Form Ct-601.1 - Claim For Zea Wage Tax Credit - 2011
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CT-601.1
New York State Department of Taxation and Finance
Claim for ZEA Wage Tax Credit
Tax Law — Article 9-A, Section 210.19; Article 32, Section 1456(e); and
Article 33, Section 1511(g)
All filers must enter tax period:
beginning
ending
Taxpayer identification number shown on page 1 of your tax return
File this claim with your corporation tax return,
Legal name of corporation filing the franchise tax return
Form CT-3, CT-3-A, CT-32, CT-32-A, CT-33,
CT-33-A, or CT-33-NL.
Name of zone equivalent area (ZEA)
Date of ZEA designation
Schedule A — Application of ZEA wage tax credit for the current tax year
Part 1 — Computation of 50% limitation
1 ZEA wage tax credit carryforward from preceding tax year .............................................................
1.
2 Current year’s tax
.....................................................................................................
2.
(see instructions)
3 Fifty percent limitation
3.
.............................................................................................
(see instructions)
Taxpayers claiming wage tax credits in multiple ZEAs and EZs must complete Schedule B.
Part 2 — Computation of tax limitation
4 Current year’s tax
.......................................................................................................
4.
(see instructions)
5 Enter other credits claimed before the ZEA wage tax credit
...................................
5.
(see instructions)
6 Net tax
..........................................................................................................
6.
(subtract line 5 from line 4)
7 Enter appropriate tax:
Article 9-A — enter the tax on minimum taxable income or fixed dollar minimum tax
(whichever is larger)
Article 32 — enter the fixed minimum tax of 250
Article 33 — enter 250 .....................................................................................................................
7.
8 ZEA wage tax credit limitation
...................................................................
8.
(subtract line 7 from line 6)
9 ZEA wage tax credit limitation for current tax year
..............
(enter the lesser of line 3 or line 8 amount)
9.
Part 3 — Computation of ZEA wage tax credit used for the current tax year
10 ZEA wage tax credit used for current tax year
10.
........................................................
(see instructions)
Part 4 — Computation of ZEA wage tax credit carryforward
11 ZEA wage tax credit available as carryforward
........................................
11.
(subtract line 10 from line 1)
Schedule B — Computation of 50% limitation for multiple wage tax credit claims
(see instructions)
Part 1 — Computation of 50% limitation
12 Current year’s tax
.............................................................................................................. 12.
(from line 2)
13 Fifty percent limitation (
............................................................................... 13.
multiply line 12 by 50% (.5))
Part 2 — Unused ZEA wage tax credit 50% limitation
C
A
B
Unused ZEA and EZ wage tax
Fifty percent limitation
Amount of ZEA and EZ wage tax credits applied prior to this credit
credit 50% limitation
(from line 13)
(column A amount – column B
Zone name
Amount of credit
total amount used)
Total amount used
14 Unused ZEA wage tax credit limitation
.... 14.
(subtract column B total from column A; enter here and on line 3)
46101110094
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