CT-612: Claim for Remediated Brownfield Credit For Real Property Taxes For Qualified Sites Accepted into the Brownfield Cleanup Program Prior to July 1, 2015 (2025)
New York · NY DTF · Used for tax years 2025
Form CT-612 is used by corporations to claim New York's remediated brownfield credit for real property taxes for qualified sites accepted into the Brownfield Cleanup Program before July 1, 2015. It reports site information, employment figures, eligible real property taxes, and th
Who files this form
Form CT-612 is for corporations claiming the remediated brownfield credit for real property taxes for qualified sites accepted into the Brownfield Cleanup Program before July 1, 2015.
File a separate Form CT-612 for each Certificate of Completion (COC). Corporate partners claiming the credit must mark box A.
No credit is allowed if the average number of full-time employees on line 1 is less than 25.
What you'll need
The form requires these attachments:
- A copy of the Certificate of Completion (COC) issued by the Department of Environmental Conservation (DEC).
- If applicable, a copy of the sale or transfer documentation when the COC was transferred with the qualified site.
You will also need information to complete the form, including:
- The corporation’s legal name, EIN, and tax period.
- The site’s address, name, municipality, county, DEC region, DER site number, and COC issue date.
- The date the Brownfield Cleanup Agreement was executed.
- Full-time employee counts and eligible real property taxes.
- For partnership credits, each partnership’s name, EIN, and credit amount.
How to file
File Form CT-612 with Form CT-3, CT-3-A, CT-3-S, CT-33, CT-33-A, CT-33-NL, CT-183, or CT-184. Use a separate CT-612 for each COC and attach a copy of that COC.
Enter the beginning and ending dates of your tax period. Complete the site information in Schedule A, employee calculation in Schedule B, and credit calculation in Schedule C. Schedule E reports partnership credit information.
Schedule D covers how the credit is applied. New York S corporations must not complete Schedule D.
The supplied form does not give a mailing address or e-file directions.
Common mistakes
- Leaving the tax period blank. All filers must enter beginning and ending dates.
- Combining multiple COCs on one form. A separate CT-612 is required for each COC.
- Forgetting to attach the COC or, when applicable, sale or transfer documentation.
- Claiming a credit when the average number of full-time employees on line 1 is less than 25. The form states that no credit is allowed.
- Completing Schedule D as a New York S corporation. The form says not to complete that section.
Questions people ask
What do I enter on line 4 if the site is entirely within an environmental zone?
Enter 1.0 if the qualified site is located entirely within an environmental zone (EN-Zone). Otherwise, enter 0.25.
How is the credit limitation in Schedule C calculated?
On line 8, multiply 10,000 by the average number of full-time employees on line 1. On line 9, enter the smaller of line 7 or line 8.
Where do I report credit allocated from partnerships?
List partnership information in Schedule E. Enter the total allocated credit on line 21 and on line 10.
Can unused credit be refunded or applied to the next tax year?
Schedule D includes lines for both options. Line 19 reports the amount of unused credit to be refunded. Line 20 reports the unused, nonrefunded amount to be credited as an overpayment in the next tax year. Both lines refer filers to the instructions, which were not supplied.