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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 IT-648
for the current year.
Form IT-648 Life Sciences Research and Development Tax Credit - New York
What Is Form IT-648?
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 IT-648?
A: Form IT-648 is the Life Sciences Research and Development Tax Credit form in New York.
Q: Who can use Form IT-648?
A: The form is used by businesses in New York that are engaged in life sciences research and development.
Q: What is the purpose of Form IT-648?
A: The form is used to claim the Life Sciences Research and Development Tax Credit in New York.
Q: What is the Life Sciences Research and Development Tax Credit?
A: It is a tax credit available to businesses in New York that perform qualified life sciences research and development activities.
Q: What activities qualify for the credit?
A: Qualified activities include conducting research, development, and testing in the life sciences field.
Q: How much is the tax credit?
A: The credit is generally 15% of eligible costs and expenses incurred in qualified research and development activities.
Q: Are there any limitations or requirements to claim the credit?
A: Yes, there are various limitations and requirements, such as minimum spending thresholds and certification requirements.
Q: What information is needed to complete Form IT-648?
A: The form requires information about the business, its activities, and the eligible costs and expenses.
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 fillable version of Form IT-648 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
Download Form IT-648 Life Sciences Research and Development Tax Credit - New York
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