Form It-633 - Economic Transformation And Facility Redevelopment Program Tax Credit - 2012 Page 3

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IT-633 (2012) Page 3 of 4
Part 4 – Real property tax credit component
Property located entirely within a closed facility
A
B
C
Eligible real property taxes
Benefit period year rate *
Credit amount (column A x column B)
.
.
00
00
.
.
00
00
.
.
00
00
Total of column C amounts from additional sheet(s), if any .........
.
00
* 1st year 50% (.50); 2nd year 40% (.40); 3rd year 30% (.30); 4th year 20% (.20); 5th year 10% (.10)
24 Real property tax credit component for property located entirely within a closed facility
.. 24
(add column C amounts)
.
00
Property located outside a closed facility
A
B
C
Eligible real property taxes
Benefit period year rate **
Credit amount (column A x column B)
.
.
00
00
.
.
00
00
.
.
00
00
Total of column C amounts from additional sheet(s), if any .........
.
00
** 1st year 25% (.25); 2nd year 20% (.20); 3rd year 15% (.15); 4th year 10% (.10); 5th year 5% (.05)
25 Real property tax credit component for property located outside a closed facility
... 25
(add column C amounts)
.
00
26 Add lines 24 and 25 ............................................................................................................................. 26
.
00
27 Enter your share of the real property tax credit components
Partner
from your partnership(s) ....................................................................................
.
27
00
28 Enter your share of the real property tax credit component
S corporation
from your S corporation(s) .................................................................................
shareholder
.
00
28
29 Enter your share of the real property tax credit component
Beneficiary
from the estate(s) or trust(s) ..............................................................................
.
29
00
30 Total real property tax credit component
..........................
(add lines 26 through 29)
.
30
00
Partnerships: Enter the line 30 amount and code D33 on Form IT-204, line 144. Complete Schedule F, if applicable.
Fiduciaries: Enter the line 30 amount on the Total line of Schedule C, column F, and continue with line 31.
All others: Continue with line 31.
31 Total credit components
.............................................................................. 31
(add lines 8, 18, 23, and 30)
.
00
Fiduciaries: Complete Schedules C and E and, if applicable, Schedule F.
All others: Continue with line 32.
Schedule C – Beneficiary’s and fiduciary’s share of credit components and recapture of credit
A
B
C
D
E
F
G
Beneficiary’s name
Identifying number
Share of jobs tax
Share of
Share of
Share of
Share of
investment tax
training tax credit
real property tax
(same as on Form IT-205, Schedule C)
credit component
recapture
credit component
component
credit component
of credit
Total
.
.
.
.
.
00
00
00
00
00
.
.
.
.
.
00
00
00
00
00
.
.
.
.
.
00
00
00
00
00
Fiduciary
.
.
.
.
.
00
00
00
00
00
633003120094

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