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Instructions for Form IT-252
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Instructions for Form IT-252 Investment Tax Credit for the Financial Services Industry - New York
This document contains official instructions for Form IT-252 , Investment Tax Credit for the Financial Services Industry - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-252 is available for download through this link.
FAQ
Q: What is Form IT-252?
A: Form IT-252 is a tax form specific to the Financial Services Industry in New York.
Q: Who needs to file Form IT-252?
A: Businesses in the Financial Services Industry in New York who are claiming the Investment Tax Credit.
Q: What is the Investment Tax Credit?
A: The Investment Tax Credit is a tax incentive that allows businesses to reduce their tax liability based on their eligible investments.
Q: What is the Financial Services Industry?
A: The Financial Services Industry includes companies that provide financial services such as banking, insurance, securities, and investment management.
Q: What are eligible investments for the Investment Tax Credit?
A: Eligible investments for the Investment Tax Credit include qualified property, qualified research expenses, and certified film production costs.
Q: How do I calculate the Investment Tax Credit?
A: The Investment Tax Credit is calculated by multiplying the eligible investment by the prescribed credit rate.
Q: When is Form IT-252 due?
A: Form IT-252 is generally due by the fifteenth day of the fourth month following the close of the tax year.
Instruction Details:
- This 3-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
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