Certificate of Capital Improvement
Certificate of Capital Improvement
Who Needs to Complete This Form?
If you are a property owner or tenant hiring a contractor to perform work that qualifies as a capital improvement to your real property in New York State, you are required to complete and sign Form ST-124.
A capital improvement is an addition or alteration to real property that:
- Substantially adds to the value of the property or appreciably prolongs its useful life
- Becomes part of the real property or is permanently affixed so that removal would cause material damage
- Is intended to become a permanent installation
Common examples include new roofing, HVAC installation, plumbing or electrical work, additions, and permanent fixtures. All three conditions above must be met for the work to qualify.
Important:
This certificate cannot be used to purchase building materials exempt from tax. Both the customer and contractor must sign the completed form. The contractor is required to keep the original on file.
How to Submit Your Certificate
Click the button below to download the blank NYS ST-124 Certificate of Capital Improvement form.
Fill in all required fields including contractor and customer information, description of the capital improvement, project address, and the certification checkboxes. Both the customer and contractor must sign and date the form. The certificate is not valid unless all entries are completed.
Once signed, scan the completed form or save it as a PDF. We accept .pdf, .doc, and .docx files up to 25MB.
Use the form below to submit your completed certificate along with your contact information.
CONTACT US TODAY
Contact Faztec Industries today at 718-494-1600 and let us help with your next project, big or small.
For Roll Off, Press 1 or Dial extension 304 for "Joe C."
