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Page 2 of 4 CT-600-

(2004)

Line 16 – Long-term care insurance credit — Enter the amount

Section III — Carryover credits of limited duration

of long-term care insurance credit deducted against the tax due

Lines 8 through 11 —

These credits may not reduce the tax due

from Form CT-249, Claim for Long-Term Care Insurance Credit.

below the greater of the MTI base or the fixed dollar minimum . Any

This credit may not reduce the tax due below the greater of the MTI

amount not deducted against the current year’s tax may be carried

base or the fixed dollar minimum.

forward 15 years. Qualified new businesses: The ITC for the

Line 17 – EZ capital tax credit — Enter the amount of EZ capital

financial services industry (line 8), and the ITC, including the retail

tax credit deducted against the tax due from Form CT-602, Claim

enterprises and the historic barns credit (line 10), are refundable

for EZ Capital Tax Credit. This credit may not reduce the tax due

for taxpayers who qualify as new businesses under Tax Law

below the greater of the MTI base or the fixed dollar minimum.

section 210.12(j). Do not complete line 8 or line 10; instead, for

those credits, complete Section V, Refundable credits, line 28

Line 18 – EZ investment tax credit — Enter the amount of

or 29.

EZ-ITC deducted against the tax due from Form CT-603, Claim for

EZ Investment Tax Credit and EZ Employment Incentive Credit.

Line 8 – Investment tax credit for the financial services

This credit may not reduce the tax due below the greater of the MTI

industry — Enter the amount of ITC for the financial services

base tax or the fixed dollar minimum. Qualified new businesses:

industry deducted against the tax due from Form CT-44, Claim for

Do not complete line 18; instead, complete Section V, line 31.

Investment Tax Credit for the Financial Services Industry . Qualified

new businesses: Do not complete line 8; instead, complete

Line 19 – EZ employment incentive credit — Enter the amount

Section V, line 28.

of EZ-EIC deducted against the tax due from Form CT-603. This

credit may reduce the tax due to the fixed dollar minimum.

Line 9 – Employment incentive credit for the financial services

industry — Enter the amount of EIC for the financial services

Line 20 – EZ investment tax credit for the financial services

industry deducted against the tax due from Form CT-44. This credit

industry — Enter the amount of EZ-ITC for the financial services

is not refundable. Note: Do not include any amount of ITC for the

industry deducted against the tax due from Form CT-605, Claim for

financial services industry deducted against the tax due on line 8 of

EZ Investment Tax Credit and EZ Employment Incentive Credit for

this form.

the Financial Services Industry. This credit may not reduce the tax

due below the greater of the MTI base or the fixed dollar minimum.

Line 10 – Investment tax credit, including retail enterprises and

Qualified new businesses: Do not complete line 20; instead,

historic barns credit — Enter the amount of ITC, retail enterprises

complete Section V, line 33.

credit, or historic barns credit deducted against the tax due from

Form CT-46, Claim for Investment Tax Credit . Qualified new

Line 21 – EZ employment incentive credit for the financial

services industry — Enter the amount of EZ-EIC for the financial

businesses: Do not complete line 10; instead, complete Section V,

services industry deducted against the tax due from Form CT-605.

line 29.

This credit may reduce the tax due to the fixed dollar minimum.

Line 11 – Employment incentive credit — Enter the amount of

Line 22 – QETC employment credit — Enter the amount of QETC

EIC deducted against the tax due from Form CT-46, included on

employment credit deducted against the tax due from

line 16 of that form. This credit is not refundable. Note: Do not

Form DTF-621, Claim for QETC Employment Credit. This credit

include any amount of ITC, retail enterprises credit, or historic

may not reduce the tax due below the greater of the MTI base or

barns credit deducted against the tax due on line 10 of this form.

the fixed dollar minimum. Qualified new businesses: Do not

complete line 22; instead, complete Section V, line 34.

Section IV — Carryover credits of unlimited duration

Line 23 – QETC capital tax credit — Enter the amount of QETC

Lines 12 through 25 —

The credits on lines 12 through 25 can

capital tax credit deducted against the tax due from Form DTF-622,

be deducted in any order you choose. Qualified new businesses:

Claim for QETC Capital Tax Credit. This credit may not reduce the

The EZ-ITC (line 18), the EZ-ITC for the financial services industry

tax due below the greater of the MTI base or the fixed dollar

(line 20), and QETC employment credit (line 22) are refundable for

minimum.

taxpayers who qualify as new businesses under Tax Law

section 210.12(j). Do not complete lines 18, 20, or 22; instead, for

Line 24 – Low-income housing credit — Enter the amount of

those credits, complete Section V, lines 31, 33, or 34.

low-income housing credit deducted against the tax due from

Form DTF-624, Claim for Low-Income Housing Credit. This credit

Line 12 – Minimum tax credit — Enter the amount of minimum

may not reduce the tax due below the greater of the MTI base or

tax credit deducted against the tax due from Form CT-38, Minimum

the fixed dollar minimum.

Tax Credit. This credit may only be applied against the entire net

income (ENI) base tax.

Line 25 – Green building credit — Enter the amount of green

building credit deducted against the tax due from Form DTF-630,

Line 13 – Alternative fuels credit — Enter the amount of

Claim for Green Building Credit. This credit may not reduce the tax

alternative fuels credit deducted against the tax due from

due below the greater of the MTI base or the fixed dollar minimum.

Form CT-40, Claim for Alternative Fuels Credit. This credit may not

reduce the tax due below the greater of the MTI base or the fixed

Section V — Refundable credits

dollar minimum. Note: Taxpayers who qualify for the refundable

portion of the credit do not complete line 13. Instead, they complete

Lines 26 through 37 —

The credits on lines 26 through 37 are

Section V, line 26.

credits that are refundable and include refundable credits for

qualified new businesses. These refundable credits, not deducted

Line 14 – Employment of persons with disabilities credit

against the current year’s tax, may be refunded or applied as an

Enter the amount of employment of persons with disabilities credit

overpayment against next year’s tax. These refundable credits can

deducted against the tax due from Form CT-41, Claim for Credit for

be deducted in any order you choose.

Employment of Persons with Disabilities. This credit may reduce

the tax due to the fixed dollar minimum.

Line 26 – Alternative fuels credit for qualified taxpayers only

Line 15 – Special additional mortgage recording tax credit

Taxpayers who qualify for the refundable portion of the

Enter the amount of special additional mortgage recording tax

credit — Do not complete line 13; complete line 26 instead. Only

credit deducted against the tax due from Form CT-43, Claim for

the portion of this credit that is attributable to electric or clean-air

Special Additional Mortgage Recording Tax Credit . This credit may

vehicles first sold or leased to governmental units is refundable.

not reduce the tax due below the greater of the MTI base or the

The alternative fuels credit may not reduce the tax due below the

fixed dollar minimum. Note: Taxpayers requesting a refund in lieu of

greater of the MTI base or the fixed dollar minimum.

credit carryforward do not complete this line. Instead, complete

Section V, line 27.

Instructions For Form Ct-600 - Ordering Of Corporation Tax Credits - New York State Department Of Taxation And Finance - 2004 Page 2

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