Source: http://www.docstoc.com/docs/6200519/New-York-State-Department-of-Taxation-and-Finance-Claim
Timestamp: 2013-12-18 11:15:40
Document Index: 14363938

Matched Legal Cases: ['art 1', 'art 2', 'art 3', 'art 2', 'art 3', 'art 1', 'art 1', 'art 1', 'art 2', 'art 1', 'art 3', 'art 1', 'art 2', 'art 3', 'art 2', 'art 3']

New York State Department of Taxation and Finance Claim
Claim for Empire State Film Production Credit                                                                                       IT-248
Tax Law — Section 24, Section 606(gg)
File this form with your personal income tax return, Form IT-201, IT-203, IT-204, or IT-205.
Name(s) as shown on return                                                                                                                    Taxpayer identiﬁcation number
Part 1 — Computation of credit
1 Empire State ﬁlm production credit (attach a copy of the certiﬁcate(s) of tax credit from the
Governor’s Ofﬁce for Motion Picture and Television Development) ...................................................... 1.
2 Partner, shareholder, beneﬁciary share of credit from Part 2, line 17 .......................................... 2.
3 Add lines 1 and 2.......................................................................................................................... 3.
4 Fiduciary: Enter the credit allocated to beneﬁciaries from Part 3, column C ............................... 4.
5 Total Empire State ﬁlm production credit (subtract line 4 from line 3) ............................................... 5.
Partnerships — Enter the line 5 amount on Form IT-204, line 24.
All others — Continue with line 6.
6 Enter amount from Form IT-201, line 39; Form IT-203, line 46; or Form IT-205, line 8 if a
resident, or line 9 if a nonresident or part-year resident ........................................................... 6.
7 Enter amount from Form IT-201-ATT, line 21; Form IT-203-ATT, line 20; or Form IT-205, line 12 .... 7.
8 Add lines 6 and 7.......................................................................................................................... 8.
9 Other credits (see instructions) ....................................................................................................... 9.
10 Subtract line 9 from line 8............................................................................................................. 10.
11 Nonrefundable portion of credit — Enter the amount from line 5 or line 10, whichever is less:                                               11.
Individuals — Enter the line 11 amount and code 248 on Form IT-201-ATT, line 6,
or Form IT-203-ATT, line 7.
Fiduciaries — Include the line 11 amount on Form IT-205, line 10.
12 Subtract line 11 from line 5 (see instructions) .................................................................................         12.
13 Multiply line 12 by 50% (.5) .........................................................................................................    13.
14 Prior-year carryover from 2004 Form IT-248, line 14 ...................................................................                   14.
15 Refundable portion of credit (add lines 13 and 14)........................................................................                15.
Individuals — Enter the line 15 amount and code 248 on Form IT-201-ATT, line 12,
or Form IT-203-ATT, line 12.
Fiduciaries — Include the line 15 amount on Form IT-205, line 33.
16 Subtract line 13 from line 12. This is the amount of credit to be carried forward to next year ....                                       16.
Part 2 — Partnership, New York S corporation, and estate and trust information
For Type, enter P for partnership, S for S corporation, or ET for estate or trust (attach additional sheets if necessary).
A — Name of entity                                      B — Type          C — Employer identiﬁcation number                     D — Share of credit
17 Total (Add amounts in column D; include amounts from attached sheets. Enter here and on line 2 above.) .. 17.
Part 3 — Beneﬁciary’s and ﬁduciary’s share of Empire State ﬁlm production credit
A — Beneﬁciary’s name (same as on Form IT-205, Schedule C)                                      B — Identifying number                          C — Share of credit
Please ﬁle this original scannable
2481050094                                         credit form with the Tax Department.
IT-248 (2005) (back)
Also see the instructions for the above returns for the Privacy
For 2005, this form is not eligible for e-ﬁle. If you
notiﬁcation or if you Need help in contacting the Tax Department.
are attaching this form to your return, you must
ﬁle on paper.
General information                                                     Individuals (including sole proprietors): Complete Part 1, lines
For tax years beginning on or after January 1, 2004, Tax Law            1 through 16. Partnerships: Complete Part 1, lines 1 through 5.
sections 24 and 606(gg) provide for tax credits for the ﬁlm and         Partners in a partnership, shareholders of a New York S
television production industry. The Empire State ﬁlm production         corporation, and beneﬁciaries of an estate or trust: Complete
credit (also referred to as the ﬁlm production credit) is available     Part 1, lines 1 through 16 and Part 2. Fiduciaries: Complete
to taxpayers subject to tax under Article 22 (personal income           Part 1, lines 1 through 16, and Part 3. An estate or trust that
tax) or Article 9-A (general business corporations). Form IT-248        divides the credit among itself and its beneﬁciaries must attach
is for taxpayers subject to tax under Article 22. Those subject to      Form IT-248 to Form IT-205, showing each beneﬁciary’s share of
tax under Article 9-A (including New York S corporations), should       credit.
complete Form CT-248, Claim for Empire State Film Production
Credit.                                                                 Part 1 — Computation of credit
Line 1 – Obtain this amount from the certiﬁcate of tax credit
The credit is equal to 10% of the qualiﬁed production costs             issued by the Governor’s Ofﬁce for Motion Picture and Television
paid or incurred in the production of certain qualiﬁed ﬁlms and         Development. Attach a copy of the certiﬁcate to Form IT-248.
