 19 20 Total excelsior real property tax credit component (add lines 16 through 19; see instructions) ............................. 20 .00 .00 .00 .00 .00 Part 5 – Excelsior child care services tax credit component (see instructions) Individual (including sole proprietor), partnership, fiduciary 21 Enter your excelsior child care services tax credit component .... 21 22 Enter your share of the excelsior child care services tax Partner credit component from your partnership(s) ..................... 22 S corporation 23 Enter your share of the excelsior child care services tax shareholder credit component from your S corporation(s) ................. 23 24 Enter your share of the excelsior child care services tax Beneficiary credit component from the estate(s) or trust(s) ............... 24 25 Total excelsior child care services tax credit component (add lines 21 through 24; see instructions) ............................. 25 .00 .00 .00 .00 .00 .00 26 Excelsior jobs program tax credit (add lines 5, 10, 15, 20, and 25) ................................................... 26 Fiduciaries: Complete Schedule C. Individuals (including sole proprietors), partners, S corporation shareholders, and beneficiaries: Enter the line 26 amount on line 30. Schedule B – 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 excelsior jobs program 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 C – Beneficiary’s and fiduciary’s share of credit components and recapture of credit (see instr.) An estate or trust must complete this part. A Share of excelsior jobs tax credit component Totals 27 B Share of excelsior investment tax credit component C Share of excelsior research and development tax credit component D Share of excelsior real property tax credit component E Share of excelsior child care services tax credit component F Share of recapture of credit .00 .00 .00 .00 .00 .00 607002230094 IT-607 (2023) Page 3 of 3 Beneficiary’s and fiduciary’s share of credit (see instructions) List the beneficiary’s name and identifying number here; for each name, complete columns C through G on the corresponding lines below. Item A Beneficiary’s name B Identifying number (same as on Form IT-205, Schedule C) A B C D Item C Share of excelsior jobs tax credit component D Share of excelsior investment tax credit component E Share of excelsior research and development tax credit component F Share of excelsior real property tax credit component G Share of excelsior child care services tax credit component H Share of recapture of credit A .00 .00 .00 .00 .00 .00 B .00 .00 .00 .00 .00 .00 C .00 .00 .00 .00 .00 .00 D .00 .00 .00 .00 .00 .00 Total from additional forms, if any .00 .00 .00 .00 .00 .00 28 Total of allocated share to beneficiaries (total columns C through H) .00 .00 .00 .00 .00 .00 29 Fiduciary’s share (subtract line 28 from line 27 for each column) .00 .00 .00 .00 .00 .00 Schedule D – Computation of credit (see instructions) Individuals (including sole proprietors), partners, S corporation shareholders, beneficiaries 30 Enter the amount from line 26 ............................................ 31 Enter the amount from line 29, column C ........................... 32 Enter the amount from line 29, column D ........................... Fiduciaries 33 Enter the amount from line 29, column E ........................... 34 Enter the amount from line 29, column F ........................... 35 Enter the amount from line 29, column G .......................... 36 Total excelsior jobs program tax credit (add lines 30 through 35; see instructions) ............................ 30 31 32 33 34 35 .00 .00 .00 .00 .00 .00 36 .00 37 38 39 40 41 42 .00 .00 .00 .00 .00 .00 Schedule E – Summary of recapture of credit (see instructions) 37 38 39 40 41 42 Individual’s and partnership’s recapture of credit ......................................................................... 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 line 29, column H .................................................. Total (add lines 37 through 41) ......................................................................................................... Individuals (including sole proprietors), partners, S corporation shareholders, and beneficiaries: Enter the line 42 amount and code 607 on Form IT-201-ATT, line 20, or Form IT-203-ATT, line 19. Fiduciaries: Include the line 42 amount on Form IT-205, line 12. Partnerships: Enter the line 42 amount and code 607 on Form IT-204, line 148. 607003230094
Form IT-607 Claim for Excelsior Jobs Program Tax Credit Tax Year 2023
More about the New York Form IT-607 Individual Income Tax Tax Credit TY 2023
We last updated the Claim for Excelsior Jobs Program Tax Credit in January 2024, so this is the latest version of Form IT-607, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-607 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-201 | Individual Income Tax Return |
| IT-201-V | Payment Voucher for Income Tax Returns |
| Form IT-203 | Nonresident Income Tax Return |
| Form IT-201-D | Resident Itemized Deduction Schedule (DISCONTINUED) |
| Form IT-201-I | Individual Income Tax Return Instructions |
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 IT-607 from the Department of Taxation and Finance in January 2024.
Form IT-607 is a New York Individual 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 Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of New York Form IT-607
We have a total of twelve past-year versions of Form IT-607 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form IT-607
Form IT-607 Claim for Excelsior Jobs Program Tax Credit Tax Year 2023
2022 Form IT-607
Form IT-607 Claim for Excelsior Jobs Program Tax Credit Tax Year 2022
2021 Form IT-607
Form IT-607 Claim for Excelsior Jobs Program Tax Credit Tax Year 2021
2020 Form IT-607
Form IT-607 Claim for Excelsior Jobs Program Tax Credit Tax Year 2020
2019 Form IT-607
Form IT-607:2019:Claim for Excelsior Jobs Program Tax Credit:it607
2018 Form IT-607
Form IT-607:2018:Claim for Excelsior Jobs Program Tax Credit:it607
2017 Form IT-607
Form IT-607:2017:Claim for Excelsior Jobs Program Tax Credit:it607
2016 Form IT-607
Form IT-607:2016:Claim for Excelsior Jobs Program Tax Credit:it607
2015 Form IT-607
Form IT-607:2015:Claim for Excelsior Jobs Program Tax Credit:it607
2014 Form IT-607
Form IT-607:2014:Claim for Excelsior Jobs Program Tax Credit:it607
2013 Form IT-607
IT-607:2013:Claim for Excelsior Jobs Program Tax Credit:it607
2012 Form IT-607
IT-607:2012:Claim for Excelsior Jobs Program Tax Credit:it607
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