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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-223
for the current year.
Form IT-223 Innovation Hot Spot Deduction - New York
What Is Form IT-223?
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.
FAQ
Q: What is Form IT-223?
A: Form IT-223 is a tax form for claiming the Innovation Hot Spot Deduction in New York.
Q: What is the Innovation Hot Spot Deduction?
A: The Innovation Hot Spot Deduction is a tax benefit in New York that allows eligible businesses to claim a deduction for qualified research expenses.
Q: Who is eligible to claim the Innovation Hot Spot Deduction?
A: Eligible businesses include qualified emerging technology companies and certified venture capital companies.
Q: What are qualified research expenses?
A: Qualified research expenses include expenses for research and development activities conducted within a designated Innovation Hot Spot area.
Q: What is a designated Innovation Hot Spot area?
A: A designated Innovation Hot Spot area is a geographic area in New York that has been identified as having a concentration of research and development activities.
Q: How do I file Form IT-223?
A: Form IT-223 should be filed with your New York state income tax return.
Q: Are there any deadlines for filing Form IT-223?
A: Yes, Form IT-223 must be filed by the due date of your New York state income tax return, including any extensions.
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-223 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-223 Innovation Hot Spot Deduction - New York
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