New York Claim for Empire State Commercial Production Credit

Claim for Empire State Commercial Production Credit
Form CT-246 Claim for Empire State Commercial Production Credit Tax Year 2024
CT-246

Department of Taxation and Finance

Claim for Empire State Commercial
Production Credit
Tax Law – Sections 28 and 210-B.23

All filers must enter tax period:
beginning
	Legal name of corporation	

ending
Employer identification number (EIN)

File this form with Form CT-3, CT-3-A, or CT-3-S. You must also submit a copy of your certificate of tax credit.
A	 If you are claiming this credit as a corporate partner, mark an X in the box .................................................................................... 	
B	 Certificate number (from your certificate of tax credit) ...............................................................................
C	 Completion year (from your certificate of tax credit) ...........................................................................................................

Part 1: Calculation of commercial production credit available for use (see instructions)
	 1	 Enter the amount of commercial production credit (see instructions) .................................................... 	
	2	 Commercial production credit from partnership(s) (from line 18).......................................................... 	
	 3	 Add lines 1 and 2 (New York S corporations see instructions) .................................................................. 	
	4	 Unused commercial production credit carried over from the previous tax year ................................. 	
	5	 Total commercial production credit available in the current tax year (add lines 3 and 4) ....................... 	

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Part 2: Calculation of commercial production credit used, refunded, and carried forward (see instructions;

New York S corporations do not complete this part)
	 6	 Tax due before credits (see instructions) .................................................................................................	
	7	 Tax credits claimed before the commercial production credit (if none, enter 0; see instructions) ............. 	
	 8	 Tax after application of all other credits (subtract line 7 from line 6) ..........................................................	
	9	 Fixed dollar minimum tax (see instructions) .............................................................................................	
	10	 Limitation on commercial production credit to be used this period (subtract line 9 from line 8; if line 8
		  is less than line 9, enter 0) ................................................................................................................... . 	
	11	 Commercial production credit to be used this year (enter the lesser of line 5 or line 10 here and on
		  your franchise tax return) ..................................................................................................................... 	
	12	 Subtract line 11 from line 3; if line 11 is greater than line 3, enter 0 ................................................... 	
	13	 Subtract line 11 from line 5 ................................................................................................................. 	
	14	 Amount available for carryforward (multiply line 12 by 50% (.5)) ............................................................ 	
	15	 Amount of commercial production credit available for refund (subtract line 14 from line 13) .................. 	
	16	 Amount of commercial production credit you want to be refunded (limited to the amount on line 15;
		  enter here and on your franchise tax return) ........................................................................................... 	
	17	 Amount of refundable commercial production credit you want to be applied to next year’s tax
		  (subtract line 16 from line 15; enter here and on your franchise tax return) ................................................ 	

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Part 3: Partnership information (submit additional forms as necessary)
Name of partnership

Partnership’s EIN

Total from additional forms, if any ..................................................................................................................
	18	 Total credit amount allocated from partnerships (enter here and on line 2) ............................................ 	 18
530001240094

Credit amount allocated