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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-238
for the current year.
Form IT-238 Claim for Rehabilitation of Historic Properties Credit - New York
What Is Form IT-238?
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-238?A: Form IT-238 is the Claim for Rehabilitation of Historic Properties Credit for the state of New York.
Q: What is the purpose of Form IT-238?A: The purpose of Form IT-238 is to claim a tax credit for the rehabilitation of historic properties in the state of New York.
Q: Who is eligible to file Form IT-238?A: Property owners who have made qualified expenditures for the rehabilitation of historic properties in New York are eligible to file Form IT-238.
Q: What expenses can be claimed on Form IT-238?A: Qualified expenditures for the rehabilitation of historic properties, such as expenses for construction, labor, materials, and architectural fees, can be claimed on Form IT-238.
Q: How much is the tax credit for rehabilitation of historic properties?A: The tax credit for rehabilitation of historic properties in New York is equal to 20% of the qualified expenditures made.
Q: Are there any limitations on the tax credit?A: Yes, the tax credit is subject to certain limitations, including the availability of credits, the amount of credit claimed in a year, and the overall program cap.
Q: When should Form IT-238 be filed?A: Form IT-238 should be filed along with the taxpayer's annual income tax return for the year in which the qualified expenditures were made.
Q: Is there a deadline for filing Form IT-238?A: Yes, Form IT-238 must be filed within three years from the due date of the original income tax return for the year in which the qualified expenditures were made.
Q: Is there a fee for filing Form IT-238?A: No, there is no fee for filing Form IT-238.
Form Details:
- The latest edition provided by the New York State Department of Taxation and Finance;
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- Fill out the form in our online filing application.
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Download Form IT-238 Claim for Rehabilitation of Historic Properties Credit - New York
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