Form CT 600 I CT600 Ct600i 2011

User Manual: CT600

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New York State Department of Taxation and Finance
Instructions for Form CT-600
Ordering of Corporation Tax Credits
Tax Law — Article 9-A
CT-600-I
Temporary deferral of certain tax credits
For tax years beginning on or after January 1, 2010, and before
January 1, 2013, if the total amount of certain credits that you
may use to reduce your tax or have refunded to you is greater
than $2 million, the excess over $2 million must be deferred
to, and used or refunded in, tax years beginning on or after
January 1, 2013. For more information about the credit deferral,
see Form CT-500, Corporation Tax Credit Deferral.
If you are subject to the credit deferral, you must complete all
credit forms without regard to the deferral. However, the credit
amount that is transferred to your tax return to be applied against
your tax due or to be refunded to you may be reduced. Follow the
instructions for Form CT-500 to determine the amounts to enter on
your tax return.
General information
This form is for Article 9-A taxpayers who claim multiple credits. It
provides the order in which to apply tax credits and a summary of
tax credits claimed.
Transfer the credit amounts claimed to Form CT-3 or CT-3-A,
whichever is applicable; attach all applicable tax credit forms.
Tax credits under Article 9-A must be deducted in the following
order:
1. Noncarryover credits that are not refundable
2. Empire zone (EZ) and zone equivalent area (ZEA) wage tax
credits
3. Carryover credits of limited duration
4. Carryover credits of unlimited duration
5. Refundable credits (except EZ wage tax credit)
Tax credits allowable under Article 9-A are as follows:
• Minimumtaxcredit(FormCT-38)
• Alternativefuelscredit(FormCT-40)
• Employmentofpersonswithdisabilitiescredit(FormCT-41)
• Specialadditionalmortgagerecordingtaxcredit(FormCT-43)
• Investmenttaxcredit(ITC)forthenancialservicesindustry
(Form CT-44)
• Employmentincentivecredit(EIC)forthenancialservices
industry (Form CT-44)
• ITC(FormCT-46)
• EIC(FormCT-46)
• Rehabilitationexpensesforretailenterprisescredit
 (FormCT-46-ATT)
• Rehabilitationexpensesforhistoricbarnscredit
 (FormCT-46-ATT)
• Farmers’schooltaxcredit(FormCT-47)
• Rehabilitationofhistoricpropertiescredit(FormCT-238)
• Creditfortaxicabsandliveryservicevehiclesaccessibleto
persons with disabilities (Form CT-239)
• Cleanheatingfuelcredit(FormCT-241)
• Conservationeasementtaxcredit(FormCT-242)
• Biofuelproductioncredit(FormCT-243)
• EmpireStatecommercialproductioncredit(FormCT-246)
• EmpireStatelmproductioncredit(FormCT-248)
• Long-termcareinsurancecredit(FormCT-249)
• Debrillatorcredit(FormCT-250)
• Fuelcellelectricgeneratingequipmentcredit
(Form CT-259)
• EmpireStatelmpost-productioncredit(FormCT-261)
• EZwagetaxcredit(FormCT-601)
• ZEAwagetaxcredit(FormCT-601.1)
• EZcapitaltaxcredit(FormCT-602)
• EZ-ITC(FormCT-603)
• EZ-EIC(FormCT-603)
• Qualiedempirezoneenterprise(QEZE)taxreductioncredit
(FormCT-604orFormCT-604-CP)
• QEZErealpropertytaxcredit(FormCT-606or
 FormCT-604-CP)
• EZ-ITCforthenancialservicesindustry(FormCT-605)
• EZ-EICforthenancialservicesindustry(FormCT-605)
• Excelsiorjobsprogramtaxcredit(FormCT-607)
• Browneldredevelopmenttaxcredit(FormsCT-611and
CT-611.1)
• Remediatedbrowneldcreditforrealpropertytaxes
(FormCT-612)
• Environmentalremediationinsurancecredit(FormCT-613)
• Securityofcertrainingtaxcredit(FormCT-631)
• Qualiedemergingtechnologycompany(QETC)facilities,
operations,andtrainingcredit(FormDTF-619)
• QETCemploymentcredit(FormDTF-621)
• QETCcapitalcredit(FormDTF-622)
• Low-incomehousingcredit(FormDTF-624)
• Greenbuildingcredit(FormDTF-630)
• Servicingmortgagescredit(letterofapprovalfromStateof
NewYorkMortgageAgency(SONYMA))
Column A – Credit deducted — In column A, enter the amount of
credit deducted against the tax due for the current tax year.
