This version of the form is not currently in use and is provided for reference only. Download this version of Form IT-638 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-638?
A: Form IT-638 is a tax form in New York used to claim the Start-Up NY Tax Elimination Credit.
Q: What is the Start-Up NY Tax Elimination Credit?
A: The Start-Up NY Tax Elimination Credit is a tax credit in New York that provides eligible businesses with relief from certain state taxes.
Q: Who is eligible to claim the Start-Up NY Tax Elimination Credit?
A: Eligible businesses that are participating in the Start-Up NY program may claim the tax credit.
Q: What is the Start-Up NY program?
A: The Start-Up NY program is an initiative in New York that allows businesses to operate tax-free for a certain period of time.
Q: What taxes does the Start-Up NY Tax Elimination Credit eliminate?
A: The Start-Up NY Tax Elimination Credit can eliminate certain state taxes, including corporate income tax, sales tax, and property tax.
Q: How can businesses claim the Start-Up NY Tax Elimination Credit?
A: Businesses can claim the Start-Up NY Tax Elimination Credit by filing Form IT-638 with the New York State Department of Taxation and Finance.
Q: Are there any deadlines for claiming the Start-Up NY Tax Elimination Credit?
A: Yes, businesses must file Form IT-638 within three years from the end of the tax year in which the eligible business operations began.
Form Details:
Download a fillable version of Form IT-638 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.