Form It-604 - Claim For Qeze Tax Reduction Credit - 2013 Page 3
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8IT-604 (2013) Page 3 of 8
Zone allocation factor
Schedule D
–
(see instructions)
–
–
A
EZ
B
New York State
.
.
14 Average value of property
...................... 14
14
(see instructions)
00
00
15 EZ property factor
15
(divide line 14, column A, by line 14, column B; round the result to the fourth decimal place)
.
.
16 Wages and other compensation of employees
16
16
(see instr.)
00
00
(divide line 16, column A, by line 16, column B; round the result to the fourth decimal place)
17 EZ payroll factor
17
(add lines 15 and 17)
18 Total EZ factors
............................................................................................. 18
(divide line 18 by two; round the result to the fourth decimal place)
19 Zone allocation factor
................... 19
Partnerships – Enter the line 19 amount on Form IT-204, line 134 and enter the benefit
period factor from the Benefit period factor table below on Form IT-204, line 135.
All others – Enter the line 19 amount on line 27.
Schedule E – Tax factor
20 Enter your tax from Form IT-201, line 39; Form IT-203, line 38; Form IT-205, line 6 (full-year resident
.
estate or trust); or Form IT-205-A, line 11 (nonresident estate or trust or part-year resident trust) 20
00
.
21 Enter the amount of your income from the QEZE allocated within NYS
............ 21
(see instructions)
00
.
22 New York adjusted gross income
....................................................................... 22
(see instructions)
00
23 Divide line 21 by line 22
.... 23
(the result cannot exceed one; round the result to the fourth decimal place)
.
24 Multiply line 20 by line 23; this is your tax factor
................................... 24
(enter here and on line 28)
00
Schedule F – QEZE tax reduction credit
(see instructions)
25 Tax year of the business benefit period
; benefit period factor
........ 25
(from table below)
26 Employment increase factor
.................................................................................... 26
(from line 13)
1.0000
(from line 19)
27 Zone allocation factor
............................................................................................... 27
.
(from line 24)
28 Tax factor
................................................................................................................. 28
00
.
29 QEZE tax reduction credit available for use
(multiply line 25 × line 26 × line 27 × line 28)
................ 29
00
.
30 Tax due before credits
....................................................................................... 30
(see instructions)
00
.
31 Credits applied against the tax before this credit
............................................... 31
(see instructions)
00
.
32 Net tax due
........................................................................................ 32
(subtract line 31 from line 30)
00
.
33 QEZE tax reduction credit used for the current tax year
.................................... 33
(see instructions)
00
Sole proprietors and fiduciaries
Find the tax year of your benefit
–
Benefit period factor table*
period. Enter the benefit period factor for that tax year on line 25.
Tax year of the benefit period
Benefit period factor
–
All others
See instructions.
1 - 10
1.0
For taxpayers first certified prior to April 1, 2005, the QEZE
*
11
.8
tax reduction credit is generally available for up to 14 years for
12
.6
taxpayers that continue to qualify.
13
.4
14
.2
15
0
164003130094
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