Form Ct-641 - Manufacturer'S Real Property Tax Credit Form
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1
2CT-641
Department of Taxation and Finance
Manufacturer’s Real Property Tax Credit
Tax Law – Article 9-A, Section 210-B.43
All filers must enter tax period:
beginning
ending
Legal name of corporation
Employer identification number (EIN)
File this form with Form CT-3, CT-3-A, or CT-3-S.
All filers must complete line A.
A Are you claiming this credit as a corporation that earned the credit (not as a corporate partner that received
a share of the credit from a partnership)?
........................................................... Yes
No
(mark an X in the appropriate box)
C corporations
New York S corporations
If Yes, complete Schedules A and B, and if applicable,
If Yes, complete Schedule A and if applicable, Schedule D.
Schedule D.
If No, and you are claiming this credit as a corporate partner,
complete Schedule A (lines 4, 5, and 6), Schedule C, and if
If No, and you are claiming this credit as a corporate partner,
complete Schedule A (lines 4 through 7), Schedules B and C,
applicable, Schedule D.
and if applicable, Schedule D.
Schedule A – Computation of credit
A
B
Physical address of the real property
Eligible real property
Property
taxes paid for property
listed in column A
1
2
3
4
5
6
7
8
9
10
11
12
Total from additional sheet(s), if any ................................................................................................................
1 Eligible real property taxes
............................................................................
1
(add column B amounts)
2 Tax credit rate (20%) ............................................................................................................................
2
.20
3 Tax credit
3
.........................................................................................................
(multiply line 1 by line 2)
4 Partner: Enter your share of the credit from your partnership(s)
..........
4
(from line 14; see instructions)
5 Add lines 3 and 4
....................................................................
5
(New York S corporations, see instructions)
6 Recapture of credit
.................................................................................
6
(from line 17; see instructions)
7 Total credit computed for the current tax year
...........................................................
7
(see instructions)
Schedule B – Computation of credit used
(New York S corporations do not complete this schedule)
8 Tax due before credits
.................................................................................................
8
(see instructions)
9 Tax credits claimed before this credit
........................................................................
9
(see instructions)
10 Net tax
........................................................................................................... 10
(subtract line 9 from line 8)
11 Tax limitation ........................................................................................................................................ 11
25 00
12 Credit limitation
...............................
12
(subtract line 11 from line 10; if line 11 is greater than line 10, enter 0)
13 Credit used for the current tax year
...
13
(enter the lesser of line 7 or line 12 here and on your franchise tax return)
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