Looking for a New York State Tax Forms And Templates? Download it for free!

CT-633 (2012) Page 3 of 4

(see instructions)

Part 4

Real property tax credit component

–

Property located entirely within closed facility

Eligible real property taxes

Benefit period

Credit amount

(column A x column B)

year rate

Total of column C from attached sheet(s) ....................................

1st year 50% (.50); 2nd year 40% (.40); 3rd year 30% (.30); 4th year 20% (.20); 5th year 10% (.10)

18 Real property tax credit component for property located entirely within a closed facility

(add column C amounts)

Property located outside a closed facility

Eligible real property taxes

Benefit period

Credit amount

(column A x column B)

year rate

Total of column C from attached sheet(s) ....................................

1st year 25% (.25); 2nd year 20% (.20); 3rd year 15% (.15); 4th year 10% (.10); 5th year 5% (.05)

19 Real property tax credit component for property located outside a closed facility

...

(add column C amounts)

20 Add lines 18 and 19 ...........................................................................................................................

21 Real property tax credit component received from partnerships .......................................................

22 Total real property tax credit component

............................................................

(add lines 20 and 21)

S corporations: Enter the line 22 amount on Form CT-34-SH, line 64. Complete Schedule C, if applicable.

All others: Continue with line 23.

(see instructions)

Schedule C

Credit summary

–

23 Total credit components

............................................................................

(add lines 6, 14, 17, and 22)

24 Recapture of credits taken in previous years

...........................................................

(see instructions)

25 Net economic transformation and facilities redevelopment program tax credit

.........

(see instructions)

(see instr.)

Schedule D

Computation of tax credit used, refunded, or credited as an overpayment in the next year

–

S corporations: Do not complete this section

26 Tax due before credits .......................................................................................................................... 26

27 Tax credits claimed before this credit .................................................................................................

28 Subtract line 27 from line 26 ................................................................................................................ 28

29 Minimum tax ......................................................................................................................................... 29

30 Credit limitation

.......................................................

(subtract line 29 from line 28; if zero or less, enter 0)

31 Credit to be used this tax year ............................................................................................................

32 Unused tax credit available as a refund or as an overpayment

..............

(subtract line 31 from line 25)

33 Tax credit to be refunded

...........................................

(limited to the amount on line 32; see instructions)

34 Amount to be applied as an overpayment to next year’s tax

.......