Get Form It-612 Claim For Remediated Brownfield Credit For Real Property Taxes Tax Year 2024

Filling out the Form IT-612 Claim For Remediated Brownfield Credit For Real Property Taxes for the tax year 2024 can be straightforward when guided step-by-step. This guide provides clear instructions for each section of the form to ensure users can accurately complete their claims with confidence.

Follow the steps to successfully complete your form online.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred editing platform.
2. Indicate your filing status by marking the box if you are a calendar-year filer. Other filers should enter the relevant tax period by providing the starting and ending dates.
3. Enter your name(s) as shown on your tax return and include your identifying number as listed in the return.
4. Proceed to Schedule A and provide information about the brownfield site, including the date of the Brownfield Cleanup Agreement and details as per the Certificate of Completion issued by the Department of Environmental Conservation.
5. Mark the box in Schedule A if the qualified site is located entirely within an environmental zone.
6. Complete Schedule B by entering the number of full-time employees employed at the qualified site throughout the year. Calculate the average number of full-time employees to determine your eligibility for credits.
7. For Schedule C, provide details regarding your partnership or fiduciary status, enter the eligible real property taxes, and calculate the remediated brownfield credit based on specified instructions.
8. If applicable, fill out Schedule D to detail information regarding partnerships, S corporations, or trusts related to the credit.
9. Continue with Schedule E to specify your share of the remediated brownfield credit from the entities listed.
10. Complete the required computations in Schedule G, summarizing all relevant credit amounts and ensuring to capture any recapture of credits in Schedule H.
11. Once all sections are completed, review your entries for accuracy before saving or printing the document for submission.

Complete your Form IT-612 online today to ensure you maximize your credits for the tax year 2024.