Instructions for Form CT-604 Claim for Qeze Tax Reduction Credit - New York

Form CT-604 Claim for Qeze Tax Reduction Credit - New York

This document contains official instructions for Form CT-604 , Claim for Qeze Tax Reduction Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form CT-604 is available for download through this link.

FAQ

Q: What is Form CT-604?
A: Form CT-604 is used for claiming the QEZE Tax Reduction Credit in New York.

Q: What is the QEZE Tax Reduction Credit?
A: The QEZE Tax Reduction Credit is a credit provided to businesses located in a Qualified Empire Zone Enterprise (QEZE) that meet certain criteria.

Q: Who can use Form CT-604?
A: Businesses located in a QEZE in New York can use Form CT-604 to claim the QEZE Tax Reduction Credit.

Q: What are the criteria to qualify for the QEZE Tax Reduction Credit?
A: To qualify for the QEZE Tax Reduction Credit, a business must be located in a QEZE, meet certain employment and investment requirements, and be certified by the Department of Economic Development.

Q: How do I complete Form CT-604?
A: Form CT-604 requires information about the business, the QEZE location, and details of the qualifying expenses. It is important to review the instructions provided with the form for guidance on completing it correctly.

Q: Are there any deadlines for filing Form CT-604?
A: Yes, the deadline for filing Form CT-604 is generally the same as the deadline for filing your business tax return in New York.

Q: Can I claim the QEZE Tax Reduction Credit if I am not located in a QEZE?
A: No, the QEZE Tax Reduction Credit is only available to businesses located in a Qualified Empire Zone Enterprise.