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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-252
for the current year.
Form IT-252 Investment Tax Credit for the Financial Services Industry - New York
What Is Form IT-252?
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-252?
A: Form IT-252 is a tax form for claiming the Investment Tax Credit for the Financial Services Industry in New York.
Q: Who can use Form IT-252?
A: Form IT-252 is specifically for businesses in the financial services industry in New York.
Q: What is the Investment Tax Credit?
A: The Investment Tax Credit is a tax incentive for businesses to encourage investment in certain qualified property.
Q: What is the purpose of Form IT-252?
A: The purpose of Form IT-252 is to calculate and claim the Investment Tax Credit for eligible investments made by financial services businesses in New York.
Q: When is the deadline to file Form IT-252?
A: The deadline to file Form IT-252 is the same as the filing deadline for the business's tax return, usually April 15th.
Q: What information is required on Form IT-252?
A: Form IT-252 requires the business to provide details of the eligible investments made, including the amount of the investment and the qualifying property.
Q: Can multiple financial services businesses file a joint Form IT-252?
A: No, each financial services business must file its own separate Form IT-252.
Q: Are there any limitations or restrictions on the Investment Tax Credit?
A: Yes, there are certain limitations and restrictions on the Investment Tax Credit, including caps on the total amount of credit that can be claimed.
Q: Can the Investment Tax Credit be carried forward or backward?
A: Yes, any unused credit can be carried forward for up to 15 years or backward for up to 3 years.
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-252 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
Download Form IT-252 Investment Tax Credit for the Financial Services Industry - New York
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