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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-248
for the current year.
Form CT-248 Claim for Empire State Film Production Credit - New York
What Is Form CT-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 CT-248?
A: Form CT-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 available to qualified film production companies in New York.
Q: Who can claim the Empire State Film Production Credit?
A: Qualified film production companies that meet certain criteria can claim the Empire State Film Production Credit.
Q: What is the purpose of Form CT-248?
A: Form CT-248 is used to claim the Empire State Film Production Credit and provide the necessary information to support the claim.
Q: Are there any deadlines for filing Form CT-248?
A: Yes, the deadline for filing Form CT-248 is generally within three years from the original due date of the tax return for the taxable year the credit is being claimed.
Q: What supporting documents are required for Form CT-248?
A: Supporting documents such as copies of contracts, payroll records, and production schedules may be required to be submitted with Form CT-248.
Q: Can the Empire State Film Production Credit be carried forward?
A: Yes, any unused credit can be carried forward for up to five taxable years.
Q: Is there a maximum amount of credit that can be claimed?
A: Yes, the maximum amount of credit that can be claimed in any taxable year is generally $420 million.
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-248 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
