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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-248
for the current year.
Form IT-248 Claim for Empire State Film Production Credit - New York
What Is Form IT-248?
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-248?
A: Form IT-248 is the Claim for Empire State FilmProduction Credit in New York.
Q: What is the Empire StateFilm Production Credit?
A: The Empire State Film Production Credit is a tax credit available to qualified film production companies in New York.
Q: Who can file Form IT-248?
A: Qualified film production companies in New York can file Form IT-248.
Q: What is the purpose of Form IT-248?
A: The purpose of Form IT-248 is to claim the Empire State Film Production Credit.
Q: What information is required on Form IT-248?
A: Form IT-248 requires information about the film production company, the production project, and the expenses incurred.
Q: When is Form IT-248 due?
A: Form IT-248 is generally due on the same date as the New York business tax return, which is generally March 15th for calendar year filers.
Q: Are there any specific eligibility requirements for the Empire State Film Production Credit?
A: Yes, there are specific eligibility requirements for the Empire State Film Production Credit, including minimum spending thresholds and production criteria.
Q: Is there a limit to the amount of credit that can be claimed?
A: Yes, there is a limit to the amount of credit that can be claimed, which is based on eligible production costs and other factors.
Q: Can the Empire State Film Production Credit be carried forward or refunded?
A: Yes, any unused credit can be carried forward for up to 5 years or refunded in certain circumstances.
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-248 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
