New York State Department of Taxation and Finance
IT-601
Claim for EZ Wage Tax Credit
Tax Law – Section 606(k)
2014 calendar-year filers, mark an X in the box:
Other filers enter tax period:
beginning
and ending
File this claim with your Form IT-201, IT-203, IT-204, or IT-205.
Submit a copy of the Certificate of Eligibility and the Empire Zone Retention Certificate.
Taxpayer identification number(s) shown on return
Name
Name of empire zone (EZ)
Date of EZ designation (see instructions)
Mark an X in the appropriate box to indicate the tax year for which the
empire zone (EZ) wage tax credit is being claimed on this return:
1st
2nd
3rd
4th
5th
Mark an X in the box if you are a Clean Energy Enterprise (CEE) .......................................................................................................
Eligibility requirements – You must meet all three eligibility requirements below by answering Yes to questions 1, 4, and 7 before
computing the EZ wage tax credit for the current tax year in Schedule A on page 2
(see instructions).
1 Were EZ wages paid during the current tax year to full-time employees in a job created in an EZ? .........
Yes
No
1
If you answered Yes to question 1, complete Part 1 below. If you answered No, you cannot compute a credit in Schedule A for the
current year. If, however, you have an EZ wage tax credit carryforward from a preceding tax year, go to Schedule E, line 29.
Part 1 – Computation of average number of full-time employees in NYS for the current tax year and four-year test period
Current tax year
March 31
June 30
September 30
December 31
Total
Number of full-time employees in NYS
2 Average number of full-time employees in New York State for current tax year ........................................
2
Number of full-time employees in NYS
during four-year test period
March 31
June 30
September 30
December 31
Total
First year
Second year
Third year
Fourth year
Total number of full-time employees in New York State for four-year test period ....................................................
3 Average number of full-time employees in New York State for four-year test period
.......
3
(see instructions)
4 Does the average number of full-time employees on line 2 exceed the average number of full-time
employees on line 3? ..............................................................................................................................
Yes
No
4
If you answered No to question 4, you cannot compute a credit in Schedule A for the current year. If, however, you have an EZ wage tax
credit carryforward from a preceding tax year, go to Schedule E, line 29. If you answered Yes to question 4, continue with Part 2. CEEs,
see instructions.
Part 2 – Computation of average number of full-time employees in the EZ for the current tax year and four-year test period
Current tax year
March 31
June 30
September 30
December 31
Total
Number of full-time employees in the EZ
5 Average number of full-time employees in the EZ for current tax year .....................................................
5
Number of full-time employees in the
EZ during four-year test period
March 31
June 30
September 30
December 31
Total
First year
Second year
Third year
Fourth year
Total number of full-time employees in the EZ for four-year test period .................................................................
6 Average number of full-time employees in the EZ for four-year test period ...............................................
6
7 Does the average number of full-time employees on line 5 exceed the average number of
full-time employees on line 6? ................................................................................................................
Yes
No
7
If you answered No to question 7, you cannot compute a credit in Schedule A for the current year. If, however, you have an EZ wage tax credit
carryforward from a preceding tax year, go to Schedule E, line 29. If you answered Yes to question 7, go to Schedule A to compute the credit
for the current year.
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