DTF-620: Application for Certification of a Qualified Emerging Technology Company (2024)
New York · NY DTF · Used for tax years 2024
Form DTF-620 is an application for New York certification as a qualified emerging technology company (QETC). It collects business information and details about sales, emerging technology products or services, expenditures, and research and development activities to determine elig
Who files this form
Form DTF-620 is an application for certification as a qualified emerging technology company (QETC).
To qualify, the company must be located in New York State and have total annual product sales of $10,000,000 or less. It must also qualify under one of these categories:
- Category 1: Primary products or services. The company qualifies through emerging technology products or services that account for more than 50% of its total gross receipts or sales, or through expenditures for developing or creating those products or services that exceed 50% of total expenditures included on its federal return.
- Category 2: Research and development (R&D) activities. The company must have R&D activities in New York State and meet the applicable R&D funds percentage for its certification period. The form refers to instructions for that percentage, but those instructions are not provided here. The form also provides a special rule for companies with R&D funds and zero net sales.
If the company does not qualify under either category, the form says not to file this application.
What you'll need
Have the following information ready to complete the application:
- The beginning and ending dates of the certification period.
- The company's legal name, trade name or DBA if different, New York business address, mailing address if different, and county.
- The business telephone number, date the business began or will begin in New York State, taxpayer identification number, and organization type.
- Total annual product sales.
- For the Category 1 sales test, a description of the emerging technology products or services and gross receipts or sales from those products or services and from all products or services.
- For the Category 1 expenditure test, federal return figures for emerging technology development or creation expenditures and total expenditures.
- For Category 2, R&D funds and net sales amounts.
An authorized person must sign and provide their title and the date.
How to file
Print or type the application. Enter the certification period and complete Part 1, which is required for all applicants. Mark the appropriate boxes in Part 2 and follow the directions to determine eligibility under Category 1 or Category 2.
If the company qualifies, have an authorized person sign the Certification area, enter their title and the date, and mail the application to:
NYS TAX DEPARTMENT
PSSB ACCOUNT UPDATE UNIT
W A HARRIMAN CAMPUS
ALBANY NY 12227-0866
If you are not using U.S. Mail, the form directs you to Publication 55, Designated Private Delivery Services.
Common mistakes
- Continuing after failing the initial eligibility questions. If you answer No to either the New York location question or the $10,000,000-or-less annual product sales question, the form says to stop. The company is not eligible.
- Filing without qualifying under either category. If the company fails Category 1 and answers No to either question 22 or 26 in Category 2, the form says not to file.
- Making a false certification. The signature statement requires the application to be correct and complete to the best of the signer's knowledge and belief. It warns that a willfully false representation is a crime.
Questions people ask
Does exactly 50% meet a Category 1 percentage test?
No. Both Category 1 percentage questions ask whether the percentage is greater than 50%.
What if total gross receipts or sales on line 15 are zero?
Skip to line 18 to complete the Category 1 expenditure test.
What if the company has R&D funds but zero net sales?
Line 24 says that if the company has any amount of R&D funds but zero net sales, it is a QETC. Skip to line 26 and mark Yes. Category 2 also requires R&D activities in New York State.
What does the public disclosure authorization cover?
Line 10 asks you to mark Yes or No to authorize public disclosure that the company is a certified QETC for the certification period, if it qualifies. The disclosure may include the legal name, trade name or DBA, business address, and mailing address shown on lines 1 through 4.