Column B – Credit refunded —IncolumnB,entertheamountof
credit to be refunded.
Column C – Credit applied as overpayment — In column C, enter
theamountofcreditappliedasanoverpaymenttonextyear’stax.
Line instructions
Section 1 — Nonrefundable/noncarryover credits
Lines 1 through 4 — These credits are not refundable, may not
becarriedforward,andareappliedrstagainstthetaxliability.
The credits on lines 1 through 4 can be deducted in any order you
choose.
Line 4 – Other credits — Enter any other nonrefundable/
noncarryover credits that are not included on lines 1, 2, and 3.
Section 2 — Empire zone (EZ) and zone equivalent
area (ZEA) wage tax credits
Lines 5 through 7 — These credits may not reduce the tax due
belowthegreateroftheminimumtaxableincome(MTI)baseor
thexeddollarminimum.TheEZandZEAwagetaxcreditscanbe
deducted in any order you choose.
TheEZwagetaxcreditisrefundableforcertainqualied
taxpayers.Formoreinformation,seeFormCT-601-I,Instructions
for Form CT-601.
Line 5 – EZ wage tax credit — Enter the amount of the EZ wage
taxcreditdeductedagainstthetaxduefromFormCT-601,Claim
for EZ Wage Tax Credit. If you are requesting a refund, do not
completethisline;instead,completeline6.
Line 6 – Refundable EZ wage tax credit
Column A — Enter the amount of the EZ wage tax credit deducted
againstthetaxduefromFormCT-601,line32.
Column B — EntertheamounttoberefundedfromFormCT-601,
line36b.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-601,line36c.
Page 2 of 4 CT-600-I (2011)
Line 7 – ZEA wage tax credit — Enter the amount of the ZEA
wagetaxcreditdeductedagainstthetaxduefromFormCT-601.1,
Claim for ZEA Wage Tax Credit.
Section 3 — Carryover credits of limited duration
Lines 8 through 12 — These credits may not reduce the tax due
belowthegreateroftheMTIbaseorthexeddollarminimum. Any
amountnotdeductedagainstthecurrentyear’staxmaybecarried
forward 15 years. Qualified new businesses: The ITC for the
nancialservicesindustry(line8),andtheITC,includingtheretail
enterprises and the historic barns credit (line 10), are refundable
fortaxpayerswhoqualifyasnewbusinessesunderTaxLaw,
Article 9-A, section 210.12(j). If you are requesting a refund, do not
completeline8orline10;instead,complete line 31 or 32.
Line 8 – Investment tax credit for the financial services
industry — EntertheamountofITCforthenancialservices
industry deducted against the tax due from Form CT-44, Claim for
Investment Tax Credit for the Financial Services Industry. Qualified
new businesses: Do not complete this line; instead, complete
line 31.
Line 9 – Employment incentive credit for the financial services
industry — EntertheamountofEICforthenancialservices
industry deducted against the tax due from Form CT-44. This credit
is not refundable. Note: Do not include any amount of ITC for the
nancialservicesindustrydeductedagainstthetaxdueonline8
of this form.
Line 10 – Investment tax credit, including retail enterprises and
historic barns credit — Enter the amount of ITC, retail enterprises
credit, or historic barns credit deducted against the tax due from
FormCT-46,Claim for Investment Tax Credit. Qualified new
businesses: Do not complete this line; instead, complete line 32.
Line 11 – Employment incentive credit — Enter the amount of
EICdeductedagainstthetaxduefromFormCT-46,includedon
line16ofthatform.Thiscreditisnotrefundable.Note: Do not
include any amount of ITC, retail enterprises credit, or historic
barns credit deducted against the tax due on line 10 of this form.
Line 12 – Other credits — Enter any other carryover credits of
limiteddurationthatarenotincludedonlines8through11.
