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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IT-246
for the current year.
Form IT-246 Claim for Empire State Commercial Production Credit - New York
What Is Form IT-246?
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.
FAQ
Q: What is Form IT-246?
A: Form IT-246 is the Claim for Empire State Commercial Production Credit in New York.
Q: What is the Empire State Commercial Production Credit?
A: The Empire State Commercial Production Credit is a tax credit available to qualified commercial production companies in New York.
Q: Who is eligible to claim the Empire State Commercial Production Credit?
A: Qualified commercial production companies in New York are eligible to claim the Empire State Commercial Production Credit.
Q: What expenses qualify for the Empire State Commercial Production Credit?
A: Expenses related to qualified commercial productions in New York, such as production costs and post-production costs, may qualify for the credit.
Q: How do I claim the Empire State Commercial Production Credit?
A: You can claim the Empire State Commercial Production Credit by filing Form IT-246 with the New York State Department of Taxation and Finance.
Q: Are there any deadlines for claiming the Empire State Commercial Production Credit?
A: Yes, the deadline for claiming the credit is generally within three years from the original due date of the tax return for the year the credit is being claimed.
Q: Are there any supporting documents required to file Form IT-246?
A: Yes, you may be required to submit supporting documents, such as production cost reports or other relevant documentation, along with Form IT-246.
Q: Can I claim the Empire State Commercial Production Credit if I am not a New York resident?
A: No, the credit is specifically available to qualified commercial production companies located in New York.
Q: Is the Empire State Commercial Production Credit refundable?
A: Yes, the credit is refundable, which means that if the credit exceeds the tax liability, the excess can be refunded to the taxpayer.
Form Details:
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form IT-246 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
