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This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for Form IT-611.2
for the current year.
Instructions for Form IT-611.2 Claim for Brownfield Redevelopment Tax Credit for Qualified Sites Accepted Into the Brownfield Cleanup Program on or After July 1, 2015 - New York
This document contains official instructions for Form IT-611.2 , Claim for Brownfield Cleanup Program on or After 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-611.2 is available for download through this link.
FAQ
Q: What is Form IT-611.2?
A: Form IT-611.2 is a tax form used to claim the Brownfield Redevelopment Tax Credit for qualified sites accepted into the Brownfield Cleanup Program in New York.
Q: What is the Brownfield Redevelopment Tax Credit?
A: The Brownfield Redevelopment Tax Credit is a incentive program in New York that provides tax credits to developers who clean up and redevelop contaminated sites.
Q: Who can use Form IT-611.2?
A: Developers who have had their site accepted into the Brownfield Cleanup Program in New York can use Form IT-611.2 to claim the tax credit.
Q: When should Form IT-611.2 be used?
A: Form IT-611.2 should be used when claiming the Brownfield Redevelopment Tax Credit for qualified sites accepted into the Brownfield Cleanup Program on or after July 1, 2015.
Q: What information is required on Form IT-611.2?
A: Form IT-611.2 requires information on the developer, the qualified site, and the amount of the tax credit being claimed.
Q: Are there any deadlines for submitting Form IT-611.2?
A: Yes, Form IT-611.2 must be filed within three years from the due date of the original return or the date the return was filed, whichever is later.
Q: Can the Brownfield Redevelopment Tax Credit be carried forward or refunded?
A: Yes, unused tax credits can be carried forward for up to 15 years or refunded in certain cases.
Q: Is there a limit on the amount of the Brownfield Redevelopment Tax Credit?
A: Yes, the total amount of tax credits that can be claimed for a calendar year is limited by law.
Instruction Details:
- This 7-page document is available for download in PDF;
- Actual and applicable for this year;
- Complete, printable, and free.
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