CT-663: Commercial Security Credit (2024)
New York · NY DTF · Used for tax years 2024
Form CT-663 is used by corporations to claim New York’s Commercial Security Credit. It reports credit amounts from certificates or partnerships, any credit recapture, and the total available credit. For corporations other than New York S corporations, it also calculates the credi
Who files this form
Use Form CT-663 to claim the commercial security credit as a corporation that earned the credit or as a corporate partner that received a share of the credit from a partnership.
All filers must complete line A to show whether they earned the credit directly or received it as a corporate partner.
What you'll need
Have these documents and details ready:
- Your certificate from the Division of Criminal Justice Services (DCJS). You must submit a copy with your return.
- The certified entity’s name, EIN, allocation year, certificate number, and credit amount.
- Your corporation’s legal name, EIN, and tax period beginning and ending dates.
- If you received a partnership share of the credit, the amount of that share. If the partnership is not the entity listed on the certificate, provide the partnership’s name and EIN.
- For Schedule B, your tax due before credits, credits claimed before this credit, and minimum tax. New York S corporations do not complete Schedule B.
How to file
File Form CT-663 with Form CT-3, CT-3-A, CT-3-S, CT-183, CT-184, CT-186, CT-186-E, or CT-186-P.
- Enter your tax period, corporation name, and EIN, and answer line A.
- Complete the certificate information section. File a separate Form CT-663 for each DCJS certificate and submit a copy of the certificate with your return.
- Complete Schedule A for the credit calculation. Lines 2 and 4 collect the applicable totals from additional Forms CT-663.
- Unless you are a New York S corporation, complete Schedule B to calculate the credit used, refunded, or applied as an overpayment to the next tax year. Enter the amounts from lines 12, 14, and 15 on your franchise tax return as directed.
The form does not provide a mailing address or e-filing directions.
Common mistakes
- Leaving the tax period or line A blank. Both are required for all filers.
- Omitting the certificate information section or the certificate copy required with your return.
- Failing to file a separate Form CT-663 for each DCJS certificate.
- Omitting the partnership’s name and EIN when you marked No on line A and received the credit from a partnership other than the entity listed on the certificate.
- Completing Schedule B as a New York S corporation. The form says not to complete that schedule.
Questions people ask
What if I have more than one DCJS certificate?
File a separate Form CT-663 for each certificate. Submit a copy of each certificate with your return.
How much credit can I use for this tax year?
For filers completing Schedule B, line 12 is the lesser of your total available credit on line 6 or your credit limitation on line 11. Enter that amount on your franchise tax return too.
Can unused credit be refunded or applied to next year’s tax?
Schedule B provides for both options. Line 13 calculates unused credit. Enter the refund amount on line 14, limited to line 13. Line 15 is the remaining amount to apply as an overpayment to the next year’s tax.
Do New York S corporations complete Schedule B?
No. The form specifically tells New York S corporations not to complete Schedule B.