CT-650: Empire State Apprenticeship Tax Credit (2024)
New York · NY DTF · Used for tax years 2024
Form CT-650 is used by corporations to claim the New York Empire State Apprenticeship Tax Credit. It reports certificate information, the credit earned or allocated from partnerships, and, for C corporations, the amount used, refunded, or applied as an overpayment to the next tax
Who files this form
Form CT-650 is for C corporations and New York S corporations claiming the Empire State Apprenticeship Tax Credit. The form covers corporations that earned the credit directly and corporate partners claiming a share of credit received from a partnership.
Attach CT-650 to Form CT-3, CT-3-A, or CT-3-S.
What you'll need
- A copy of the final certificate of tax credit issued by the New York State Department of Labor (NYS DOL). You must attach this to the form.
- Your corporation’s legal name, employer identification number (EIN), and tax period beginning and ending dates.
- If your corporation earned the credit directly, Part A of the final certificate. Use it to complete lines B through H, including the certified business’s name and EIN, certificate number, allocation year, and apprentice and disadvantaged youth counts by mentor status.
- If claiming credit through a partnership, the partnership’s name, EIN, certificate number, and credit amount allocated to you for Schedule B.
- If completing Schedule C, the tax due before credits, tax credits claimed before this credit, and fixed dollar minimum tax.
How to file
Attach Form CT-650 and a copy of the final NYS DOL certificate of tax credit to Form CT-3, CT-3-A, or CT-3-S.
All filers must enter their tax period and answer line A to indicate whether the corporation earned the credit directly rather than received it as a corporate partner.
Complete the applicable parts:
- C corporation that earned the credit: Lines B through H, Schedule A, Schedule B line 3, and Schedule C.
- C corporation claiming as a corporate partner: Schedules B and C.
- New York S corporation that earned the credit: Lines B through H, Schedule A, and Schedule B line 3.
- New York S corporation claiming as a corporate partner: Schedule B.
The supplied form does not give a mailing address or e-file directions.
Common mistakes
- Leaving required entries blank: All filers must complete line A and enter the tax period.
- Omitting the certificate: You must attach a copy of the final certificate issued by NYS DOL.
- Using the wrong source for certificate details: Lines B through H must use information from Part A of the final certificate.
- Completing Schedule C as a New York S corporation: The form specifically says not to complete this schedule.
- Entering a negative credit limitation: On line 8, enter 0 if line 7 is more than line 6.
- Requesting too large a refund: The refund on line 11 is limited to the unused credit on line 10.
Questions people ask
Can a corporate partner claim this credit?
Yes. The form provides Schedule B for credit allocated from partnerships. Enter each partnership’s name, EIN, certificate number, and allocated credit amount.
Does a New York S corporation complete Schedule C?
No. The form explicitly tells New York S corporations not to complete Schedule C.
How much credit can be used for this tax year?
For filers completing Schedule C, line 9 is the smaller of the total credit on line 3 or the credit limitation on line 8. Enter that amount on the franchise tax return as well.
What happens to unused credit?
Schedule C allows unused credit to be refunded or applied as an overpayment to the next year’s tax. Line 10 calculates the unused amount, line 11 records the refund, and line 12 records the remainder applied to next year.