To your corporation franchise tax return to determine the order ofĪrticle 9-A taxpayers: Refer to Form CT-600-I, Instructions forįorm CT-600, Ordering of Corporation Tax Credits. Prior to the credit claimed on this form). Tax credit (include any ZEA or EZ wage tax credit applied to the tax Year, enter the amount of the tax credit(s) claimed before the wage Line 5 – If you are claiming more than one tax credit for this tax
Line 4 – Enter the amount from line 2 plus any net recaptured taxĬT-33 filers: Enter the tax from Form CT-33, line 9a, plus any netĬT-33-A filers: Enter the tax from Form CT-33-A, line 10, plus any Schedule B – Computation of credit used and From this result, subtract any wage taxĬredits claimed for this year that you want to apply prior to the credit In the current year cannot exceed 50% of the current year’s tax. Tax return, the aggregate amount of all the wage tax credits used More than one entity on a return, such as on a combined franchise Line 3 – For taxpayers claiming a wage tax credit carryforward from Line 2 – Enter the current year’s tax before the deduction of any tax Line 1 – On line 1, enter the wage tax credit carryforward from your Result of the above limitations may be carried forward to subsequent The wage tax credit may not be applied against the MTA surchargeĪny portion of the wage tax credit disallowed in Schedule A as a
Schedule A – Computation of credit carryover May only claim an EZ wage tax credit carryover from previous years.Īny business that was required to obtain an EZ retention certificateįrom Empire State Development, but was denied one, is not eligible For tax years beginning on or after July 1, 2014, you For tax years beginning after June 13,Ģ004, you may only claim a ZEA wage tax credit carryover from The zone equivalent area (ZEA) and empire zone (EZ) wage taxĬredits have both expired. Schedule C – Multiple zone information (attach additional sheets if necessary) 10Ĭredit available as carryforward (subtract line 10 from line 1). 9Ĭredit used for current tax year (see instructions). 8Ĭredit limitation for current tax year (enter the lesser of line 3 or line 8). 7Ĭredit limitation (subtract line 7 from line 6). 6Įnter the appropriate minimum tax (see instructions). 4Įnter other credits claimed before the wage tax credit (see instructions). Computation of credit used and carried forwardĬurrent year’s tax (see instructions). 2ģ 50% limitation (multiply line 2 by 50% (.5) if claiming a credit carryforward from more than one entity, see instructions). 1Ģ Current year’s tax (see instructions). Computation of credit carryover available for the current tax yearġ Wage tax credit carryforward from preceding tax year (see instructions). Name of empire zone (EZ) or zone equivalent area (ZEA) (if multiple zones, complete Schedule C)įile this claim with your franchise tax return, Form CT-3, CT-3-A, CT-33, CT-33-A, or CT-33-NL.Ī If you are claiming this credit as a corporate partner, mark an X in the box. Tax Law – Article 9-A, former Section 210.19 and
Form CT-601 Claim for EZ Wage Tax Credit Tax Year 2020CT-601