New York Claim for Empire State Film Post-Production Credit

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Claim for Empire State Film Post-Production Credit
Form CT-261 Claim for Empire State Film Post-Production Credit Tax Year 2024CT-261

Department of Taxation and Finance

Claim for Empire State Film
Post-Production Credit
Tax Law – Sections 31 and 210-B.32

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.
All filers must complete lines A through C.

A	 If you are claiming this credit as a corporate partner, mark an X in the box.....................................................................................	

Certificate information

On lines B and C below, enter the information from your certificate of tax credit from the New York State Governor’s Office of Motion
Picture & Television Development. You must also submit a copy of your certificate of tax credit.
B	 Certificate number......................................................................................................................... 	
C	 Completion year ............................................................................................................................................................	

Part 1 – Calculation of post-production credit available for use
	 a	 Enter the amount of post-production credit (see instructions) ............................................................... 	 1a
1
	1b	 Amount of line 1a available for the current tax year (see instructions) .................................................. 	 1b
	1c	 Post-production credit from prior years (see instructions) ..................................................................... 	 1c
	2	 Post-production credit from partnership(s) (from line 18; see instructions) ............................................. 	 2
	 3	 Add lines 1b, 1c, and 2 (New York S corporations see instructions) .......................................................... 	 3
	4	 Unused post-production credit carried over from the previous tax year (see instructions) .................... 	 4
	5	 Total post-production credit available in the current tax year (add lines 3 and 4) .................................. 	 5
Part 2 – Calculation of post-production credit used, refunded, and carried forward (New York S corporations do not
complete this part)
	 6	 Tax due before credits (see instructions) .................................................................................................	 6
	7	 Tax credits claimed before the post-production credit (if none, enter 0; see instructions) ........................ 	 7
	8	 Tax after application of all other credits (subtract line 7 from line 6) ..........................................................	 8
	9	 Fixed dollar minimum tax (see instructions) .............................................................................................	 9
	10	 Limitation on post-production credit to be used this period (subtract line 9 from line 8; if line 8
		  is less than line 9, enter 0) ................................................................................................................... 	 10
	11	 Amount of credit to be used this year (enter the lesser of line 5 or line 10 here and on your
		  franchise tax return) ............................................................................................................................ 	 11
	12	 Subtract line 11 from line 3; if line 11 is greater than line 3, enter 0 .................................................... 	 12
	13	 Subtract line 11 from line 5 ................................................................................................................. 	 13
	14	 Amount available for carryforward (multiply line 12 by 50% (.5)) ............................................................. 	 14
	15	 Amount of credit available for refund (subtract line 14 from line 13) ........................................................ 	 15
	16	 Amount of credit you want to be refunded (limited to the amount on line 15; enter here and on your
		  franchise tax return) ............................................................................................................................ 	 16
	17	 Amount of refundable 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) .......................................................................................... 	 17

539001240094

Page 2 of 2  CT-261 (2024)

Part 3 – Partnership information (submit additional forms as necessary; see instructions)
Name of partnership

Partnership’s EIN

Total from additional form(s), if any ................................................................................................................
	18	 Total credit amount allocated from partnerships for the current year (enter here and on line 2) ............ 	 18

Part 4 – Amount of credit to be claimed in succeeding tax years
	 9	 Amount of credit to be claimed for 2025 (see instructions) .................................................................... 	 19
1
	20	 Amount of credit to be claimed for 2026 (see instructions) .................................................................... 	 20

539002240094

Credit amount allocated

Extracted from PDF file 2024-new-york-form-ct-261.pdf, last modified October 2024

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More about the New York Form CT-261 Corporate Income Tax Tax Credit TY 2024

We last updated the Claim for Empire State Film Post-Production Credit in January 2025, so this is the latest version of Form CT-261, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form CT-261 directly from TaxFormFinder. You can print other New York tax forms here.

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Other New York Corporate Income Tax Forms:

TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form CT-3M/4M	General Business Corporation MTA Surcharge Return (Obsolete)
Form CT-6	Election by a Federal S Corporation to be Treated As a New York S Corporation
Form NYS-45-ATT	Quarterly Combined Withholding, Wage Reporting, and Unemployment Insurance Return - Attachment
Form IT-205-V	Instructions and Payment Voucher for Fiduciary Income Tax Returns Voucher
Form CT-247	Application for Exemption from Corporation Franchise Taxes By a Not-for-Profit Organization

Download all NY tax forms View all 272 New York Income Tax Forms

Form Sources:

New York usually releases forms for the current tax year between January and April. We last updated New York Form CT-261 from the Department of Taxation and Finance in January 2025.

Show Sources >

Form CT-261 is a New York Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of New York Form CT-261

We have a total of fourteen past-year versions of Form CT-261 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2024 Form CT-261

Form CT-261 Claim for Empire State Film Post-Production Credit Tax Year 2024

2023 Form CT-261

Form CT-261 Claim for Empire State Film Post-Production Credit Tax Year 2023

2022 Form CT-261

Form CT-261 Claim for Empire State Film Post-Production Credit Tax Year 2022

2021 Form CT-261

Form CT-261 Claim for Empire State Film Post-Production Credit Tax Year 2021

2020 Form CT-261

Form CT-261 Claim for Empire State Film Post-Production Credit Tax Year 2021

2019 Form CT-261

Form IT-261:2019:Claim for Empire State Film Post-Production Credit:it261

2018 Form CT-261

Form IT-261:2018:Claim for Empire State Film Post-Production Credit:it261

2017 Form CT-261

Form IT-261:2017:Claim for Empire State Film Post-Production Credit:it261

2016 Form CT-261

Form IT-261:2016:Claim for Empire State Film Post-Production Credit:it261

2015 Form CT-261

Form CT-261:2015:Claim for Empire State Film Post-Production Credit:ct261

2014 Form CT-261

Form CT-261:2014:Claim for Empire State Film Post-Production Credit:ct261

2013 Form CT-261

Form CT-261:2013:Claim for Empire State Film Post-Production Credit:ct261

2012 Form CT-261

Form CT-261:2012:Claim for Empire State Film Post-Production Credit:ct261

2011 Form CT-261

CT-261:2011:Claim for Empire State Film Post-Production Credit:ct261

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