Form IT-613I: Instructions for the Environmental Remediation Insurance Credit (Tax Year 2025)

Form IT-613I provides the official instructions from the New York State Department of Taxation and Finance for completing Form IT-613, Claim for Environmental Remediation Insurance Credit. This credit exists to encourage businesses to purchase environmental remediation insurance when they are cleaning up contaminated property, and the instructions walk taxpayers through exactly how to calculate and report that credit on their New York State return for tax year 2025.

The Environmental Remediation Insurance Credit is a niche but valuable benefit for businesses involved in cleaning up qualified sites in New York State. If a taxpayer purchased environmental remediation insurance for a site that qualifies under the state’s brownfield or remediation programs, they may be entitled to a credit equal to a percentage of the premiums paid for that insurance coverage. The IT-613I instructions explain the eligibility rules, define what counts as a qualifying policy, and clarify how the credit interacts with other environmental incentive programs administered by the state.

Who Needs This Form

This form is aimed at businesses and individuals who own or are remediating a contaminated site in New York and who paid for environmental remediation insurance coverage during the tax year. It typically applies to developers, property owners, and companies working on brownfield cleanups who took the extra step of insuring against unexpected remediation costs or liabilities. If your business is already participating in a related program, you may find this credit works alongside other incentives. For example, taxpayers involved in a larger cleanup project often also file for the Brownfield Redevelopment Tax Credit, since both credits can apply to the same qualifying site depending on the scope of the remediation work.

Not every business with an insurance policy qualifies. The instructions are specific about what type of coverage counts, so it’s worth reading through the definitions section carefully before assuming your policy is eligible. The credit is generally tied to a percentage of the premium costs, subject to caps and limitations detailed in the form itself.

When to Use Form IT-613I

You’ll need to reference these instructions when preparing your New York State income tax return for tax year 2025, specifically when filling out Form IT-613 to claim the credit. The instructions clarify how to report the credit if you’re a sole proprietor, a partner in a partnership, a shareholder in an S corporation, or a beneficiary of an estate or trust, since the credit can pass through from these entities to individual taxpayers. If your business structure involves multiple owners, the IT-613I instructions detail how the credit should be allocated among partners or shareholders based on their ownership share.

Businesses that are part of larger economic development efforts in New York sometimes juggle several credit applications during the same filing season. If your project also involves job creation incentives, you might be cross-referencing the Excelsior Jobs Program Tax Credit instructions, and if your remediation work is tied to a facility redevelopment initiative, the Economic Transformation and Facility Redevelopment Program Tax Credit instructions may also be relevant to your overall filing.

How to Get and Complete the Form

Form IT-613I is available directly from the New York State Department of Taxation and Finance website as a PDF. This particular form does not support digital fill-in fields, so you’ll need to print it out and complete it by hand using black ink. Make sure you’re using the version dated for tax year 2025, since the state updates credit percentages, caps, and eligibility language from year to year.

Before filling anything out, read through the full instructions once to understand which lines apply to your situation, particularly if you’re claiming the credit as part of a pass-through entity. Keep documentation of your insurance premiums and remediation project details on hand, since the state may request supporting records if your claim is reviewed. Once completed, Form IT-613 gets attached to your New York State personal income tax or corporation tax return, depending on your business structure.