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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-261
for the current year.
Form IT-261 Claim for Empire State Film Post-production Credit - New York
What Is Form IT-261?
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-261?A: Form IT-261 is a claim for Empire State Film Post-production Credit in the state of New York.
Q: Who can file Form IT-261?A: Film production companies and post-production houses that have incurred qualifying post-production costs in New York can file Form IT-261.
Q: What is the purpose of Form IT-261?A: The purpose of Form IT-261 is to claim the Empire State Film Post-production Credit, which provides a tax credit for qualifying post-production expenses incurred in the state of New York.
Q: What are qualifying post-production expenses?A: Qualifying post-production expenses include costs related to the editing, sound mixing, special effects, and other post-production activities for eligible films produced in New York.
Q: How much is the Empire State Film Post-production Credit?A: The credit amount is equal to 30% of the qualifying post-production expenses, with a maximum credit amount of $25 million per production.
Q: What are the eligibility requirements for the credit?A: To be eligible for the Empire State Film Post-production Credit, the film production company or post-production house must meet certain criteria, including incurring at least $500,000 in qualifying post-production costs in New York.
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-261 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-261 Claim for Empire State Film Post-production Credit - New York
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