IT-646: Employee Training Incentive Program Tax Credit (2024)
New York · NY DTF · Used for tax years 2024
Form IT-646 calculates the New York Employee Training Incentive Program tax credit. It reports credit for a business certified by Empire State Development (ESD), shares of credit received from an entity, and allocations between beneficiaries and fiduciaries.
Who files this form
Form IT-646 is used to claim the Employee Training Incentive Program (E-TIP) tax credit. The form provides sections for:
- Individuals, including sole proprietors, partnerships, and estates or trusts.
- Partners, New York S corporation shareholders, and estate or trust beneficiaries who received a share of the credit from an entity.
Submit Form IT-646 with Form IT-201, IT-203, IT-204, or IT-205. You must also submit a copy of the certificate of tax credit issued by Empire State Development (ESD).
What you'll need
Have the following documents and information available:
- A copy of the certificate of tax credit issued by ESD, which must be submitted with the form.
- Your name and identifying number as shown on your return.
- The ESD-certified business’s name and employer identification number (EIN).
- The E-TIP project number from the certificate, the certificate number, and the number of employees and interns included in the claim.
- If you received a share of credit from an entity: its name, type, EIN, and your share of the credit.
- For beneficiary allocations: each beneficiary’s name as shown on Form IT-205, Schedule C, identifying number, and share of the credit.
How to file
Submit Form IT-646 with Form IT-201, IT-203, IT-204, or IT-205, along with a copy of the ESD certificate of tax credit.
The supplied form does not provide a mailing address or e-filing directions.
Common mistakes
- Do not leave out the required copy of the ESD certificate of tax credit.
- If you received credit from more than one entity, complete Schedule B information for each entity.
- Include amounts from additional Forms IT-646 in the Schedule B and Schedule C totals, where applicable.
- Follow the routing directions for your filer type: individuals and partnerships enter line 1 on line 8; fiduciaries include lines 1 and 3 on line 4. Other filers carry line 3 to line 9.
Questions people ask
How do I show my tax period?
Calendar-year filers mark an X in the calendar-year box. All other filers enter the beginning and ending dates of their tax period in mmddyyyy format.
Which entity codes do I use in Schedule B?
Use P for a partnership, S for an S corporation, or ET for an estate or trust.
How does a fiduciary calculate its share of the credit?
Add lines 1 and 3 on line 4. Total the credit allocated to beneficiaries on line 6. Subtract line 6 from line 4 to calculate the fiduciary’s share on line 7, then enter that amount on line 10.
How is the total credit calculated on this form?
Schedule D, line 11, adds the amounts on lines 8, 9, and 10.