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Instructions for Form IT-248
for the current year.
Instructions for Form IT-248 Claim for Empire State Film Production Credit - New York
This document contains official instructions for Form IT-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 IT-248 is available for download through this link.
FAQ
Q: What is Form IT-248?
A: Form IT-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 available for eligible film productions that occur in New York.
Q: Who is eligible to claim the Empire State Film Production Credit?
A: Film production companies that meet certain criteria are eligible to claim the credit.
Q: What expenses can be claimed for the Empire State Film Production Credit?
A: Qualifying expenses, such as production costs and certain post-production costs, can be claimed.
Q: How do I complete Form IT-248?
A: Follow the instructions on the form carefully to ensure you provide all the necessary information.
Q: What is the deadline for filing Form IT-248?
A: The deadline for filing Form IT-248 is generally within one year after the end of the tax year in which the eligible expenses were incurred.
Q: Is there a limit to the amount of the tax credit?
A: Yes, there is a statutory limit on the amount of the tax credit that can be claimed.
Q: Are there any additional requirements or considerations for claiming the Empire State Film Production Credit?
A: Yes, there are additional requirements and considerations outlined in the instructions for Form IT-248. It is important to review them carefully.
Instruction Details:
- This 2-page document is available for download in PDF;
- Actual and applicable for this year;
- Complete, printable, and free.
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Download Instructions for Form IT-248 Claim for Empire State Film Production Credit - New York
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