This version of the form is not currently in use and is provided for reference only. Download this version of Form IT-642 for the current year.
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. Check the official instructions before completing and submitting the form.
Q: What is Form IT-642?
A: Form IT-642 is the Empire State Musical and Theatrical Production Credit form.
Q: What is the purpose of Form IT-642?
A: The purpose of Form IT-642 is to claim the Empire State Musical and Theatrical Production Credit in New York.
Q: Who is eligible to use Form IT-642?
A: Eligible taxpayers engaged in qualifying musical and theatrical productions in New York can use Form IT-642.
Q: What is the Empire State Musical and Theatrical Production Credit?
A: The Empire State Musical and Theatrical Production Credit is a tax credit available to qualified production companies that produce or present musical and theatrical performances in New York.
Q: What expenses are eligible for the credit?
A: Expenses related to the production or presentation of a qualified musical or theatrical performance may be eligible for the credit.
Q: How much is the credit?
A: The credit is equal to a percentage of qualified production expenses, up to a maximum amount.
Q: How do I claim the credit?
A: To claim the credit, you must complete and file Form IT-642 with your New York State tax return.
Q: When is Form IT-642 due?
A: Form IT-642 is due on the same date as your New York State tax return, which is usually April 15th, or the extended due date if an extension has been granted.
Q: Is there a fee for filing Form IT-642?
A: No, there is no fee for filing Form IT-642.
Form Details:
Download a fillable version of Form IT-642 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.