television shows. If the amount of the credit allowable for any tax     If you have more than one certiﬁcate, include the total from all
year exceeds the tax for that year, 50% of the excess is treated        certiﬁcates on line 1 and attach copies of all certiﬁcates.
as an overpayment to be credited or refunded. No interest will
be paid on the refund. The remaining excess may be carried              Line 2 – Partners, shareholders, and beneﬁciaries: Enter the
over to the following tax year and may be deducted from the tax         amount from Part 2, line 17.
in that year. Any excess after application in the succeeding year       Line 4 – Fiduciary: Enter the amount of credit that was allocated
is treated as an overpayment to be credited or refunded. No             to beneﬁciaries in Part 3, Column C.
interest will be paid on the refund.                                    Line 9 – Enter the amount of other credits from the applicable
If the ﬁlm production credit is claimed for qualiﬁed production         form:
costs, no other income tax credit may be claimed for those costs.       • Individuals — Enter the amount from Form IT-201, line 43, or,
The amount of credit allowed for the current tax year is allocated         Form IT-203, line 47, before any Empire State ﬁlm production
by the New York State Governor’s Ofﬁce for Motion Picture and              credit.
Television Development. Attach a copy of your certiﬁcate of             • Fiduciaries — Enter the amount from Form IT-205, line 10,
tax credit from this ofﬁce for the credit allowed. For rules               before any Empire State ﬁlm production credit.
and regulations regarding the credit, contact the New York State        Line 11 – Enter the amount from line 5 or line 10, whichever is
Governor’s Ofﬁce for Motion Picture and Television Development          less. This is your nonrefundable portion of the Empire State ﬁlm
at nyﬁlm@empire.state.ny.us or call (212) 803-2330.                     production credit. Transfer this amount to the applicable form as
shown below line 11.
Line 12 – If zero, and you have no prior-year carryover, stop; you
After receiving a certiﬁcate of tax credit from the New York            do not have any refundable credit or credit to be carried forward
State Governor’s Ofﬁce for Motion Picture and Television                to next year.
Development, the following taxpayers, subject to tax under
Article 22, are eligible to claim the ﬁlm production credit by ﬁling    Line 16 – Subtract line 13 from line 12. This is the amount of
Form IT-248:                                                            credit to be carried forward to next year. You will need this ﬁgure
to complete your 2006 Form IT-248.
— individuals (including sole proprietors);
— ﬁduciaries of estates and trusts;                                     Part 2 — Partnership, New York S corporation, and estate
and trust information
— partners in a partnership (including members of an LLC if the
LLC is treated as a partnership for federal tax purposes);           Enter the appropriate information for each partnership,
S corporation, or estate or trust for which you received a share
— shareholders of a New York S corporation; and                         of the Empire State ﬁlm production credit. If you need more
— beneﬁciaries of an estate or trust.                                   space, attach a separate schedule.
Taxpayers subject to tax under Article 9-A must complete                Part 3 — Beneﬁciary’s and ﬁduciary’s share of Empire
Form CT-248, Claim for Empire State Film Production credit.             State ﬁlm production credit
If an estate or trust allocates or assigns the credit to its
Filling in your tax forms                                               beneﬁciaries, base the division on each beneﬁciary’s
For complete information on how to ﬁll in New York State                proportionate share of the income of the estate or trust.
scannable income tax forms, see the instructions for:
• resident returns (Forms IT-150 and IT-201),
• nonresident and part-year resident return (Form IT-203),
• partnership return (Form IT-204), or
• ﬁduciary return (Form IT-205).
2482050094                               credit form with the Tax Department.
ColeBer Categories:
New York State Department of Taxation and Finance Claim, New York State, New York, the New York, New York City, New York State Office, David A. Paterson, Local Government, State of New York, New Yorkers
new york state department of taxation STATE OF NEW YORK DEPARTMENT OF TAXATION AND FINANCE COMMISSIONER OF TAXATION State Spreadsheet - The New York State Department of Taxation and RFP Glossary The New York State Department of Taxation and
Schedule of Events The New York State Department of Taxation
New York State Department of Taxation Finance
New York State Department of Taxation and Finance New RTF - New York State Department of Taxation and Finance.rtf
Notice N-11-8 - The New York State Department of Taxation and STATE OF NEW YORK DEPARTMENT OF TAXATION AND FINANCE New York State Department of Taxation and Finance Taxpayer
OTHER DOCS BY ColeBer
Embargoed until September INCISIVE MEDIA PLC INTERIM RESULTS FOR
Hills of Bear Creek Home Owner s Association Gary
Best time for Sep Name Mel Nicholas Elke Davis
June ERA EUROPE SELF REGULATION PROGRAMME QUESTIONNAIRE For all
THE CHAMBER NOTES January Elizabeth St Box Okotoks AB
South Santa Rosa Utility System ANNUAL WATER QUALITY REPORT
Global History Regents Review Schedule for 2005
September Dr Joan Johnson Freese Naval War College Before