CT-613: Claim for Environmental Remediation Insurance Credit For Qualified Sites Accepted into the Brownfield Cleanup Program Prior to July 1, 2015 (2024)
New York · NY DTF · Used for tax years 2024
Form CT-613 is used by corporations to claim New York’s environmental remediation insurance credit for qualified sites accepted into the Brownfield Cleanup Program prior to July 1, 2015. It calculates the available credit, applicable limitation, and amounts used, refunded, or cre
Who files this form
Form CT-613 is for corporations claiming the environmental remediation insurance credit for qualified sites accepted into the Brownfield Cleanup Program before July 1, 2015.
The form is filed with Form CT-3, CT-3-A, CT-3-S, CT-33, CT-33-A, CT-33-NL, CT-183, or CT-184. It also includes a checkbox for corporations claiming the credit as corporate partners.
What you'll need
Submit both of these with the form:
- A copy of the Certificate of Completion (COC) issued by the Department of Environmental Conservation (DEC) for the qualified site.
- A copy of the environmental remediation insurance tax credit certification form completed by the insurer.
You will also need the following information to complete the form:
- Corporation’s legal name, EIN, and tax period beginning and ending dates.
- Date the Brownfield Cleanup Agreement (BCA) was executed.
- Qualified environmental remediation insurance premiums paid.
- Site name, municipality, county, DEC region, Division of Environmental Remediation site number, and COC issue date, as listed on the COC.
- For partnership credits, each partnership’s name, EIN, and allocated credit amount.
How to file
File CT-613 with Form CT-3, CT-3-A, CT-3-S, CT-33, CT-33-A, CT-33-NL, CT-183, or CT-184. The supplied form does not give a mailing address or e-filing directions.
Enter the corporation and tax period information, the BCA execution date, and the site details. Complete the credit calculation and submit copies of the COC and the insurer-completed certification form.
If claiming the credit as a corporate partner, mark box A. Enter partnership information on page 2 and carry the total from line 17 to line 4.
Common mistakes
- Do not leave the tax period blank. All filers must enter beginning and ending dates.
- Do not omit the required copies of the COC and insurer-completed certification form.
- Use the site information as listed on the COC.
- On line 3, enter the smaller of line 2 or $30,000.
- On line 12, enter 0 if line 11 is greater than line 10.
- Do not enter a refund on line 15 that exceeds line 14.
Questions people ask
How does the form calculate the credit from insurance premiums?
Enter qualified environmental remediation insurance premiums paid on line 1. Multiply that amount by 50% on line 2, then enter the smaller of line 2 or $30,000 on line 3. Later lines account for flow-through credits, recapture, and the credit limitation.
Where do I report credits allocated by partnerships?
List the partnership names, EINs, and credit amounts on page 2. Enter the total on line 17 and on line 4. Mark box A if claiming the credit as a corporate partner.
Can an available credit be refunded or applied to the next tax year?
The form provides for both. Line 14 calculates the amount available for refund or as an overpayment. Line 15 shows the refund requested, limited to line 14. Line 16 shows the remaining amount to be credited as an overpayment in the next tax year.
When should I mark the Brownfield Opportunity Area box?
Mark it if you received notification from the Department of State that the qualified site is located in a Brownfield Opportunity Area.