CT-611.2: Claim for Brownfield Redevelopment Tax Credit For Qualified Sites Accepted into the Brownfield Cleanup Program on or After July 1, 2015 (2025)

Who files this form

Corporations claiming the brownfield redevelopment tax credit use Form CT-611.2 if they answer Yes to at least one of these questions about the site:

• 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 instructions. The supplied text does not explain that exception.

If all three answers are No, do not complete CT-611.2. The form directs filers to CT-611 for sites accepted before June 23, 2008, or CT-611.1 for sites accepted on or after June 23, 2008, but before July 1, 2015.

The form also includes a section for corporate partners receiving a share of the credit from a partnership.

What you'll need

Have the following information and documents ready:

• Your corporation’s legal name, EIN, and tax period beginning and ending dates.
• A copy of the COC to submit, including the certificate holders’ names, addresses, and EINs or SSNs.
• The Brownfield Cleanup Agreement execution date and site details, including the site owner, location, DEC region, DER site number, and COC issue date.
• If the COC was transferred through a sale or transfer of the site, the transfer date and a copy of the sale or transfer documentation to submit.
• If you received Department of State notification that the site is in a Brownfield Opportunity Area, the BOA name, project identification number, and supporting documentation to submit.

For the applicable credit calculations, gather cost descriptions, amounts, dates paid or incurred, and percentage rates from the COC. For tangible property, you also need its principal use, placed-in-service date, life, and cost or other basis.

Corporate partners need each partnership’s name, EIN, and allocated credit and recapture amounts. If recapture applies, the form asks for information about previously allowed credits and property that ceased to qualify.

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 COC.

All filers must enter their tax period and complete Part 1. Submit a copy of the COC and any applicable transfer or BOA supporting documentation.

• C corporations: Complete Parts 3 and 5 if the corporation earned the credit. Complete Part 4 as well if receiving partnership credit. If claiming only partnership credit, skip Part 3 and complete Parts 4 and 5.
• New York S corporations: Complete Part 3 if the corporation earned the credit and Part 4 if receiving partnership credit. If claiming only partnership credit, skip Part 3. Do not complete Part 5.

The supplied text does not provide a mailing address or e-filing directions.

Common mistakes

• Do not use this form if you answered No to questions A, A1, and A2.
• Do not combine multiple COCs on one form. File a separate form for each COC.
• Do not leave the tax period or Part 1 incomplete. Both are required for all filers.
• Do not forget to submit the COC copy and any required transfer or BOA documentation.
• Do not complete Part 3 if you only received a share of the credit from a partnership.
• New York S corporations must not complete Part 5.
• Enter percentage rates as directed. 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 COC.

What credit components does the form calculate?

The form calculates site preparation, on-site groundwater remediation, and tangible property credit components.

Can unused credit be refunded?

Part 5 includes calculations for unused credit available for a 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 earlier credits?

Yes. Schedule D calculates recapture for tangible property that ceases to be in qualified use and for a revoked COC.

Official sources

• https://www.tax.ny.gov/pdf/current_forms/ct/ct611_2.pdf