CT-44: Claim for Investment Tax Credit for the Financial Services Industry (2025)
New York · NY DTF · Used for tax years 2025
New York Form CT-44 is used to claim the investment tax credit for the financial services industry. It reports unused credits from the preceding period, credit recapture, and credits used or carried forward.
Who files this form
Form CT-44 is for corporations claiming the investment tax credit for the financial services industry. It includes sections for unused ITC or EIC from the preceding period and recapture of credits.
If you are claiming the credit as a corporate partner, mark an X in box A.
What you'll need
Have the information requested on the form ready:
- Your corporation’s legal name, employer identification number, and tax period beginning and ending dates.
- Unused ITC or EIC from the preceding period.
- For recapture: the property description, acquisition date, date the property ceased to qualify, life and unused life in months, and total original ITC allowed.
- For Schedule C: tax before credits, credits claimed before this credit, minimum tax, and unused expired tax credits. New York S corporations do not complete Schedule C.
How to file
File Form CT-44 with Form CT-3, CT-3-A, CT-3-S, CT-33, CT-33-NL, or CT-33-A.
The supplied form does not provide a mailing address or e-filing directions.
Common mistakes
- Do not leave the tax period blank. All filers must enter beginning and ending dates.
- If claiming the credit as a corporate partner, mark an X in box A.
- New York S corporations must enter 0 on line 1 and must not complete Schedule C.
- Enter the recapture total from line 6 on line 2 as well.
- If line 9 minus line 10 is zero or less, enter 0 on line 11.
Questions people ask
Do New York S corporations complete Schedule C?
No. The form says New York S corporations do not complete Schedule C. They also enter 0 on line 1.
How is the recapture total calculated?
Add the column H amounts for line 4. Add line 4 and any additional recapture on line 5 to get line 6, then enter that total on line 2 as well.
Where does the form calculate unused credits available to carry forward?
Schedule C, line 15. Subtract unused expired tax credits on line 14 from unused credit on line 13.
What should a corporate partner mark?
If you are claiming this credit as a corporate partner, mark an X in box A.