Section 4 — Carryover credits of unlimited duration
Lines 13 through 29 — The credits on lines 13 through 29 can
be deducted in any order you choose. Qualified businesses: The
creditsonline16(specialadditionalmortgagerecordingtaxcredit),
line22(EZ-ITC),line23(EZ-EIC),line24(EZ-ITCforthenancial
servicesindustry),andline25(EZ-EICforthenancialservices
industry),arerefundabletocertainqualiedbusinesses.Ifyouare
claiming a refund for these credits, do not complete the applicable
line in this section. Instead, go to Section 5 and complete columns
A,B,andCforeachcreditforwhicharefundisbeingclaimed.
Line 13 – Minimum tax credit — Enter the amount of minimum
taxcreditdeductedagainstthetaxduefromFormCT-38,
Minimum Tax Credit. This credit may only be applied against the
entire net income (ENI) base tax.
Line 14 – Alternative fuels credit — Enter the amount of
alternative fuels credit deducted against the tax due from
Form CT-40, Claim for Alternative Fuels Credit. This credit may not
reducethetaxduebelowthegreateroftheMTIbaseorthexed
dollar minimum.
Line 15 – Employment of persons with disabilities credit
Enter the amount of employment of persons with disabilities credit
deducted against the tax due from Form CT-41, Claim for Credit
for Employment of Persons with Disabilities. This credit may reduce
thetaxduetothexeddollarminimum.
Line 16 – Special additional mortgage recording tax credit
Enter the amount of special additional mortgage recording tax
credit deducted against the tax due from Form CT-43, Claim for
Special Additional Mortgage Recording Tax Credit. This credit may
notreducethetaxduebelowthegreateroftheMTIbaseorthe
xeddollarminimum. Note: Taxpayers requesting a refund in lieu
of credit carryforward do not complete this line. Instead, complete
line 30.
Line 17 – Rehabilitation of historic properties credit — Enter
the amount of rehabilitation of historic properties credit deducted
againstthetaxduefromFormCT-238,Claim for Rehabilitation
of Historic Properties Credit. This credit may not reduce your tax
belowthegreateroftheMTIbaseorthexeddollarminimum.
Line 18 – Credit for taxicabs and livery service vehicles
accessible to persons with disabilities — Enter the credit
deducted against the tax due from Form CT-239, Claim for Credit
for Taxicabs and Livery Service Vehicles Accessible to Persons with
Disabilities. This credit may reduce your tax to zero.
Line 19 – Long-term care insurance credit — Enter the amount
of long-term care insurance credit deducted against the tax due
from Form CT-249, Claim for Long-Term Care Insurance Credit.
This credit may not reduce the tax due below the greater of the
MTIbaseorthexeddollarminimum.
Line 20 – Fuel cell electric generating equipment credit —
Enter the amount of fuel cell electric generating equipment credit
deducted against the tax due from Form CT-259, Claim for Fuel Cell
Electric Generating Equipment Credit. This credit may not reduce
thetaxduebelowthegreateroftheMTIbaseorthexeddollar
minimum.
Line 21 – EZ capital tax credit — Enter the amount of EZ capital
taxcreditdeductedagainstthetaxduefromFormCT-602,Claim
for EZ Capital Tax Credit. This credit may not reduce the tax due
belowthegreateroftheMTIbaseorthexeddollarminimum.
Line 22 – EZ investment tax credit — Enter the amount of
EZ-ITCdeductedagainstthetaxduefromFormCT-603,Claim
for EZ Investment Tax Credit and EZ Employment Incentive Credit.
This credit may not reduce the tax due below the greater of the
MTIbasetaxorthexeddollarminimum. Certain qualified
businesses: If you are requesting a refund, do not complete
this line; instead, complete line 40.
Line 23 – EZ employment incentive credit — Enter the amount
ofEZ-EICdeductedagainstthetaxduefromFormCT-603.This
creditmayreducethetaxduetothexeddollarminimum.Certain
qualified businesses: If you are requesting a refund, do not
complete this line; instead, complete line 41.
Line 24 – EZ investment tax credit for the financial services
industry — EntertheamountofEZ-ITCforthenancialservices
industrydeductedagainstthetaxduefromFormCT-605,Claim for
EZ Investment Tax Credit and EZ Employment Incentive Credit for
the Financial Services Industry. This credit may not reduce the tax
duebelowthegreateroftheMTIbaseorthexeddollarminimum.
Certain qualified businesses: If you are requesting a refund, do
not complete this line; instead, complete line 43.
Line 25 – EZ employment incentive credit for the financial
services industry — EntertheamountofEZ-EICforthenancial
servicesindustrydeductedagainstthetaxduefromFormCT-605.
