Form IT-633 "Economic Transformation and Facility ... 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by marking an X in the box for calendar-year filers or enter your tax period dates. Ensure you have your taxpayer identification number ready.
3. Indicate the tax year of the benefit period by marking the appropriate box (1st through 5th). If applicable, check if you are claiming this credit as a partner, shareholder, or beneficiary.
4. Proceed to Schedule A – Eligibility. Answer questions regarding whether your business qualifies as a new business or if it is located at a closed facility.
5. In Part 2 of Schedule A, compute the average number of net new jobs created. Enter relevant data for each quarter and determine if you meet the minimum job requirement.
6. Complete Schedule B for jobs tax credit component by listing employee details and calculating credit amounts based on gross wages.
7. Continue filling out subsequent schedules for investment and training tax credits, ensuring all calculations align with provided instructions.

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