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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-648
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Form IT-648 Life Sciences Research and Development Tax Credit - New York
What Is Form IT-648?
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-648?A: Form IT-648 is a tax form used to claim the Life Sciences Research and Development Tax Credit in 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 the state of New York to incentivize companies engaged in qualified life sciences research and development activities.
Q: Who is eligible to claim this tax credit?A: Companies engaged in qualified life sciences research and development activities in New York may be eligible to claim this tax credit.
Q: What are qualified life sciences research and development activities?A: Qualified life sciences research and development activities refer to activities that involve the discovery, development, and commercialization of innovative products or processes related to human health and disease prevention.
Q: How much is the tax credit?A: The amount of the tax credit is based on a percentage of the qualified research expenses incurred by the taxpayer.
Q: How do I complete Form IT-648?A: To complete Form IT-648, you will need to provide information about your company, qualified research expenses, and any other required documentation as outlined in the instructions.
Q: When is the deadline to file Form IT-648?A: The deadline to file Form IT-648 is typically the same as the deadline for filing your New York state tax return, which is generally April 15th or the following business day.
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-648 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-648 Life Sciences Research and Development Tax Credit - New York
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