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Instructions for Form IT-248
for the current year.
Instructions for Form IT-248 Claim for Empire State Film Production Credit - New York
This document contains official instructions for Form IT-248 , Claim for Empire State Film Production Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-248 is available for download through this link.
FAQ
Q: What is Form IT-248?
A: Form IT-248 is the claim form for the Empire State Film Production Credit in New York.
Q: Who can use Form IT-248?
A: Film production companies that qualify for the Empire State Film Production Credit can use Form IT-248.
Q: What is the Empire State Film Production Credit?
A: The Empire State Film Production Credit is a tax credit offered by New York State to encourage and support film production in the state.
Q: How do I fill out Form IT-248?
A: You need to provide information about the film production company, the qualifying production, and the expenses for which you are claiming the credit. The form includes specific instructions for each section.
Q: What documents do I need to attach to Form IT-248?
A: You need to attach copies of the final shooting script, production budget, post-production budget, verification of expenses, and other supporting documentation as specified in the instructions.
Q: When is Form IT-248 due?
A: Form IT-248 is generally due on the same due date as your New York State tax return, which is usually April 15th.
Q: Is there a fee to claim the Empire State Film Production Credit?
A: No, there is no fee to claim the Empire State Film Production Credit.
Q: How long does it take to process a claim for the Empire State Film Production Credit?
A: Processing times vary, but it can take several months for the claim to be processed and for you to receive the credit.
Q: Can I claim the Empire State Film Production Credit for multiple productions?
A: Yes, you can claim the credit for multiple productions, but you need to file a separate Form IT-248 for each production.
Instruction Details:
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