Get Ny Dtf It-612 2022-2025

The NY DTF IT-612 form is essential for individuals and entities claiming the Remediated Brownfield Credit for real property taxes associated with qualified sites in the Brownfield Cleanup Program. This guide provides a clear, step-by-step approach to assist you in filling out this online form accurately.

Follow the steps to complete your NY DTF IT-612 form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Indicate whether you are a calendar-year filer by marking an X in the appropriate box. If not, enter the relevant tax period with the correct beginning and ending dates.
3. Enter the name(s) as shown on your return and your identifying number as listed on the return.
4. Schedule A requires you to provide identifying information about the brownfield site. Enter the date of execution of the Brownfield Cleanup Agreement (BCA) in mmddyyyy format and other details such as site name, municipality, county, and DEC site number.
5. If applicable, enter the date the Certificate of Completion (COC) was transferred. Answer whether the site is located entirely within an environmental zone by marking the corresponding box.
6. In Schedule B, provide the average number of full-time employees at the qualified site on relevant quarterly dates, ensuring that attendance meets the minimum requirement for credit.
7. Completing Schedule C involves calculating eligible taxes and applying the relevant employment number factor based on your average number of employees.
8. In Schedule D, fill in details if you received a share of the remediated brownfield credit from partnerships, S corporations, or trusts, including the name, type, and employer ID number.
9. In Schedule E, detail your share of the credit from various entities. Add the amounts from line 11, 12, and 13 to get the total.
10. For Schedule F, list out beneficial owners and their respective shares of both the remediated credit and any recapture of credit.
11. Use Schedule G to summarize your total credits, drawing amounts from previous schedules as noted.
12. Finally, if applicable, complete Schedule H to summarize recapture credits for various types of entities and individuals.
13. Upon completion, save changes, and choose to download, print, or share the form as necessary.

Complete your NY DTF IT-612 form online today for a smooth filing process.