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Page 2 of 2 CT-46-ATT (2014)

Instructions

Purpose of form

Schedule B – Rehabilitation expenditures for historic

Use Form CT-46-ATT to claim a credit for the rehabilitation

barns

expenditures of retail enterprises (Schedule A) or historic barns

Questions 3 and 4 – If a barn is listed in the National Register,

(Schedule B). If you qualify for either credit, or both, complete

or a barn is located in a registered historic district and is of

the applicable schedule and attach this form to Form CT-46,

historic significance to the district, the barn is a certified historic

structure. A certified historic structure must have a rehabilitation

Claim for Investment Tax Credit.

certified by the federal Secretary of Interior or the New York

The provisions for recapture applicable to investment tax

State Office of Parks, Recreation and Historic Preservation.

credit property (Article 9-A section 210.12(g)) also apply to

If the barn for which a credit is claimed is a certified historic

these credits. Refer to the instructions for computing recapture

structure, attach the appropriate certification. For more

amounts in Schedule D on Form CT-46.

information, see TSB-M-97(5)(C).

Credit for rehabilitation expenditures for retail enterprises

Questions 5 and 7 – Attach documentation that the historic

Section 210.12(k) allows a credit for qualified rehabilitation

appearance of the barn has not been materially altered and,

expenditures, as defined in Internal Revenue Code (IRC),

where appropriate, documentation that the barn is of no historic

section 47(c)(2). In addition to qualifying for the federal credit,

significance to a registered historic district. One acceptable form

the taxpayer must be a retail enterprise.

of documentation is a letter from the Office of Parks, Recreation

and Historic Preservation. Documentation that a federal

A retail enterprise is a taxpayer registered as a vendor under Tax

rehabilitation credit of 10% or 20% has been allowed for a barn

Law Article 28, and is at least 50% engaged in retail sales as

is another acceptable form of documentation.

defined in section 1101(b)(4)(i).

Questions 8 and 9 – To qualify for the credit, a barn must

The rehabilitated property must be located in New York

have been substantially rehabilitated. To determine whether

State. The credit is limited to the portion of the expenditures

a barn has been substantially rehabilitated, the expenditures

attributable to the property employed in retail sales.

incurred to rehabilitate the barn during a measurement period

selected by the taxpayer must exceed the greater of the

Credit for rehabilitation expenditures for historic barns

adjusted basis of the barn or $5,000. The measurement period

Section 210.12(l) allows a credit for qualified rehabilitation

is a 24-month period selected by the taxpayer and ending with

expenditures, as defined in IRC section 47(c)(2), paid or incurred

or within the tax year. If the rehabilitation could reasonably be

for any barn located in New York State that is a qualified

expected to be completed in phases set forth in architectural

rehabilitated building, as defined in IRC section 47(c)(1).

plans and specifications completed before the rehabilitation

A barn must be a building originally designed and used for

begins, the measurement period may be 60 months long. You

storing farm equipment or agricultural products, or for housing

may be required to submit documentation of the architectural

livestock. No rehabilitation credit is allowed for a barn converted

plans and specifications at a later date. The adjusted basis is

to a residence or a barn whose historic appearance has been

generally determined as of the beginning of the first day of the

measurement period.

altered.

A barn must either have been placed in service before 1936,

Provide the information required in columns A, B, and C. Attach

or, if placed in service after that time, a barn must be a certified

a separate page if you need more space.

historic structure listed in the National Register of Historic

Places, or located in a registered historic district certified by the

Column D – Enter in column D the amount of qualified

Secretary of the Interior.

rehabilitation expenditures paid or incurred for a qualified

rehabilitated barn.

Expenditures for the enlargement of a barn do not qualify

If the expenditures include the cost of enlarging a barn and

for the credit. However, a barn will not be disqualified from

the credit because it has been enlarged. In such cases, the

can be separately accounted for, exclude the expenditures

total expenditures paid or incurred for rehabilitation must be

attributable to the enlargement. Otherwise, on a separate page,

apportioned to exclude those expenditures attributable to the

show the total expenditures (including the enlargement) and

the apportionment method to exclude the expenditures for the

enlargement.

enlargement (as prescribed in TSB-M-97(5)(C)) that was used to

For detailed information concerning qualified rehabilitated

arrive at the amount of rehabilitation expenditures entered in this

expenditures, qualified rehabilitated buildings, alteration of

column.

the historic appearance of a barn, certified historic structures,

registered historic districts, and enlargement of a barn, refer to

Need help? and Privacy notification

TSB-M-97(5)(C), A Credit for Rehabilitation of Historic Barns.

See Form CT-1, Supplement to Corporation Tax Instructions.

Computation of tax credit(s)

Complete Schedules A and B as appropriate, and enter the total

credits computed on Form CT-46, lines 3 and 4.

Schedule A – Rehabilitation expenditures for retail

enterprises

Provide the information required in columns A, B, C, and D.

Attach a separate page if you need more space. Enter in

column E the portion of the qualified rehabilitation expenditures

paid or incurred for that part of the building employed in retail

sales activity.

476002140094

Form Ct-46-Att - Credit For Rehabilitation Expenses For Retail Enterprises And Historic Barns - 2014 Page 2

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