Instructions for Form CT-248 Claim for Empire State Film Production Credit - New York

Form CT-248 Claim for Empire State Film Production Credit - New York

This document contains official instructions for Form CT-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 CT-248 is available for download through this link.

FAQ

Q: What is Form CT-248?
A: Form CT-248 is the claim form for the Empire State Film Production Credit in New York.

Q: What is the Empire State Film Production Credit?
A: The Empire State Film Production Credit is a tax credit in New York that encourages film production in the state.

Q: Who can use Form CT-248?
A: Film production companies and qualified film production facilities can use Form CT-248 to claim the Empire State Film Production Credit.

Q: What information is required on Form CT-248?
A: Form CT-248 requires information such as the taxpayer's name, identification number, and project details.

Q: When is the deadline to file Form CT-248?
A: The deadline to file Form CT-248 is generally within three years from the due date of the original tax return.

Q: Can I claim the Empire State Film Production Credit for multiple projects?
A: Yes, you can claim the credit for multiple projects, but each project requires a separate Form CT-248.

Q: Are there any limitations or restrictions on the credit?
A: Yes, there are certain limitations and restrictions on the Empire State Film Production Credit, such as a cap on the credit amount and requirements regarding qualified expenses.

Q: What supporting documentation do I need to include with Form CT-248?
A: You need to include documentation such as production budgets, invoices, and proof of qualifying expenses with Form CT-248.