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CT-600-

(2003) Page 3 of 4

Line 24 – Low-income housing credit

Line 29 – Investment tax credit, including retail enterprises and

historic barns credit for new businesses only

Enter the amount of low-income housing credit deducted against

the tax due from Form DTF-624, Claim for Low-Income Housing

Qualified new businesses – Do not complete line 10; complete

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

this line instead. The investment tax credit, retail enterprises credit,

the minimum taxable income base or the fixed dollar minimum.

and historic barns credit may not reduce the tax due below the

higher of the minimum taxable income base or the fixed dollar

Line 25 – Green building credit

minimum .

Enter the amount of green building credit deducted against the tax

– Enter the amount of investment tax credit, retail

Column A

due from Form DTF-630, Claim for Green Building Credit. This

enterprises credit, and historic barns credit deducted against the

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

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

taxable income base or the fixed dollar minimum.

on line 16 of that form. Note: Do not include any amount of

employment incentive credit deducted on line 11 of this form as

Section V — Credits that are refundable

that credit is not refundable.

– Enter in the appropriate columns the amount to

Columns B and C

Lines 26 through 36 – The credits on lines 26 through 36 are

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

credits that are refundable and include refundable credits for

from Form CT-46, line 18 .

qualified new businesses. Any portion of these credits not deducted

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

Line 30 – Farmers’ school tax credit

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

The farmers’ school tax credit may not reduce the tax due below

be deducted in any order you choose.

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

Line 26 – Alternative fuels credit for qualified taxpayers only

minimum.

Taxpayers who qualify for the refundable portion of the credit -

– Enter the amount of farmers’ school tax credit

Column A

Do not complete line 13; complete this line instead. Only the

deducted against the tax due, from Form CT-47, Claim for Farmers’

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

School Tax Credit, line 22.

vehicles first sold or leased to governmental units is refundable.

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

– If you are requesting a refund in lieu of a credit

Columns B and C

higher of the minimum taxable income base or the fixed dollar

carryforward, enter in the appropriate columns the amount to be

minimum.

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

Form CT-47, line 24 .

– Enter the amount of alternative fuels credit deducted

Column A

against the tax due from Form CT-40, Claim for Alternative Fuels

Line 31 – EZ investment tax credit for new businesses only

Credit, line 8.

Qualified new businesses – Do not complete line 18; complete

Columns B and C

– Enter in the appropriate columns the amount to

this line instead. The EZ investment tax credit may not reduce the

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

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

from Form CT-40, line 11 .

the fixed dollar minimum .

Line 27 – Special additional mortgage recording tax credit for

Column A

– Enter the amount of EZ investment tax credit deducted

residential mortgages only

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

Credit and EZ Employment Incentive Credit, line 15, column B.

Taxpayers who qualify for the refundable portion of the credit -

Do not complete line 15; complete this line instead. The special

– Enter in the appropriate columns the amount to

Columns B and C

additional mortgage recording tax credit may not reduce the tax

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

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

from Form CT-603, line 20.

fixed dollar minimum.

Line 32 – QEZE credit for real property taxes

– Enter the amount of special additional mortgage

Column A

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

The QEZE credit for real property taxes may not reduce the tax due

Claim for Special Additional Mortgage Recording Tax Credit, line 9.

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

dollar minimum.

– Enter the amount to be refunded from Form CT-43,

Column B

line 13.

– Enter the amount of QEZE credit for real property

Column A

taxes deducted against the tax due from Form CT-604, Claim for

Column C

– Enter the amount applied as an overpayment against

QEZE Credit for Real Property Taxes and QEZE Tax Reduction

next year’s tax from Form CT-43, line 14.

Credit, line 33, or Form CT-604-CP, Claim for QEZE Credit for Real

Line 28 – Investment tax credit for the financial services

Property Taxes and QEZE Tax Reduction Credit for Corporate

industry for new businesses only

Partners , line 7.

Qualified new businesses – Do not complete line 8; complete this

– Enter the amount to be refunded from Form CT-604,

Column B

line instead. The investment tax credit for the financial services

line 35 or Form CT-604-CP, line 9.

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

Column C

– Enter the amount applied as an overpayment against

minimum taxable income base or the fixed dollar minimum .

next year’s tax from Form CT-604, line 36 or Form CT-604-CP,

– Enter the amount of investment tax credit for the

Column A

line 10.

financial services industry deducted against the tax due from

Line 33 – EZ investment tax credit for the financial services

Form CT-44, Claim for Investment Tax Credit for the Financial

industry for new businesses only

Services Industry included on line 31 of that form. Note: Do not

include any amount of employment incentive credit for the financial

Qualified new businesses – Do not complete line 20; complete

services industry deducted on line 9 of this form as that credit is

this line instead. The EZ investment tax credit for the financial

not refundable.

services industry may not reduce the tax due below the higher of

the minimum taxable income base or the fixed dollar minimum .

– Enter in the appropriate columns the amount to

Columns B and C

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

Column A

– Enter the amount of EZ investment tax credit for the

from Form CT-44, line 33.

financial services industry deducted against the tax due from

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

Employment Incentive Credit for the Financial Services Industry,

line 24, column B.

Instructions For Form Ct-600 - Ordering Of Corporation Tax Credits - New York State Department Of Taxation And Finance - 2003 Page 3

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