Recordkeeping: remediated brownfield credit for real property taxes
When claiming this credit, you must keep the following required documentation for your records:
- Brownfield Cleanup Agreement
- Certificate of Completion
- If the property or Certification of Completion was transferred, provide a copy of the purchase agreement and notifications of the transfer to the Department of Environmental Conservation (DEC). Visit DEC at Initial Notice and Transfer of Certificate of Completion.
- copies of all property tax bills
- copies of canceled checks or other supporting documentation as proof of payment
- PILOT agreements, if applicable (along with limitation computation and supporting documentation)
- employee information for the developer and lessees (including names, Social Security numbers, and numbers of hours worked per quarter)
- organizational chart that includes entity names, identification numbers, and percentage of ownership
Note: We may require additional information based on the specific facts of your credit claim.
To claim the credit, you’ll need to file either:
- Form CT-612, Claim for Remediated Brownfield Credit For Real Property Taxes, if you’re a corporation; or
- Form IT-612, Claim for Remediated Brownfield Credit For Real Property Taxes, if you’re not a corporation.
See Remediated brownfield credit for real property taxes for detailed information about the credit and to access the credit forms.