CT-611.2: Claim for Brownfield Redevelopment Tax Credit For Qualified Sites Accepted into the Brownfield Cleanup Program on or After July 1, 2015 (2024)
New York · NY DTF · Used for tax years 2024
Form CT-611.2 is used by corporations to claim New York’s brownfield redevelopment tax credit. It reports qualified site information and calculates credit components for site preparation, on-site groundwater remediation, and tangible property.
Who files this form
Use Form CT-611.2 to claim the brownfield redevelopment tax credit if you answer Yes to any of these questions on the form:
- A: DEC accepted the site into the Brownfield Cleanup Program on or after July 1, 2015.
- A1: DEC accepted the site before June 23, 2008, and the site received a Certificate of Completion (COC) after December 31, 2017.
- A2: DEC accepted the site on or after June 23, 2008, but before July 1, 2015; the site received a COC after December 31, 2019; and the site does not meet the exception referenced in the form. The supplied text does not explain that exception.
If you answer No to all three questions, do not complete CT-611.2. The form directs sites accepted before June 23, 2008, to Form CT-611, and sites accepted on or after June 23, 2008, but before July 1, 2015, to Form CT-611.1.
The form includes filing directions for C corporations, New York S corporations, and corporate partners receiving a share of the credit from a partnership.
What you'll need
Gather the following documents and information:
- Certificate of Completion: Submit a copy. Enter the certificate holders' names, addresses, and EINs or Social Security numbers as listed on the COC.
- Sale or transfer documentation, if applicable: Submit a copy and enter the date the COC was transferred.
- Brownfield Opportunity Area documentation, if applicable: If the Department of State notified you that the site is in a BOA, submit supporting documentation and enter the BOA name and project identification number.
- Corporation and site details: Tax period, legal name, EIN, Brownfield Cleanup Agreement execution date, site name and owner, municipality, county, DEC region, DER site number, and COC issue date.
- Credit calculation information: Descriptions, dates, and amounts for site preparation and groundwater remediation costs; qualified property details; and applicable percentage rates from the COC.
- Partnership information, if applicable: Each partnership's name, EIN, and your share of its credit components and recapture.
If reporting recapture, you will also need the property and previously allowed credit information requested in Schedule D.
How to file
File CT-611.2 with Form CT-3, CT-3-A, CT-3-S, CT-33, CT-33-A, CT-33-NL, CT-183, or CT-184. File a separate CT-611.2 for each Certificate of Completion.
All filers must enter their tax period and complete Part 1.
- C corporations: Complete Parts 3 and 5 if you earned the credit directly. Also complete Part 4 if you received credit from a partnership. If you only received a partnership share, skip Part 3 and complete Parts 4 and 5.
- New York S corporations: Complete Part 3 if you earned the credit directly, and Part 4 if you received a partnership share. If you only received a partnership share, skip Part 3. Do not complete Part 5.
The supplied form does not provide a mailing address or e-file directions.
Common mistakes
- Using the wrong credit form: Do not complete CT-611.2 if you answered No to A, A1, and A2.
- Combining multiple certificates on one form: A separate CT-611.2 is required for each COC.
- Leaving out required information or attachments: All filers must enter the tax period, complete Part 1, and submit a copy of the COC. Submit sale or transfer documentation and BOA supporting documentation when applicable.
- Completing the wrong parts: Partnership-only claimants must skip Part 3. New York S corporations must not complete Part 5.
- Ignoring percentage-entry directions: Where directed, enter percentages as decimals rounded to four places. The total applicable percentage rate on line 8 may not exceed .2400.
Questions people ask
Do I need a separate form for each Certificate of Completion?
Yes. File a separate CT-611.2 for each COC and submit a copy of the certificate.
What credit components does this form cover?
The form calculates site preparation, on-site groundwater remediation, and tangible property credit components.
Can a corporate partner report a share of the credit?
Yes. Part 4 is for corporate partners receiving a share of the credit from a partnership. Enter each partnership's name, EIN, credit components, and any recapture.
Can unused credit be refunded or applied to the next tax year?
Part 5 includes lines for unused credit available for refund or as an overpayment in the next tax year. The refund amount is limited to the amount on line 31. New York S corporations do not complete Part 5.
Does the form address repayment of previously claimed credit?
Yes. Schedule D covers recapture when tangible property ceases to be in qualified use and when a COC is revoked.