CT-611: Claim for Brownfield Redevelopment Tax Credit - For Qualified Sites Accepted into the Brownfield Cleanup Program Prior to June 23, 2008 (2024)

Who files this form

Use Form CT-611 to claim the brownfield redevelopment tax credit for a qualified site if both conditions apply:

• The Department of Environmental Conservation (DEC) accepted the site into the Brownfield Cleanup Program before June 23, 2008.
• The site received a Certificate of Completion (COC) by December 31, 2017.

File a separate Form CT-611 for each COC. The form includes a checkbox for corporations claiming the credit as corporate partners.

If the site was accepted before June 23, 2008, but received its COC after December 31, 2017, use Form CT-611.2 instead. For sites accepted on or after June 23, 2008, and before July 1, 2015, use Form CT-611.1. For sites accepted on or after July 1, 2015, use Form CT-611.2.

What you'll need

The form requires these attachments:

• A copy of the DEC-issued Certificate of Completion (COC).
• A copy of the sale or transfer documentation if the COC was transferred with the sale or transfer of the qualified site.

Have the following information available to complete the applicable sections:

• Corporation's legal name, EIN, and tax period beginning and ending dates.
• Brownfield Cleanup Agreement execution date and the site information listed on the COC.
• Environmental zone (EN-Zone) status and, if applicable, the portion of the site within an EN-Zone.
• Descriptions, dates, and amounts for site preparation and groundwater remediation costs.
• Qualified property's description, principal use, date placed in service, life, and cost or other basis.
• Previously allowed credit amounts and property details if reporting recapture.
• Partnership names, EINs, and allocated costs if claiming costs through partnerships.

How to file

File Form CT-611 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 for each COC and attach a copy of that COC. If applicable, enter the COC transfer date and attach the sale or transfer documentation.

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

Common mistakes

• Using the wrong credit form. Check the site's program acceptance date and COC date before completing CT-611. The form directs some sites to CT-611.1 or CT-611.2 instead.
• Leaving out the tax period. All filers must enter beginning and ending dates.
• Combining multiple COCs on one form. A separate CT-611 is required for each COC.
• Omitting required attachments. Submit the COC and, when applicable, sale or transfer documentation.
• Completing sections excluded for New York S corporations. New York S corporations must not complete the credit summary or the calculation of credit used, refunded, or credited as an overpayment.
• Reporting the EN-Zone portion in the wrong format. Enter it as a decimal rounded to four places.

Questions people ask

What credit components does CT-611 cover?

The form has separate schedules for site preparation, tangible property, and on-site groundwater remediation credit components.

Can unused credit be refunded?

The form provides lines for unused credit available for a refund or an overpayment. The refund amount is limited to line 25. Line 27 shows the amount to be credited as an overpayment in the next tax year.

Where do corporate partners report partnership costs?

Use the partnership information section to list partnership names, EINs, and allocated costs. Enter total allocated costs on line 28 and include them on lines 1, 4, and 7, as applicable. Mark the corporate partner checkbox on the first page.

Does the form address repayment of earlier credits?

Yes. Schedule E covers recapture of the tangible property credit component when property ceases to be in qualified use, and recapture if the COC is revoked.

Official sources

• https://www.tax.ny.gov/pdf/2024/corp/ct611_2024.pdf