DTF-622: Claim for QETC Capital Tax Credit (2025)
New York · NY DTF · Used for tax years 2025
Form DTF-622 is used to claim New York’s qualified emerging technology company (QETC) capital tax credit. It calculates the credit for qualified investments to be held four or nine years, applies credit limitations, and reports credit recapture, amounts used, and carryforward.
Who files this form
Use Form DTF-622 to claim the qualified emerging technology company (QETC) capital tax credit.
The form includes calculations for qualified investments to be held at least four years or at least nine years. It also includes line A for partners, shareholders of New York S corporations, and beneficiaries of estates or trusts to enter their share of the credit.
The supplied form does not explain the full eligibility requirements.
What you'll need
Have the information requested by the form available:
- Your name as shown on your tax return, taxpayer identification number, and tax period beginning and ending dates.
- For each qualified investment: the certified QETC’s name, EIN, investment date, and investment amount.
- If claiming a share through a partnership, New York S corporation, estate, or trust: the business name, taxpayer identification number, and your share of the credit.
- Tax amounts and other credits used on your return.
- QETC capital tax credits previously allowed and any previous recapture.
- Last year’s Form DTF-622, line 30, if you have an unused credit to carry forward.
- If reporting recapture: the tax year and amount of the credit originally allowed, and the applicable recapture percentage.
How to file
File Form DTF-622 with Form CT-3, CT-3-A, CT-3-S, IT-201, IT-203, IT-204, or IT-205, as applicable.
All filers must enter their tax period’s beginning and ending dates. If you are claiming the credit as a corporate partner, mark an X in the box on line B.
The supplied text does not provide a mailing address or e-file directions.
Questions people ask
What credit percentages does the form use?
Schedule A uses 10% for qualified investments to be held four years and 20% for qualified investments to be held nine years. Schedule B applies credit limitations.
Where do I enter a credit passed through to me?
Partners, shareholders of New York S corporations, and beneficiaries of estates or trusts enter their share of the QETC capital tax credit on line A.
Where do I enter an unused credit from last year?
Enter the unused credit from last year’s Form DTF-622, line 30, on this year’s line 24. Line 30 calculates the credit available for carryforward.
Where is recapture reported?
Schedule C calculates recapture separately for investments to be held four years and nine years. Line 22 totals those amounts, and line 26 reports total recapture in Schedule D. The form directs S corporations, partnerships, and estates and trusts to see the instructions, which were not supplied.