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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-it-611.pdf, last modified October 2006Claim 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 IT-611 For Qualified Sites Accepted into the Brownfield Cleanup Program Prior to June 23, 2008 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 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 prior to June 23, 2008? ........................................................................................ A Yes If you answered Yes, and the site received a COC by December 31, 2017, complete this form to claim the brownfield redevelopment tax credit. No If you answered Yes, and the site received a COC after December 31, 2017, do not complete this form; instead, use Form IT-611.2 to claim the credit. If you answered No, do not complete this form. If the site was accepted into the Brownfield Cleanup Program on or after June 23, 2008 and prior to July 1, 2015, use Form IT-611.1; if the site was accepted on or after July 1, 2015, use Form IT-611.2 to claim the credit. Schedule A – Brownfield site identifying information (see instructions, Form IT-611-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 171001230094 Page 2 of 4 IT-611 (2023) Schedule B – Credit components (see instructions) Part 1 – Site preparation credit component (see instructions) A B Description of site preparation costs (see instructions) C Date costs paid or incurred Costs (mmddyyyy; see instr.) .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 rate (from Applicable percentage table in the instructions) ......................................................... 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). Part 2 – Tangible property credit component (see instructions) A Description of qualified tangible property B Principal use C Date placed in service (list each item separately; see instr.) (see instructions) (mmddyyyy) 3 4 .00 5 .00 6 .00 7 8 .00 .00 D E Life (years; see instr.) Cost or other basis (see instructions) .00 .00 .00 9 Total of column E amounts from additional form(s), if any .......................................................... 9 10 Add column E amounts (include any amount from line 9) ................................................................ 10 .00 .00 11 Applicable percentage rate (from Applicable percentage table in the instructions) ......................................................... 11 12 Tangible property credit component (multiply line 10 by line 11) ...................................................... 12 Partner S corporation shareholder Beneficiary 13 Enter your share of the tangible property credit component from your partnership(s) ............................................................................................. 14 Enter your share of the tangible property credit component from your S corporation(s) .......................................................................................... 15 Enter your share of the tangible property credit component from the estate(s) or trust(s) ..................................................................................... 16 Total tangible property credit component (add lines 12 through 15; see instructions). 171002230094 .00 13 .00 14 .00 15 16 .00 .00 IT-611 (2023) Page 3 of 4 Part 3 – On-site groundwater remediation credit component (see instructions) A B Description of groundwater remediation costs (see instructions) C Date costs paid or incurred Costs (mmddyyyy; see instr.) .00 .00 .00 17 Total of column C amounts from additional form(s), if any ........................................................... 17 18 Add column C amounts (include any amount from line 17) ............................................................... 18 .00 .00 19 Applicable percentage rate (from Applicable percentage table in the instructions) ......................................................... 19 .00 20 On-site groundwater remediation credit component (multiply line 18 by line 19) ............................. 20 Partner 21 Enter your share of the on-site groundwater remediation credit component from your partnership(s) ............................................................................. 22 Enter your share of the on-site groundwater remediation credit component from your S corporation(s) .......................................................................... 23 Enter your share of the on-site groundwater remediation credit component from the estate(s) or trust(s) ....................................................................... 24 Total on-site groundwater remediation credit component (add lines 20 through 23; see instructions) ........................................................ 21 .00 22 .00 23 .00 24 .00 25 Brownfield redevelopment tax credit (add lines 8, 16, and 24) ......................................................... 25 .00 S corporation shareholder Beneficiary Fiduciaries: Complete Schedule D. Individuals: Enter the line 25 amount on line 26. 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 B Identifying number (same as on Form IT-205, Schedule C) Total Fiduciary 171003230094 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 (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 (see instructions) 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 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 H Recaptured tangible property credit component (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) ......................................................................................................... I ndividuals: Enter the line 40 amount and code 171 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 171 on Form IT-204, line 148. 171004230094
Form IT-611 Claim for Brownfield Redevelopment Tax Credit Tax Year 2023
More about the New York Form IT-611 Individual 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 IT-611, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-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 IT-611.
| Form Code | Form Name |
|---|---|
| Form IT-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 IT-611 from the Department of Taxation and Finance in January 2024.
Form IT-611 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-611
We have a total of twelve past-year versions of Form IT-611 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form IT-611
Form IT-611 Claim for Brownfield Redevelopment Tax Credit Tax Year 2023
2022 Form IT-611
Form IT-611 Claim for Brownfield Redevelopment Tax Credit Tax Year 2022
2021 Form IT-611
Form IT-611 Claim for Brownfield Redevelopment Tax Credit Tax Year 2021
2020 Form IT-611
Form IT-611 Claim for Brownfield Redevelopment Tax Credit Tax Year 2020
2019 Form IT-611
Form IT-611:2019:Claim for Brownfield Redevelopment Tax Credit:it611
2018 Form IT-611
Form IT-611:2018:Claim for Brownfield Redevelopment Tax Credit:it611
2017 Form IT-611
Form IT-611:2017:Claim for Brownfield Redevelopment Tax Credit:it611
2016 Form IT-611
Form IT-611:2016:Claim for Brownfield Redevelopment Tax Credit:it611
2015 Form IT-611
Form IT-611:2015:Claim for Brownfield Redevelopment Tax Credit:it611
2014 Form IT-611
Form IT-611:2014:Claim for Brownfield Redevelopment Tax Credit:it611
2013 Form IT-611
IT-611:2013:Claim for Brownfield Redevelopment Tax Credit:it611
2012 Form IT-611
IT-611:2012:Claim for Brownfield Redevelopment Tax Credit:it611
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