It223 2025

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The document outlines the Innovation Hot Spot Deduction (Form IT-223) for qualified entities in New York State, detailing eligibility criteria, tax benefits, and filing instructions. It specifies that qualified entities located in designated innovation hot spots can receive deductions on income or gain attributable to their operations there, along with other tax credits. The form must be submitted with various tax returns and includes specific instructions for individuals and businesses claiming these benefits.

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Versions	Form popularity	Fillable & printable
2023	4.3 Satisfied (53 Votes)
2022	4.2 Satisfied (32 Votes)
2021	4.8 Satisfied (91 Votes)
2020	4.4 Satisfied (117 Votes)

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