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Instructions for Form IT-612
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Instructions for Form IT-612 Claim for Remediated Brownfield Credit for Real Property Taxes for Qualified Sites Accepted Into the Brownfield Cleanup Program Prior to July 1, 2015 - New York
This document contains official instructions for Form IT-612 , Claim for Remediated Brownfield Credit for Brownfield Cleanup Program Prior to July 1, 2015 - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-612 is available for download through this link.
FAQ
Q: What is Form IT-612?
A: Form IT-612 is a tax form for claiming the Remediated Brownfield Credit for Real Property Taxes.
Q: What is the Remediated Brownfield Credit?
A: The Remediated Brownfield Credit is a tax credit available for real property taxes on qualified sites that have been accepted into the Brownfield Cleanup Program.
Q: Who can claim the Remediated Brownfield Credit?
A: Property owners whose sites have been accepted into the Brownfield Cleanup Program prior to July 1, 2015 can claim the Remediated Brownfield Credit.
Q: What is the Brownfield Cleanup Program?
A: The Brownfield Cleanup Program is a New York State program that aims to incentivize the cleanup and redevelopment of contaminated properties.
Q: What is the deadline for filing Form IT-612?
A: The deadline for filing Form IT-612 is generally the same as the deadline for filing your New York State tax return, which is usually April 15th.
Q: Are there any supporting documents required with Form IT-612?
A: Yes, you must attach a copy of the Letter of Completion from the New York State Department of Environmental Conservation as supporting documentation.
Q: How long does it take to receive the Remediated Brownfield Credit?
A: The processing time for the Remediated Brownfield Credit can vary, but it generally takes several weeks to months to receive the credit.
Q: Can the Remediated Brownfield Credit be carried forward to future years?
A: Yes, any unused portion of the Remediated Brownfield Credit can be carried forward for up to 5 years.
Instruction Details:
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- Might not be applicable for the current year. Choose a more recent version;
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