Qualified Empire Zone Enterprise (QEZE) credit for real property taxes
The New York State Empire Zones Program expired on July 1, 2010.
You or your business can continue to claim this refundable credit for the remainder of your business tax benefit period, as long as you continue to meet the requirements of the statute. However, any business that was required to obtain an empire zone (EZ) retention certificate but was denied one will not be eligible for this credit.
Taxpayers must prove entitlement to tax credits. During the course of an audit, you may be required to provide documentation to substantiate entitlement based on the specific facts of your tax credit claim. See QEZE real property tax credit recordkeeping requirements for more information on the recordkeeping requirements for this credit.
For additional information on claiming this credit, see:
- Form CT-606, Claim for QEZE Credit for Real Property Taxes, and its instructions, Form CT-606-I (for corporations); or
- Form CT-604-CP, Claim for QEZE Credit for Real Property Taxes and QEZE Tax Reduction Credit For Corporate Partners, and its instructions Form CT-604-CP-I (for corporate partners); or
- Form IT-606, Claim for QEZE Credit for Real Property Taxes, and its instructions, Form IT-606-I (for all others).