Thiscreditmayreducethetaxduetothexeddollarminimum.
Certain qualified businesses: If you are requesting a refund, do
not complete this line; instead, complete line 44.
Line 26 – QETC capital tax credit — Enter the amount of
QETCcapitaltaxcreditdeductedagainstthetaxduefrom
FormDTF-622,Claim for QETC Capital Tax Credit. This credit may
notreducethetaxduebelowthegreateroftheMTIbaseorthe
xeddollarminimum.
Line 27 – Low-income housing credit — Enter the amount of
low-income housing credit deducted against the tax due from
FormDTF-624,Claim for Low-Income Housing Credit. This credit
maynotreducethetaxduebelowthegreateroftheMTIbaseor
thexeddollarminimum.
Line 28 – Green building credit — Enter the amount of green
buildingcreditdeductedagainstthetaxduefromFormDTF-630,
Claim for Green Building Credit. This credit may not reduce the tax
duebelowthegreateroftheMTIbaseorthexeddollarminimum.
Line 29 – Other credits — Enter any other carryover credits of
unlimiteddurationthatarenotincludedonlines13through28.
Section 5 — Refundable credits
Lines 30 through 52 — The credits on lines 30 through 52
are credits that are refundable and include refundable credits
forcertainqualiedbusinesses.Theserefundablecredits,
notdeductedagainstthecurrentyear’stax,mayberefunded
CT-600-I (2011) Page 3 of 4
orappliedasanoverpaymentagainstnextyear’stax.These
refundable credits can be deducted in any order you choose.
Line 30 – Special additional mortgage recording tax credit for
residential mortgages only
Taxpayers who qualify for the refundable portion of the credit:
Donotcompleteline16;completethislineinstead.Thespecial
additional mortgage recording tax credit may not reduce the tax
duebelowthegreateroftheMTIbaseorthexeddollarminimum.
Column A — Enter the amount of special additional mortgage
recording tax credit deducted against the tax due from
Form CT-43, line 9.
Column B — Enter the amount to be refunded from Form CT-43,
line 13.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-43,line14.
Line 31 – Investment tax credit for the financial services
industry for certain qualified businesses only — Do not
completeline8;completethislineinstead.TheITCforthenancial
services industry may not reduce the tax due below the greater of
theMTIbaseorthexeddollarminimum.
Column A — EntertheamountofITCforthenancialservices
industry deducted against the tax due from Form CT-44, included
on line 29 of that form. Note: Do not include any amount of EIC
forthenancialservicesindustrydeductedonline9ofthisform
because that credit is not refundable.
Column B — Enter the amount to be refunded from Form CT-44,
line 32.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-44,line33.
Line 32 – Investment tax credit, including retail enterprises
and historic barns credits for new businesses only — Do
not complete line 10; complete this line instead. The ITC, retail
enterprises credit, and historic barns credit may not reduce the tax
duebelowthegreateroftheMTIbaseorthexeddollarminimum.
Column A — Enter the amount of ITC, retail enterprises credit,
and historic barns credit deducted against the tax due from
FormCT-46,includedonline16ofthatform.Note: Do not include
any amount of EIC deducted on line 11 of this form because that
credit is not refundable.
Column B —EntertheamounttoberefundedfromFormCT-46,
line18b.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-46,line18c.
Line 33 – Farmers’ school tax credit
This credit may not reduce the tax due below the greater of the
MTIbaseorthexeddollarminimum.
Column A —Entertheamountoffarmers’schooltaxcredit
deductedagainstthetaxduefromFormCT-47, Claim for Farmers’
School Tax Credit, line27.
Column B — If you are requesting a refund in lieu of a credit
carryforward,entertheamounttoberefundedfromFormCT-47,
line 30.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-47,line31.
Line 34 – Clean heating fuel credit
This credit may not reduce the tax due below the greater of the
MTIbaseorthexeddollarminimum.
Column A — Enter the amount of clean heating fuel credit
deducted against the tax due from Form CT-241, Claim for Clean
Heating Fuel Credit, line 9.
Column B — Enter the amount from Form CT-241, line 11.
Column C — Enter the amount from Form CT-241, line 12.
Line 35 – Conservation easement tax credit
This credit may not reduce the tax due below the greater of the
MTIbaseorthexeddollarminimum.
