Instructions for Form CT-611.1 Claim for Brownfield Redevelopment Tax Credit for Qualified Sites Accepted Into the Brownfield Cleanup Program on or After June 23, 2008 and Prior to July 1, 2015 - New York

Form CT-611.1 Claim for Brownfield Redevelopment Tax Credit for Qualified Sites Accepted Into the Brownfield Cleanup Program on or After June 23, 2008 and Prior to July 1, 2015 - New York

This document contains official instructions for Form CT-611.1 , Claim for Brownfield Cleanup Program on or After June 23, 2008 and 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 CT-611.1 is available for download through this link.

FAQ

Q: What is Form CT-611.1?
A: Form CT-611.1 is a claim for the Brownfield Redevelopment Tax Credit for qualified sites accepted into the Brownfield Cleanup Program.

Q: What is the Brownfield Cleanup Program?
A: The Brownfield Cleanup Program is a New York state program designed to encourage the cleanup and redevelopment of contaminated properties.

Q: What is the Brownfield Redevelopment Tax Credit?
A: The Brownfield Redevelopment Tax Credit is a tax incentive provided to developers who remediate and redevelop brownfield sites.

Q: When can I use Form CT-611.1?
A: You can use Form CT-611.1 if your site was accepted into the Brownfield Cleanup Program between June 23, 2008 and July 1, 2015.

Q: How do I claim the Brownfield Redevelopment Tax Credit?
A: You can claim the credit by completing and submitting Form CT-611.1 along with the required documentation.

Q: What information is needed on Form CT-611.1?
A: Form CT-611.1 requires information about the developer, the site, and the environmental remediation activities.

Q: What documents should be included with Form CT-611.1?
A: You should include documentation of the acceptance into the Brownfield Cleanup Program, as well as other supporting documents.

Q: Are there any deadlines for filing Form CT-611.1?
A: Yes, Form CT-611.1 must be filed within 90 days of completing the environmental remediation.

Q: Who is eligible for the Brownfield Redevelopment Tax Credit?
A: Developers who have participated in the Brownfield Cleanup Program and have met the program's requirements are eligible for the tax credit.

Q: How much is the Brownfield Redevelopment Tax Credit?
A: The amount of the tax credit varies depending on the eligible costs incurred during the cleanup and redevelopment of the brownfield site.