This version of the form is not currently in use and is provided for reference only. Download this version of Form CT-642 for the current year.
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.
Q: What is Form CT-642?
A: Form CT-642 is the Empire State Musical and Theatrical Production Credit for New York.
Q: What is the purpose of Form CT-642?
A: The purpose of Form CT-642 is to claim the Empire State Musical and Theatrical Production Credit for eligible production companies in New York.
Q: Who is eligible to claim the Empire State Musical and Theatrical Production Credit?
A: Eligible production companies, including film, television, and commercial production companies, are able to claim the Empire State Musical and Theatrical Production Credit.
Q: What expenses are eligible for the Empire State Musical and Theatrical Production Credit?
A: Expenses related to the production of qualified musical and theatrical productions in New York are eligible for the credit.
Q: How much is the Empire State Musical and Theatrical Production Credit?
A: The credit is equal to a percentage of qualified production costs incurred in New York, up to a maximum credit amount.
Q: How do I file Form CT-642?
A: Form CT-642 must be filed with the New York State Department of Taxation and Finance along with the required supporting documentation.
Q: Are there any deadlines for filing Form CT-642?
A: Yes, the form must be filed within the time specified on the form or within the extended due date granted by the Department of Taxation and Finance.
Q: Can the Empire State Musical and Theatrical Production Credit be carried forward or refunded?
A: Yes, any unused credit can be carried forward for up to three years, or it may be eligible for a refund under certain circumstances.
Form Details:
Download a printable version of Form CT-642 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.