CT-611.1: Claim for Brownfield Redevelopment Tax Credit - For Qualified Sites Accepted into the Brownfield Cleanup Program on or after June 23, 2008 and Prior to July 1, 2015 (2024)
New York · NY DTF · Used for tax years 2024
Form CT-611.1 is used by corporations to claim New York's brownfield redevelopment tax credit for qualified sites accepted into the Brownfield Cleanup Program on or after June 23, 2008, and before July 1, 2015. It reports site preparation costs, on-site groundwater remediation co
Who files this form
For tax year 2024, Form CT-611.1 is used to claim the brownfield redevelopment tax credit for a qualified site that:
- Was accepted by the Department of Environmental Conservation (DEC) into the Brownfield Cleanup Program on or after June 23, 2008, and before July 1, 2015.
- Received a Certificate of Completion (COC) by December 31, 2019.
The form directs sites accepted during that period that receive a COC after December 31, 2019, to use Form CT-611.2 instead. It also refers to an exception in the instructions, which were not provided here.
For sites accepted before June 23, 2008, the form directs filers to Form CT-611. For sites accepted on or after July 1, 2015, it directs filers to Form CT-611.2.
File a separate Form CT-611.1 for each COC.
What you'll need
Gather the following documents and information:
- A copy of the DEC-issued COC, which must be submitted with the form.
- The corporation’s legal name, employer identification number (EIN), and tax period beginning and ending dates.
- The Brownfield Cleanup Agreement execution date and the site information listed on the COC.
- Descriptions, dates paid or incurred, and amounts for site preparation and on-site groundwater remediation costs.
- For qualified tangible property, its description, principal use, date placed in service, life, and cost or other basis.
If applicable, also gather:
- The COC transfer date and a copy of the sale or transfer documentation to submit.
- Supporting documentation for Department of State notification that the site is in a Brownfield Opportunity Area.
- The percentage of the site within an environmental zone (EN-Zone).
- Partnership names, EINs, and costs allocated to you.
- Property details and previously allowed credit amounts needed to report recapture.
How to file
File Form CT-611.1 with Form CT-3, CT-3-A, CT-3-S, CT-33, CT-33-A, CT-33-NL, CT-183, or CT-184. Submit a separate Form CT-611.1 for each COC.
Enter the tax period and corporation information, answer the site questions, and complete Schedule A using the information on the COC. Submit a copy of the COC and any required supporting documents.
Use Schedules B, C, and D for the site preparation, groundwater remediation, and tangible property credit components. Schedule E reports recapture of credits taken in previous tax years.
New York S corporations must not complete the credit summary or the section calculating the credit used, refunded, or credited as an overpayment in the next year.
The supplied form does not give a mailing address or e-filing instructions.
Common mistakes
- Leaving the tax period blank. All filers must enter beginning and ending dates.
- Combining multiple COCs on one form. A separate Form CT-611.1 is required for each COC.
- Omitting required attachments. Submit the COC, sale or transfer documentation if applicable, and supporting documentation for a Brownfield Opportunity Area notification if applicable.
- Entering the EN-Zone percentage in the wrong format. Enter it as a decimal rounded to four places.
- Completing sections excluded for New York S corporations. These corporations do not complete the credit summary or the section calculating the credit used, refunded, or credited as an overpayment in the next year.
Questions people ask
What costs does the form cover?
The form has separate credit components for site preparation, on-site groundwater remediation, and tangible property.
Can unused credit be refunded?
The form provides lines for unused credit available for a refund or as an overpayment. The refund on line 26 is limited to the unused credit on line 25. Line 27 shows the amount to be credited as an overpayment in the next tax year. The form refers filers to the instructions for further details.
What if I am claiming the credit as a corporate partner?
Mark box A. The partnership information section asks for each partnership’s name, EIN, and costs allocated to you. Total allocated costs on line 28 are included on lines 1, 4, and 7, as applicable.
When does the form address recapture of earlier credits?
Schedule E addresses recapture when tangible property ceases to be in qualified use or when a COC is revoked. The form refers filers to the instructions for details.