IT-611.1: Claim for Brownfield Redevelopment Tax Credit - For Qualified Sites Accepted into the Brownfield Cleanup Program on or After June 23, 2008, and Prior to July 1, 2015 (2024)
New York · NY DTF · Used for tax years 2024
Form IT-611.1 is used to claim New York’s brownfield redevelopment tax credit for certain qualified sites accepted into the Brownfield Cleanup Program on or after June 23, 2008, and before July 1, 2015. It reports site information and credit components for site preparation, on-si
Who files this form
Use the 2024 Form IT-611.1 to claim the brownfield redevelopment tax credit for a qualified site that:
- Was accepted by the Department of Environmental Conservation (DEC) into the Brownfield Cleanup Program on or after June 23, 2008, and before July 1, 2015.
- Received a Certificate of Completion (COC) by December 31, 2019.
The form directs sites receiving a COC after December 31, 2019, to use Form IT-611.2, but also refers to an exception in the instructions. Those instructions are not included in the supplied text.
File a separate Form IT-611.1 for each COC. Submit it with Form IT-201, IT-203, IT-204, or IT-205.
What you'll need
- Certificate of Completion: Submit a copy of the COC issued by DEC. Use it to enter the site name, location, municipality, county, DEC region, Division of Environmental Remediation site number, and COC issue date.
- Brownfield Cleanup Agreement: Have the agreement’s execution date available.
- Sale or transfer documentation: If the COC was transferred with the sale or transfer of the qualified site, enter the transfer date and submit a copy of the documentation.
- Brownfield Opportunity Area documentation: If you received Department of State notification that the site is in a Brownfield Opportunity Area, mark box G and submit supporting documentation.
- Cost and property information: Have descriptions, payment or incurred dates, and amounts for site preparation and groundwater remediation costs. For qualified tangible property, have each item’s description, principal use, placed-in-service date, life in years, and cost or other basis.
- Information about credit shares: If you received a share of the credit from a partnership, New York S corporation, estate, or trust, have the entity’s name, type, employer identification number, and your credit component amounts.
How to file
Submit Form IT-611.1 with Form IT-201, IT-203, IT-204, or IT-205. File a separate Form IT-611.1 for each COC and attach a copy of that COC.
Complete Schedule A with the site information and Schedule B with the credit components. If you received a credit share from a partnership, New York S corporation, estate, or trust, complete Schedule C for each entity. Fiduciaries must complete Schedule D.
The supplied form does not state a mailing address or provide e-filing directions.
Common mistakes
- Using the wrong form for the site’s acceptance date: The form directs sites accepted before June 23, 2008, to Form IT-611, and sites accepted on or after July 1, 2015, to Form IT-611.2.
- Overlooking the COC issue date: For sites accepted during the IT-611.1 eligibility period, the form directs those receiving a COC after December 31, 2019, to Form IT-611.2. It also flags an exception in the instructions, which are not supplied here.
- Combining multiple COCs on one form: A separate Form IT-611.1 is required for each COC.
- Leaving out required attachments: Submit the COC copy, applicable sale or transfer documentation, and supporting documentation for a Brownfield Opportunity Area claim.
- Submitting the credit form by itself: The form says to submit it with Form IT-201, IT-203, IT-204, or IT-205.
Questions people ask
What credit components does this form cover?
Schedule B covers site preparation, on-site groundwater remediation, and tangible property credit components. Line 25 adds the three components together.
Can I report a credit share received from another entity?
Yes. The form has lines for credit shares from partnerships, S corporations, estates, and trusts. Schedule C asks for each entity’s name, type, and employer identification number. Its type codes are P for partnership, S for S corporation, and ET for estate or trust.
What if part of the site is in an environmental zone?
Answer the environmental zone question in Schedule A. If the answer is Yes, enter the portion of the qualified site within the zone as a decimal rounded to four places.
Does this form include repayment of previously allowed credits?
Yes. Schedule F addresses recapture for tangible property that ceases to be in qualified use and for a revoked COC. Schedule G summarizes the recapture amounts.