Recordkeeping: brownfield redevelopment tax credit
When claiming this credit, you must keep the following required documentation for your records:
- Brownfield Cleanup Agreement
- Certificate of Completion
- If the property or Certification of Completion was transferred, provide a copy of the purchase agreement and notifications of the transfer to the Department of Environmental Conservation (DEC). Visit DEC at Initial Notice and Transfer of Certificate of Completion.
- Site Management Plan
- Remedial Work Plan
- Certificate of Occupancy, if applicable
- organizational chart that includes entity names, identification numbers, and percentage of ownership
- complete federal Forms 1120 and 1065, including, but not limited to:
- consolidating spreadsheets, if applicable
- all federal Forms 4562, Depreciation and Amortization, and attachments
- depreciation schedules and any related supporting schedules
- all invoices, payments, contracts, or other documentation as verification of the costs you claim
Note: We may require additional information based on the specific facts of your credit claim.
Please use our spreadsheet to format your documentation: standardized initial information request.
To claim the credit, you’ll need to file:
- Form CT-611, CT-611.1, or CT-611.2, Claim for Brownfield Redevelopment Tax Credit, depending on the date you were accepted into the program, if you’re a corporation; or
- Form IT-611, IT-611.1, or IT-611.2, Claim for Brownfield Redevelopment Tax Credit, depending on the date you were accepted into the program, if you’re not a corporation.
See Brownfield redevelopment tax credit for detailed information about the credit and to access the credit forms.