This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form CT-46 for the current year.
This document contains official instructions for Form CT-46 , Claim for Employment Incentive Credit) - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form CT-46 is available for download through this link.
Q: What is Form CT-46?
A: Form CT-46 is a claim form for the Investment Tax Credit and Employment Incentive Credit in New York.
Q: What is the Investment Tax Credit?
A: The Investment Tax Credit is a credit available to businesses that make qualified investments in certain property.
Q: What is the Employment Incentive Credit?
A: The Employment Incentive Credit is a credit available to businesses that create or retain jobs in designated areas.
Q: Who can file Form CT-46?
A: Businesses in New York that are eligible for the Investment Tax Credit or Employment Incentive Credit can file Form CT-46.
Q: What information is required on Form CT-46?
A: Form CT-46 requires information about the business, the investment or job creation/retention, and the amount of credit being claimed.
Q: When is the deadline to file Form CT-46?
A: The deadline to file Form CT-46 is generally within 3 years from the original due date of the tax return for the tax year in question.
Q: Can I claim both the Investment Tax Credit and the Employment Incentive Credit on Form CT-46?
A: Yes, businesses can claim both credits on Form CT-46 if they are eligible for both.
Q: Are there any limitations on the amount of credit that can be claimed?
A: Yes, there are certain limitations and restrictions on the amount of credit that can be claimed, which are explained in the instructions for Form CT-46.
Q: What should I do if I have questions or need assistance with Form CT-46?
A: If you have questions or need assistance, you can contact the New York State Department of Taxation and Finance or consult with a tax professional.
Instruction Details:
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