Instructions for Form IT-613 Claim for Environmental Remediation Insurance Credit for Qualified Sites Accepted Into the Brownfield Cleanup Program Prior to July 1, 2015 - New York

Form IT-613 Claim for Environmental Remediation Insurance Credit for Qualified Sites Accepted Into the Brownfield Cleanup Program Prior to July 1, 2015 - New York

This document contains official instructions for Form IT-613 , Claim for Brownfield Cleanup Program Prior to July 1, 2015 - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-613 is available for download through this link.

FAQ

Q: What is Form IT-613?A: Form IT-613 is a form used to claim the Environmental Remediation Insurance Credit for qualified sites accepted into the Brownfield Cleanup Program prior to July 1, 2015 in New York.

Q: What is the Environmental Remediation Insurance Credit?A: The Environmental Remediation Insurance Credit is a tax credit available for certain costs incurred in relation to the remediation of contaminated sites in New York.

Q: Who can claim the Environmental Remediation Insurance Credit?A: Businesses and individuals who have qualified sites accepted into the Brownfield Cleanup Program in New York prior to July 1, 2015 can claim the Environmental Remediation Insurance Credit.

Q: How do I claim the Environmental Remediation Insurance Credit?A: To claim the Environmental Remediation Insurance Credit, you need to file Form IT-613 with the New York State Department of Taxation and Finance.

Q: What costs are eligible for the Environmental Remediation Insurance Credit?A: Costs related to the purchase of environmental remediation insurance policies are eligible for the Environmental Remediation Insurance Credit.

Q: Is there a deadline for claiming the Environmental Remediation Insurance Credit?A: Yes, the deadline for claiming the Environmental Remediation Insurance Credit is generally three years from the original due date of the tax return for the year in which the qualified site was accepted into the Brownfield Cleanup Program.

Q: Are there any other requirements to claim the Environmental Remediation Insurance Credit?A: Yes, there are certain requirements and limitations associated with claiming the Environmental Remediation Insurance Credit. It is recommended to review the instructions and guidelines provided with Form IT-613 or consult a tax professional for guidance.

Q: Can I claim the Environmental Remediation Insurance Credit for sites accepted into the Brownfield Cleanup Program after July 1, 2015?A: No, the Environmental Remediation Insurance Credit is only available for qualified sites accepted into the Brownfield Cleanup Program prior to July 1, 2015.