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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 CT-223
for the current year.
Form CT-223 Innovation Hot Spot Deduction - New York
What Is Form CT-223?
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. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form CT-223?
A: Form CT-223 is a tax form used in New York to claim the Innovation Hot Spot Deduction.
Q: What is the Innovation Hot Spot Deduction?
A: The Innovation Hot Spot Deduction is a tax incentive in New York that encourages businesses to locate or expand in designated areas.
Q: Who is eligible for the Innovation Hot Spot Deduction?
A: Businesses that are located in or expand into designated innovation hot spots in New York are eligible for the deduction.
Q: How do I claim the Innovation Hot Spot Deduction?
A: To claim the Innovation Hot Spot Deduction, you need to fill out and submit Form CT-223 with your tax return in New York.
Q: What are the benefits of the Innovation Hot Spot Deduction?
A: The Innovation Hot Spot Deduction provides businesses with a tax credit equal to the sum of base employment, new employment, and capital investment components.
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 printable version of Form CT-223 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
Download Form CT-223 Innovation Hot Spot Deduction - New York
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