Column A — Enter the amount of conservation easement tax
credit deducted against the tax due from Form CT-242, Claim for
Conservation Easement Tax Credit, line 10.
Column B — Enter the amount from Form CT-242, line 12.
Column C — Enter the amount from Form CT-242, line 13.
Line 36 – Biofuel production credit
This credit may not reduce the tax due below the greater of the
MTIbaseorthexeddollarminimum.
Column A — Enter the amount of biofuel production credit
deducted against the tax due from Form CT-243, Claim for Biofuel
Production Credit, line 11.
Column B — Enter the amount from Form CT-243, line 13.
Column C — Enter the amount from Form CT-243, line 14.
Line 37 – Empire State commercial production credit
Thiscreditmayreducethetaxduetothexeddollarminimum.
Column A — Enter the amount of Empire State commercial
productioncreditdeductedagainstthetaxduefromFormCT-246,
Claim for Empire State Commercial Production Credit, line 11.
Column B — EntertheamounttoberefundedfromFormCT-246,
line16.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-246,line17.
Line 38 – Empire State film production credit
Thiscreditmayreducethetaxduetothexeddollarminimum.
Column A — EntertheamountofEmpireStatelmproduction
creditdeductedagainstthetaxduefromFormCT-248,Claim for
Empire State Film Production Credit, line 11.
Column B —EntertheamounttoberefundedfromFormCT-248,
line 13.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-248,line14.
Line 39 – Empire State film post-production credit
Thiscreditmayreducethetaxduetothexeddollarminimum.
Column A — EntertheamountofEmpireStatelm
post-production credit deducted against the tax due from
FormCT-261,Claim for Empire State Film Post-Production Credit,
line 11.
Column B —EntertheamounttoberefundedfromFormCT-261,
line16.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-261,line17.
Line 40 – EZ investment tax credit for qualified or new
businesses only — Do not complete line 22; complete this line
instead. The EZ-ITC may not reduce the tax due below the greater
oftheMTIbaseorthexeddollarminimum.
Column A — Enter the amount of EZ-ITC deducted against the tax
duefromFormCT-603, line15,columnB.
Column B —EntertheamounttoberefundedfromFormCT-603,
line 20b.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-603,line20c.
Line 41 – EZ employment incentive credit for certain qualified
businesses only — If you are requesting a refund, do not
complete line 23; complete this line instead. This credit may
reducethetaxtothexeddollarminimum.
Column A — Enter the amount of EZ-EIC deducted against the tax
duefromFormCT-603,line15,columnA.
Column B — EntertheamounttoberefundedfromFormCT-603,
line 25b.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-603,line25c.
Page 4 of 4 CT-600-I (2011)
Line 42 – QEZE credit for real property taxes
This credit may not reduce the tax due below the greater of the
MTIbaseorthexeddollarminimum.
Column A — EntertheamountofQEZEcreditforrealproperty
taxesdeductedagainstthetaxduefromFormCT-604-CP,line7,
orfromFormCT-606,Claim for QEZE Credit for Real Property
Taxes.
Column B — Enter the amount to be refunded from
FormCT-604-CP,line9,orfromFormCT-606.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-604-CP,line10,orfromFormCT-606.
Line 43 – EZ investment tax credit for the financial services
industry for certain qualified businesses only — Do not
complete line 24; complete this line instead. The EZ-ITC for the
nancialservicesindustrymaynotreducethetaxduebelowthe
greateroftheMTIbaseorthexeddollarminimum.
Column A — EntertheamountofEZ-ITCforthenancialservices
industrydeductedagainstthetaxduefromFormCT-605,line27,
columnB.
Column B —EntertheamounttoberefundedfromFormCT-605,
line 33.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-605,line34.
Line 44 – EZ employment incentive credit for the financial
services industry for certain qualified businesses only — If
you are requesting a refund, do not complete line 25; complete
thislineinstead.Thiscreditmayreducethetaxtothexeddollar
minimum.
Column A — EntertheamountofEZ-EICforthenancialservices
industrydeductedagainstthetaxduefromFormCT-605,line37.
Column B — EntertheamounttoberefundedfromFormCT-605,
line 40.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-605,line41.
Line 45 – Excelsior jobs program tax credit
This credit may not reduce the tax due below the greater of the
MTIbaseorthexeddollarminimum.
