This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form IT-603 for the current year.
This document contains official instructions for Form IT-603 , Claim for Ez Employment Incentive Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-603 is available for download through this link.
Q: What is Form IT-603?
A: Form IT-603 is a form used to claim the Ez Investment Tax Credit and Ez Employment Incentive Credit in New York.
Q: What are the Ez Investment Tax Credit and Ez Employment Incentive Credit?
A: The Ez Investment Tax Credit is a tax credit for businesses that make qualified investments in certain areas of New York. The Ez Employment Incentive Credit is a tax credit for businesses that create and maintain new jobs in certain areas of New York.
Q: Who can file Form IT-603?
A: Businesses that meet the eligibility requirements for the Ez Investment Tax Credit and Ez Employment Incentive Credit can file Form IT-603.
Q: What are the eligibility requirements for the Ez Investment Tax Credit?
A: To be eligible for the Ez Investment Tax Credit, a business must make qualified investments in certain areas of New York and meet specific job creation or retention requirements.
Q: What are the eligibility requirements for the Ez Employment Incentive Credit?
A: To be eligible for the Ez Employment Incentive Credit, a business must create and maintain new jobs in certain areas of New York and meet specific wage and benefit requirements.
Q: Is there a deadline for filing Form IT-603?
A: Yes, Form IT-603 must be filed by the due date of the business's tax return for the taxable year in which the credit is being claimed.
Q: Are supporting documents required to be filed with Form IT-603?
A: Yes, supporting documents such as receipts, invoices, and employment records may be required to be filed with Form IT-603 to substantiate the claimed credits.
Instruction Details:
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