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Page 2 of 4 CT-600-

(2003)

Columns B and C

– Enter in the appropriate columns the amount to

Line 14 – Employment of persons with disabilities credit

be refunded or applied as an overpayment against next year’s tax

Enter the amount of employment of persons with disabilities credit

from Form CT-601.1, line 30 .

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

Employment of Persons with Disabilities. This credit may reduce

Section III — Carryover credits of limited duration

the tax due to the fixed dollar minimum.

Line 15 – Special additional mortgage recording tax credit

Lines 8 through 11 – These credits may not reduce the tax due

below the higher of the minimum taxable income base or the fixed

Enter the amount of special additional mortgage recording tax

dollar minimum . Any amount not deducted against the current

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

year’s tax may be carried forward 15 years. Qualified new

Special Additional Mortgage Recording Tax Credit . This credit may

businesses: The investment tax credit for the financial services

not reduce the tax due below the higher of the minimum taxable

industry (line 8), and the investment tax credit, including the retail

income base or the fixed dollar minimum. Note: Taxpayers

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

requesting a refund in lieu of credit carryforward do not complete

for taxpayers who qualify as new businesses under Tax Law

this line. Instead, complete Section V, line 27, of this form.

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

Line 16 – Long-term care insurance credit

those credits, complete Section V, Credits that are refundable,

line 28 or 29 .

Enter the amount of long-term care insurance credit deducted

against the tax due from Form CT-249, Claim for Long-Term Care

Line 8 – Investment tax credit for the financial services

Insurance Credit. This credit may not reduce the tax due below the

industry

higher of the minimum taxable income base or the fixed dollar

Enter the amount of investment tax credit for the financial services

minimum.

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

Line 17 – EZ capital tax credit

Investment Tax Credit for the Financial Services Industry . Qualified

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

Enter the amount of EZ capital tax credit deducted against the tax

Section V, line 28, of this form.

due from Form CT-602, Claim for EZ Capital Tax Credit. This credit

may not reduce the tax due below the higher of the minimum

Line 9 – Employment incentive credit for the financial services

taxable income base or the fixed dollar minimum.

industry

Line 18 – EZ investment tax credit

Enter the amount of employment incentive credit for the financial

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

Enter the amount of EZ investment tax credit deducted against the

Claim for Investment Tax Credit for the Financial Services Industry .

tax due from Form CT-603, Claim for EZ Investment Tax Credit and

This credit is not refundable. Note: Do not include any amount of

EZ Employment Incentive Credit. This credit may not reduce the tax

investment tax credit for the financial services industry deducted

due below the higher of the minimum taxable income base tax or

against the tax due on line 8 of this form.

the fixed dollar minimum. Qualified new businesses: Do not

complete line 18; instead, complete Section V, line 31, of this form.

Line 10 – Investment tax credit, including retail enterprises and

historic barns credit

Line 19 – EZ employment incentive credit

Enter the amount of investment tax credit, retail enterprises, or

Enter the amount of EZ employment incentive credit deducted

historic barns credit deducted against the tax due from

against the tax due from Form CT-603, Claim for EZ Investment Tax

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

Credit and EZ Employment Incentive Credit. This credit may reduce

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

the tax due to the fixed dollar minimum.

line 29, of this form.

Line 20 – EZ investment tax credit for the financial services

Line 11 – Employment incentive credit

industry

Enter the amount of employment incentive deducted against the

Enter the amount of EZ investment tax credit for the financial

tax due from Form CT-46, Claim for Investment Tax Credit, included

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

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

Claim for EZ Investment Tax Credit and EZ Employment Incentive

include any amount of investment tax credit, retail enterprises

Credit for the Financial Services Industry. This credit may not

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

reduce the tax due below the higher of the minimum taxable

line 10 of this form.

income base or the fixed dollar minimum. Qualified new

businesses: Do not complete line 20; instead, complete Section V,

line 33, of this form.

Section IV — Carryover credits of unlimited duration

Line 21 – EZ employment incentive credit for the financial

Lines 12 through 25 – The credits on lines 12 through 25 can be

services industry

deducted in any order you choose. Qualified new businesses:

The EZ investment tax credit (line 18), the EZ investment tax credit

Enter the amount of EZ employment incentive credit for the

for the financial services industry (line 20), and QETC employment

financial services industry deducted against the tax due from

credit (line 22) are refundable for taxpayers who qualify as new

Form CT-605, Claim for EZ Investment Tax Credit and EZ

businesses under Tax Law section 210.12(j). Do not complete lines

Employment Incentive Credit for the Financial Services Industry.

18, 20 or 22; instead, for those credits, complete Section V, Credits

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

that are refundable, lines 31, 33, or 34.

Line 22 – QETC employment credit

Line 12 – Minimum tax credit

Enter the amount of QETC employment credit deducted against the

tax due from Form DTF-621, Claim for QETC Employment Credit.

Enter the amount of minimum tax credit deducted against the tax

due from Form CT-3-ATT or Form CT-3-A. This credit may only be

This credit may not reduce the tax due below the higher of the

minimum taxable income base or the fixed dollar minimum.

applied against the entire net income base tax.

Qualified new businesses: Do not complete line 22; instead,

Line 13 – Alternative fuels credit

complete Section V, line 34, of this form.

Enter the amount of alternative fuels credit deducted against the

Line 23 – QETC capital tax credit

tax due from Form CT-40, Claim for Alternative Fuels Credit. This

credit may not reduce the tax due below the higher of the minimum

Enter the amount of QETC capital tax credit deducted against the

taxable income base or the fixed dollar minimum. Note: Taxpayers

tax due from Form DTF-622, Claim for QETC Capital Tax Credit.

who qualify for the refundable portion of the credit do not complete

This credit may not reduce the tax due below the higher of the

line 13. Instead, they complete Section V, line 26, of this form.

minimum taxable income base or the fixed dollar minimum.

Instructions For Form Ct-600 - Ordering Of Corporation Tax Credits - New York State Department Of Taxation And Finance - 2003 Page 2

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