Column A — Enter the amount of excelsior jobs program tax
creditdeductedagainstthetaxduefromFormCT-607,Claim for
Excelsior Jobs Program Tax Credit, line 25.
Column B — EntertheamounttoberefundedfromFormCT-607,
line27.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-607,line28.
Line 46 – Brownfield redevelopment tax credit
This credit may not reduce the tax due below the greater of the
MTIbaseorthexeddollarminimum.
Column A —Entertheamountofthebrowneldredevelopment
taxcreditdeductedagainstthetaxduefromFormCT-611,Claim
for Brownfield Redevelopment Tax Credit, for Qualified Sites
Accepted into the Brownfield Cleanup Program Prior to June 23,
2008,andFormCT-611.1,Claim for Brownfield Redevelopment
Tax Credit, for Qualified Sites Accepted into the Brownfield
Cleanup Program on or after June 23, 2008, line 24.
Column B —EntertheamounttoberefundedfromFormsCT-611
andCT-611.1,line26.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormsCT-611andCT-611.1,line27.
Line 47 – Remediated brownfield credit for real property taxes
This credit may not reduce the tax due below the greater of the
MTIbaseorthexeddollarminimum.
Column A —Entertheamountoftheremediatedbrowneld
credit for real property taxes deducted against the tax due from
FormCT-612,Claim for Remediated Brownfield Credit for Real
Property Taxes,line17.
Column B —EntertheamounttoberefundedfromFormCT-612,
line 19.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-612,line20.
Line 48 – Environmental remediation insurance credit
This credit may not reduce the tax due below the greater of the
MTIbaseorthexeddollarminimum.
Column A — Enter the amount of the environmental remediation
insurancecreditdeductedagainstthetaxduefromFormCT-613,
Claim for Environmental Remediation Insurance Credit, line 13.
Column B —EntertheamounttoberefundedfromFormCT-613,
line 15.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormCT-613,line16.
Line 49 – Security officer training tax credit
This credit may not reduce the tax due below the greater of the
MTIbaseorthexeddollarminimum.
Column A — Entertheamountofsecurityofcertrainingtaxcredit
deductedagainstthetaxduefromFormCT-631,Claim for Security
Officer Training Tax Credit, line 9.
Column B — EntertheamountfromFormCT-631,line11.
Column C — EntertheamountfromFormCT-631,line12.
Line 50 – QETC facilities, operations, and training credit
This credit may not reduce the tax due below the greater of the
MTIbaseorthexeddollarminimum.
Column A —EntertheamountoftheQETCfacilities,operations,
and training credit deducted against the tax due from
FormDTF-619,Claim for QETC Facilities, Operations, and Training
Credit, line 40.
Column B — Enter the amount to be refunded from
FormDTF-619,line42.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormDTF-619,line43.
Line 51 – QETC employment credit
This credit may not reduce the tax due below the greater of the
MTIbaseorthexeddollarminimum.
Column A —EntertheamountofQETCemploymentcredit
deductedagainstthetaxduefromFormDTF-621,Claim for QETC
Employment Credit, line 29.
Column B — Enter the amount to be refunded from
FormDTF-621,line31.
Column C — Enter the amount applied as an overpayment against
nextyear’staxfromFormDTF-621,line32.
Line 52 – Other credits — Enter any other refundable credits that
are not included on lines 30 through 51.
Section 6 — Total amount of credits deducted,
refunded, or applied as an overpayment
Line 53 – Total credits to be deducted against the tax due
Add the amounts in column A; enter the total here and on
Form CT-3, line 100a, or Form CT-3-A, line 101a.
Line 54 – Total credits to be refunded — Add the amounts in
columnB;enterthetotalhereandonFormCT-3,line99a,or
Form CT-3-A, line 100a.
Line 55 – Total credits applied as an overpayment to next
year’s tax — Add the amounts in column C; enter the total here
and on Form CT-3, line 99b, or Form CT-3-A, line 100b. Include this
overpaymentonnextyear’sreturn.
Line 56 – Total credits that are refund eligible — Add the
amountsincolumnA,lines6,and30through51;enterthetotal
here and on Form CT-3, line 100b, or Form CT-3-A, line 101b.
Need help? and Privacy notification
See Form CT-1, Supplement to Corporation Tax Instructions.

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