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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 provided by New York State to encourage film production in the state.
Q: Who is eligible to claim the Empire State Film Production Credit?
A: Film production companies that meet certain criteria are eligible to claim the credit.
Q: How do I fill out Form IT-248?
A: You can fill out Form IT-248 by providing the necessary information about your film production and calculating the credit amount.
Q: What documentation do I need to support my claim?
A: You will need to provide documentation such as production schedules, budgets, and expenditures to support your claim.
Q: When is the deadline to file Form IT-248?
A: The deadline to file Form IT-248 is generally the same as the deadline for filing your New York State income tax return.
Q: Is the Empire State Film Production Credit refundable?
A: No, the Empire State Film Production Credit is not refundable. However, any unused credit can be carried forward for up to five years.
Q: Are there any limitations or restrictions on the credit?
A: Yes, there are limitations and restrictions on the credit, such as a cap on the amount of credit that can be claimed per production and certain qualified production expenses.
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.
