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 form used to request the Brownfield Redevelopment Tax Credit for qualifying sites.

Q: What is the Brownfield Cleanup Program?
A: The Brownfield Cleanup Program is a program in New York that supports the redevelopment of contaminated sites.

Q: When can Form CT-611.1 be used?
A: Form CT-611.1 can be used for qualified sites accepted into the Brownfield Cleanup Program between June 23, 2008, and July 1, 2015.

Q: What is the purpose of the Brownfield Redevelopment Tax Credit?
A: The Brownfield Redevelopment Tax Credit provides a financial incentive to encourage the cleanup and redevelopment of brownfield sites.

Q: Who can claim the Brownfield Redevelopment Tax Credit?
A: Eligible taxpayers, such as site owners, developers, or tenants, who incur the costs of site preparation and remediation on qualified brownfield sites can claim the tax credit.

Q: How do I complete Form CT-611.1?
A: Form CT-611.1 requires detailed information about the qualified site, the costs incurred, and the tax credit being claimed. Follow the instructions provided with the form to accurately complete it.

Q: Are there any deadlines for submitting Form CT-611.1?
A: Yes, Form CT-611.1 must be filed within three years from the due date of the tax return for the taxable year in which the qualified site is accepted into the Brownfield Cleanup Program.

Q: Can I claim the Brownfield Redevelopment Tax Credit for multiple sites?
A: Yes, you can claim the tax credit for multiple sites as long as each site meets the necessary qualifications.

Q: What documents should I include with Form CT-611.1?
A: You should include copies of all required documents, such as the certificate of completion from the Brownfield Cleanup Program and any other supporting documentation.