Instructions for Form CT-606 Claim for Qeze Credit for Real Property Taxes - New York

Form CT-606 Claim for Qeze Credit for Real Property Taxes - New York

This document contains official instructions for Form CT-606 , Claim for Qeze Credit for Real Property Taxes - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form CT-606 is available for download through this link.

FAQ

Q: What is Form CT-606?
A: Form CT-606 is used to claim the QEZE (Qualified Empire Zone Enterprise) credit for real property taxes in New York.

Q: Who can use Form CT-606?
A: Only taxpayers who are eligible for the QEZE credit can use Form CT-606.

Q: What is the QEZE credit?
A: The QEZE credit is a credit against New York State and New York City personal incometax liabilities.

Q: How do I qualify for the QEZE credit?
A: To qualify for the QEZE credit, you must meet certain eligibility requirements, such as owning or leasing qualified real property in an Empire Zone.

Q: What is considered qualified real property?
A: Qualified real property includes land, buildings, and improvements located in an Empire Zone.

Q: What is an Empire Zone?
A: An Empire Zone is a designated area in New York that offers various incentives and benefits to businesses located within the zone.

Q: Are there any filing deadlines for Form CT-606?
A: Yes, Form CT-606 must be filed on or before the due date of your New York State and New York City personal income tax return.

Q: Can I claim the QEZE credit for multiple properties?
A: Yes, you can claim the QEZE credit for multiple qualified properties, as long as they meet the eligibility requirements.

Q: What supporting documentation do I need to attach with Form CT-606?
A: You must attach a copy of the Certification of Eligibility for each qualified property and other required documentation, as specified in the instructions for Form CT-606.