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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IT-633
for the current year.
Form IT-633 Economic Transformation and Facility Redevelopment Program Tax Credit - New York
What Is Form IT-633?
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form IT-633?A: Form IT-633 is a tax form specifically for the Economic Transformation and Facility Redevelopment Program (ETFRP) Tax Credit in New York.
Q: What is the purpose of the ETFRP Tax Credit?A: The purpose of the ETFRP Tax Credit is to encourage economic growth and development by providing tax incentives for qualified projects.
Q: Who can claim the ETFRP Tax Credit?A: Eligible taxpayers who have qualified projects approved by the New York State Department of Economic Development can claim the ETFRP Tax Credit.
Q: What types of projects are eligible for the ETFRP Tax Credit?A: Projects that involve the substantial renovation, rehabilitation, or redevelopment of a building or facility located in New York State may be eligible for the ETFRP Tax Credit.
Q: How much is the ETFRP Tax Credit?A: The amount of the ETFRP Tax Credit varies and is determined by the New York State Department of Economic Development based on the approved project.
Q: How do I apply for the ETFRP Tax Credit?A: To apply for the ETFRP Tax Credit, you need to submit an application to the New York State Department of Economic Development and receive approval for your project.
Q: When is the deadline to submit Form IT-633?A: The deadline to submit Form IT-633 is the same as the taxpayer's deadline for filing their New York State income tax return.
Q: What supporting documents are required for Form IT-633?A: Supporting documents such as project plans, cost estimates, and evidence of project approval from the New York State Department of Economic Development may be required for Form IT-633.
Q: Can I claim the ETFRP Tax Credit if I am a sole proprietor?A: Yes, sole proprietors are eligible to claim the ETFRP Tax Credit if they meet the eligibility requirements and have an approved project.
Q: Is the ETFRP Tax Credit refundable?A: No, the ETFRP Tax Credit is not refundable. However, any unused credit may be carried forward for up to 15 years.
Form Details:
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form IT-633 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
Download Form IT-633 Economic Transformation and Facility Redevelopment Program Tax Credit - New York
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