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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-607
for the current year.
Form IT-607 Claim for Excelsior Jobs Program Tax Credit - New York
What Is Form IT-607?
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-607?
A: Form IT-607 is a tax form used to claim the Excelsior Jobs Program Tax Credit in the state of New York.
Q: What is the Excelsior Jobs Program?
A: The Excelsior Jobs Program is a tax incentive program in New York that provides tax credits to businesses that create new jobs or make significant investments in the state.
Q: Who is eligible for the Excelsior Jobs Program Tax Credit?
A: Businesses in New York that create new jobs or make significant investments in the state may be eligible for the Excelsior Jobs Program Tax Credit.
Q: What is the purpose of the Excelsior Jobs Program Tax Credit?
A: The purpose of the Excelsior Jobs Program Tax Credit is to incentivize businesses to create jobs and invest in the state of New York.
Q: How do I claim the Excelsior Jobs Program Tax Credit?
A: To claim the Excelsior Jobs Program Tax Credit, you must complete and file Form IT-607 with the New York State Department of Taxation and Finance.
Q: What information do I need to complete Form IT-607?
A: To complete Form IT-607, you will need information about the jobs created or investments made by your business in New York.
Q: Are there any deadlines for filing Form IT-607?
A: Yes, there are specific deadlines for filing Form IT-607. You should check with the New York State Department of Taxation and Finance for the current year's deadline.
Q: Is there a limit to the amount of tax credits that can be claimed through the Excelsior Jobs Program?
A: Yes, there are limits to the amount of tax credits that can be claimed through the Excelsior Jobs Program. The specific limits depend on various factors, such as the number of new jobs created and the level of investment.
Q: Can I claim the Excelsior Jobs Program Tax Credit if I am a sole proprietor?
A: The Excelsior Jobs Program Tax Credit is generally available to businesses, so if you are a sole proprietor, you may be eligible. However, it's best to consult with a tax professional or the New York State Department of Taxation and Finance for specific guidance.
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-607 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-607 Claim for Excelsior Jobs Program Tax Credit - New York
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