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New York Tax Form 622: Claim for QETC Capital Tax Credit

Use the New York Tax Form Calculator New York Tax Form 622: Claim for QETC Capital Tax Credit as a stand alone tax form calculator to quickly calculate specific amounts for your 2018 New York state tax return. New York Tax Form 622: Claim for QETC Capital Tax Credit is also integrated into our comprehensive New York State Tax Calculator where you can complete and save your calculations for later use. Alternatively you can use one of our Combined Federal and New York State Tax Estimator to quickly calculate your salary, tax and take home pay in New York.

Claim for QETC Capital Tax Credit
File this form with corporation franchise tax return Form CT-3, CT-3-A, CT-3-S, or personal income tax return Form IT-201, IT-203, IT-204, or IT-205.
A


Schedule A – Computation of credit
Part 1 – Computation of credit for qualified investments to be held four years (Attach additional sheets if necessary.)
A
Name of certified QETC
B
EIN
C
Date of investment
D
Amount of investment
11
22
33
Part 2 – Computation of credit for qualified investments to be held nine years (Attach additional sheets if necessary.)
A
Name of certified QETC
B
EIN
C
Date of investment
D
Amount of investment
44
55
66
Schedule B – Limitations of QETC capital tax credit
Part 1 – Fifty percent limitation
77
88
Part 2 – $150000/$300000 limitation
A – Qualified investments to be held at least 4 yearsB – Qualified investments to be held at least 9 years
9Limitation per section 210-B.899
10Limitations per section 606(r) (see instructions)109
11QETC capital tax credit previously allowed, less any previous recapture119
12QETC capital tax credit still allowable (subtract line 11 from line 9 or line 10)129
13QETC capital tax credit allowable this year (see instructions)139
14Total QETC capital tax credit available this year (add line 13, columns A and B)14
Part 3 – Credit limitation
1515
1616
1717
1818
1919
Schedule C – Recapture of credit (see instructions)
Part 1 – Recapture of credit for qualified investments to be held four years (Attach additional sheets if necessary.)
A
Tax year QETC capital tax credit originally allowed
B
Amount of QETC capital tax credit originally allowed
C
Recapture percentage
(see instructions)
D
Recapture of credit
(column B × column C)
%
%
2020
Part 2 – Recapture of credit for qualified investments to be held nine years (Attach additional sheets if necessary.)
A
Tax year QETC capital tax credit originally allowed
B
Amount of QETC capital tax credit originally allowed
C
Recapture percentage
(see instructions)
D
Recapture of credit
(column B × column C)
%
%
2121
2222
Schedule D – Computation of QETC capital tax credit and carryover
2323
2424
2525
2626
2727
2828
2929
3030

Tip: use the New York Tax Calculator to edit your refundable and non-refundable tax credits including New York Tax Form 622: Claim for QETC Capital Tax Credit. Complete, Calculate, print and or save your tax calculation for later use.

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New York State tax calculators: Online Claim for QETC Capital Tax Credit, complete, calculate, print or save for later use. New York Tax Form Calculator