CT-604-CP: Claim for QEZE Credit for Real Property Taxes and QEZE Tax Reduction Credit for Corporate Partners (2025)
New York · NY DTF · Used for tax years 2025
Form CT-604-CP is used by corporate partners to claim the qualified empire zone enterprise (QEZE) credit for real property taxes and the QEZE tax reduction credit. It reports the partner’s share of the real property tax credit, computes the tax reduction credit, and determines ho
Who files this form
Form CT-604-CP is for corporate partners claiming the qualified empire zone enterprise (QEZE) credit for real property taxes, the QEZE tax reduction credit, or both.
File this form with Form CT-3 or CT-3-A.
What you'll need
Have these documents and details ready:
- Your corporation’s legal name and employer identification number (EIN).
- The QEZE partnership’s name and EIN.
- A copy of the retention certificate received from the partnership, which you must attach.
- Your Form CT-3 or CT-3-A and the franchise tax and prior credit amounts requested on this form.
- For the real property tax credit, your share of the credit obtained from the partnership.
- For the tax reduction credit, the benefit period, employment increase, and zone allocation factors obtained from the partnership, plus your share of partnership income allocated to New York State and your business income or other tax base.
How to file
File Form CT-604-CP with Form CT-3 or CT-3-A. Attach a copy of the retention certificate received from the partnership.
Enter your tax period’s beginning and ending dates. The supplied form text does not provide a mailing address or e-file directions.
Common mistakes
Follow these reminders printed on the form:
- Do not leave the tax period blank. All filers must enter beginning and ending dates.
- Do not omit the copy of the retention certificate received from the partnership.
- File this form with Form CT-3 or CT-3-A.
- Use zero on line 6 if line 4 minus line 5 is zero or less. Use zero on line 20 if line 18 minus line 19 is less than zero.
Questions people ask
Which credits does this form cover?
It covers the QEZE credit for real property taxes and the QEZE tax reduction credit for corporate partners.
Where do I get my share of the real property tax credit?
Line 1 asks for your share of the QEZE credit for real property taxes obtained from your partnership.
How is the QEZE tax reduction credit calculated?
Line 15 multiplies the benefit period factor on line 11, the employment increase factor on line 12, the zone allocation factor on line 13, and the tax factor on line 14. The first three factors come from your partnership.
Does the form include a place to request a refund of unused real property tax credit?
Yes. Line 9 asks for the amount of unused credit on line 8 to be refunded. Line 10 asks for the unused, nonrefunded amount to be applied as an overpayment. Both lines refer to instructions, which were not supplied, so the available text does not explain the conditions for those options.