Instructions for Form IT-611 Claim for Brownfield Redevelopment Tax Credit for Qualified Sites Accepted Into the Brownfield Cleanup Program Prior to June 23, 2008 - New York

Form IT-611 Claim for Brownfield Redevelopment Tax Credit for Qualified Sites Accepted Into the Brownfield Cleanup Program Prior to June 23, 2008 - New York

This document contains official instructions for Form IT-611 , Claim for Brownfield Cleanup Program Prior to June 23, 2008 - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-611 is available for download through this link.

FAQ

Q: What is Form IT-611?A: Form IT-611 is a document used to claim the Brownfield Redevelopment Tax Credit for qualified sites accepted into the Brownfield Cleanup Program before June 23, 2008 in New York.

Q: What is the Brownfield Redevelopment Tax Credit?A: The Brownfield Redevelopment Tax Credit is a tax incentive provided to encourage the cleanup and redevelopment of contaminated properties in New York.

Q: Who is eligible to file Form IT-611?A: Property owners or developers who have a qualified site that was accepted into the Brownfield Cleanup Program before June 23, 2008 in New York are eligible to file Form IT-611.

Q: What is the purpose of the Brownfield Cleanup Program?A: The Brownfield Cleanup Program is designed to facilitate the cleanup and redevelopment of contaminated properties in order to promote economic growth and environmental protection in New York.

Q: What documentation is required to file Form IT-611?A: The documentation required to file Form IT-611 includes a copy of the Certificate of Eligibility for the Brownfield Cleanup Program, a completed Application for Certificate of Tax Credit, and any supporting documents.

Q: What is the deadline for filing Form IT-611?A: The deadline for filing Form IT-611 is generally three years from the date the property is accepted into the Brownfield Cleanup Program.

Q: How much tax credit can be claimed through Form IT-611?A: The amount of tax credit that can be claimed through Form IT-611 varies depending on various factors, such as the extent of contamination and the cost of cleanup and redevelopment.