New York State Department of Taxation and Finance
IT-633
Economic Transformation and Facility
Redevelopment Program Tax Credit
Tax Law - Article 1, Section 35; Article 22, Section 606(ss)
Calendar-year filers, mark an X in the box:
Other filers enter tax period:
beginning
and ending
Submit this form with Form IT-201, IT-203, IT-204, or IT-205. You must also submit a copy of the Certificate of Eligibility and the
Preliminary Schedule of Benefits issued by Empire State Development (ESD).
Name(s) as shown on return
Taxpayer identification number
Mark an X in the appropriate box to indicate the tax year of the
benefit period for which you are claiming the credit on this form:
1
2
5
st
nd
3
rd
4
th
th
Mark an X in the box if you are claiming this credit as a partner in
a partnership, shareholder of a New York S corporation, or beneficiary of an estate or trust: ................................................................
(see Eligibility on page 1 in instructions)
Schedule A – Eligibility
Part 1 – Qualified new business
1 Is the business a qualified new business?
..................................................... Yes
(see Definitions in instructions)
No
If Yes, continue with Part 2. If No, stop. You do not qualify for this credit.
(see instructions)
Part 2 – Computation of average number of net new jobs
September 30
December 31
Total
Current tax year
March 31
June 30
Number of net new jobs
2 Average number of net new jobs for the current tax year
...........................................
(see instructions)
2
3 Is the average number of net new jobs five or greater? ...........................................................................................Yes
No
If Yes, complete Schedule B. If No, stop. You do not qualify for this credit for the current tax year.
(see instructions)
Schedule B – Computation of credit component amounts
Part 1 – Jobs tax credit component – Complete the information below for each net new job created and maintained in
(submit additional sheets if necessary; see instructions)
the economic transformation area
A
B
C
D
E
F
Employee’s name
Social security number
Date first
Gross wages
Credit amount
Last date of
(column E x 6.85%
employed
employment during
(.0685))
(mm-dd-yyyy)
the current tax year
.
.
00
00
.
.
00
00
.
.
00
00
.
.
00
00
.
.
00
00
Total of column F amounts from additional sheet(s), if any .........................................................................................
.
00
4 Jobs tax credit component
...............................................................................
(add column F amounts)
.
4
00
5 Enter your share of the jobs tax credit component from
Partner
your partnership(s) ............................................................................................
.
5
00
6 Enter your share of the jobs tax credit component from
S corporation
shareholder
your S corporation(s) .........................................................................................
.
6
00
7 Enter your share of the jobs tax credit component from
Beneficiary
the estate(s) or trust(s) ......................................................................................
.
7
00
8 Total jobs tax credit component
............................................
(add lines 4 through 7)
.
8
00
Partnerships: Enter the line 8 amount and code 633 on Form IT-204, line 144, and continue with Part 2.
Fiduciaries: Enter the line 8 amount on the Total line of Schedule C, column C, and continue with Part 2.
All others: Continue with Part 2.
633001130094