Fillable IT-641 Manufacturers Real Property Tax Credit (New York State)

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IT-641 Manufacturers Real Property Tax Credit (New York State)

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641001200094
Department of Taxation and Finance
Manufacturer’s Real Property Tax Credit
Tax Law – Article 22, Section 606(xx)
IT-641
Name(s) as shown on return Identifying number as shown on return
Schedule A – Individual (sole proprietor), partnership, and duciary
Submit this form with Form IT‑201, IT‑203, IT‑204, or IT‑205.
Other lers enter tax period:
beginning
ending
Calendar-year lers, mark an X in the box:
All lers must complete line A.
A Are you claiming this credit as an individual (sole proprietor), partnership, or duciary of an estate or
trust that earned the credit (not as a partner, shareholder, or beneciary, receiving a share of
the credit)?
(mark an X in the appropriate box, see instructions) .................................................................................... Yes No
If Yes:
Individual (sole proprietor) and partnership: Complete
Schedules A and D, and if applicable, Schedule E.
Fiduciary: Complete Schedules A, C, and D, and if applicable,
Schedule E.
If No, complete Schedules B and D, and if applicable,
Schedule E. Fiduciary, also complete Schedule C.
A
Physical address of the real property
(see instructions)
Property
B
Eligible real property
taxes paid for property
listed in column A
1
.00
2
.00
3
.00
4
.00
5
.00
6
.00
7
.00
8
.00
9
.00
.00
Total of column B amounts from additional sheet(s), if any .............................................................................
1 Total eligible real property taxes
(add column B amounts) ...................................................................... 1 .00
2 Tax credit rate ...................................................................................................................................... 2 .20
3 Tax credit
(multiply line 1 by line 2) .......................................................................................................... 3 .00
Individuals and partnerships: Enter the line 3 amount on line 8.
Fiduciaries: Include the line 3 amount on line 5, column A.
641002200094
A
Beneciary’s name
(same as on Form IT-205,
Schedule C)
B
Identifying number
D
Share of credit recapture
.00 .00
.00 .00
.00 .00
.00 .00
.00 .00
Total of columns C and D amounts from additional sheets, if any.........................
.00 .00
6 Total of allocated share to beneciaries ................................................... 6 .00 .00
7 Fiduciary’s share (subtract line 6 from line 5; see instructions) ...................... 7 .00 .00
Schedule C – Beneciary’s and duciary’s share of credit and credit recapture (see instructions)
5 Fiduciary’s total (see instructions) .............................................................. 5 .00 .00
A
Credit
B
Credit recapture
C
Share of credit
Page 2 of 3 IT-641 (2020)
Schedule B – Partner’s, shareholder’s, or beneciary’s share of credit and credit recapture (see instructions)
A
Name of entity
B
Type
C
Employer identication
number
D
Share of credit
E
Share of
credit recapture
Total of columns D and E amounts from additional sheets, if any .........................
4 Total ......................................................................................................... 4
Fiduciaries: Include the line 4, column D amount on line 5, column A and the line 4, column E amount on line 5, column B.
All others: Enter the line 4, column D amount on line 9 and the line 4, column E amount on line 13.
If you were a partner in a partnership, a shareholder of a New York S corporation, or a beneciary of an estate or trust and received a
share of the manufacturer’s real property tax credit from that entity, complete the following information for each partnership,
S corporation, or estate or trust. For Type, enter P for partnership, S for S corporation, or ET for estate or trust.
.00 .00
.00 .00
.00 .00
.00 .00
.00 .00
.00 .00
.00 .00
.00 .00
641003200094
Schedule E – Computation of credit recapture
A
Tax year
credit allowed
B
Credit originally
allowed
C
Reduced eligible real
property taxes
D
Tax credit
rate
E
Column C x column D
F
Credit recapture
(column B - column E)
Total of column F amounts from additional sheets, if any ................................................................................ .00
12 Recaptured credit
(total of column F amounts; Fiduciary: enter here and on line 5, column B) ...................... 12 .00
13 Partner in a partnership, shareholder of an S corporation, or beneciary of an estate or trust:
enter your share of the credit recapture from line 4, column E
(see instructions) ............................. 13 .00
14 Fiduciaries: Enter the amount from line 7, column D ......................................................................... 14 .00
15 Total recaptured credit (see instructions below) ...................................................................................... 15 .00
Individuals
(sole proprietors), partners, S corporation shareholders, and beneciaries
: Add lines 12 and 13. Enter
the line 15 amount and code 641 on Form IT‑201‑ATT, line 20, or Form IT‑203‑ATT, line 19.
Partnerships: Add lines 12 and 13. Enter the line 15 amount and code 641 on Form IT‑204, line 148.
Fiduciaries: Enter the line 14 amount on line 15. Include the line 15 amount on Form IT‑205, line 12.
.00 .00 .20 .00 .00
.00 .00 .20 .00 .00
.00 .00 .20 .00 .00
.00 .00 .20 .00 .00
.00 .00 .20 .00 .00
.00 .00 .20 .00 .00
.00 .00 .20 .00 .00
.00 .00 .20 .00 .00
.00 .00 .20 .00 .00
.00 .00 .20 .00 .00
IT-641 (2020) Page 3 of 3
Schedule D – Computation of credit
Individuals and partnerships
8 Enter the amount from line 3 ........................................................... 8
.00
Partners, S corporation
shareholders, beneciaries 9 Enter the amount from line 4, column D .......................................... 9
.00
Fiduciaries
10 Enter the amount from line 7, column C .......................................... 10
.00
11 Total credit
(see instructions below) ................................................... 11 .00
Individuals: (sole proprietors), partners, S corporation shareholders, and beneciaries: Add lines 8 and 9. Enter the
line 11 amount and code 641 on Form IT‑201‑ATT, line 12, or Form IT‑203‑ATT, line 12.
Partnerships: Add lines 8 and 9. Enter the line 11 amount and code 641 on Form IT‑204, line 147.
Fiduciaries: Enter the amount from line 10 on line 11. Include the amount from line 11 on Form IT‑205, line 33.
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IT-641 Manufacturers Real Property Tax Credit (New York State)

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Completed 25 January 2021

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