This version of the form is not currently in use and is provided for reference only. Download this version of Form CT-648 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. Check the official instructions before completing and submitting the form.
Q: What is Form CT-648?
A: Form CT-648 is the Life Sciences Research and Development Tax Credit form for New York.
Q: What is the Life Sciences Research and Development Tax Credit?
A: The Life Sciences Research and Development Tax Credit is a tax credit offered by New York to incentivize companies engaging in qualified life sciences research and development activities.
Q: Who is eligible to claim the credit?
A: Companies that meet the eligibility requirements set by New York State can claim the Life Sciences Research and Development Tax Credit.
Q: What activities qualify for the credit?
A: Qualified life sciences research and development activities that meet the criteria defined by New York State are eligible for the credit.
Q: How do I complete Form CT-648?
A: To complete Form CT-648, you need to provide relevant information about your company's qualified life sciences research and development activities, compute the credit, and attach supporting documentation.
Q: Is there a deadline to file Form CT-648?
A: Yes, the deadline to file Form CT-648 is usually the same as the deadline for filing the company's corporate tax return.
Q: Can I claim this credit if my company is not based in New York?
A: No, the Life Sciences Research and Development Tax Credit is specifically available to companies engaged in qualified activities within New York State.
Q: What is the purpose of the Life Sciences Research and Development Tax Credit?
A: The purpose of the credit is to foster innovation, research, and development within the life sciences industry in New York State.
Q: Are there any limitations or restrictions on the credit?
A: Yes, there are certain limitations and restrictions on the Life Sciences Research and Development Tax Credit. It is recommended to carefully review the instructions and guidelines provided with Form CT-648.
Form Details:
Download a printable version of Form CT-648 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.