New York Claim for Empire State Commercial Production Credit

Claim for Empire State Commercial Production Credit
Form IT-246 Claim for Empire State Commercial Production Credit Tax Year 2024
Department of Taxation and Finance

Claim for Empire State Commercial Production Credit

IT-246

Tax Law – Sections 28 and 606(jj)

Submit this form with Form IT-201, IT-203, IT-204, or IT-205. You must also submit a copy of your certificate of tax credit.
	Name(s) as shown on return		
Taxpayer identification number

All filers must complete Lines A and B.
	 A	 Certificate number (from your certificate of tax credit) ....................................................................................... A
	 B	 Completion year (from your certificate of tax credit)......................................................................................................... B

Part 1: Calculation of credit

	 1	 Empire State commercial production credit (submit a copy of the certificate(s) of tax credit from the
		  Governor’s Office of Motion Picture & Television Development)...........................................................	 1	
	 2	 Partner, shareholder, beneficiary share of credit from Part 2, line 17...........................................	 2	
	 3	 Add lines 1 and 2 (fiduciaries: see instructions).................................................................................	3	
	 4	Fiduciaries: Enter the credit allocated to beneficiaries from Part 3, column C............................	 4	
	5	Total Empire State commercial production credit (subtract line 4 from line 3)...................................	5	
		  Partnerships: Enter the line 5 amount and code 355 on Form IT-204, line 147.
		  All others: Continue with line 6.
	6	Enter amount from Form IT-201, line 39; Form IT-203, line 46; or Form IT-205, line 8 if a
		  resident, or line 9 if a nonresident or part-year resident ...........................................................	 6	
	 7	 Form IT-201 and IT-203 filers: Enter amount from Form IT-201-ATT, line 21;
		  Form IT-203-ATT, line 20. Form IT-205 filers: Enter any credits shown on line 1
		  of the Addbacks worksheet in the instructions for Form IT-205, line 12. ....................................	 7	
	8	Add lines 6 and 7..........................................................................................................................	 8	
	9	Other credits (see instructions)........................................................................................................	 9	
	10	 Subtract line 9 from line 8.............................................................................................................	 10	
	11	 Nonrefundable portion of credit (see instructions)...............................................................................	 11	
	12	 Subtract line 11 from line 5 (see instructions).................................................................................. 	 12	
	13	 Multiply line 12 by 50% (.5) ..........................................................................................................	 13	
	14	 Prior-year carryover (from last year’s Form IT-246)...........................................................................	 14	
	15	 Refundable portion of credit (see instructions) .............................................................................	 15	
	16	 Subtract line 13 from line 12. This is the amount of credit to be carried forward to next year......	 16	

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Part 2: Partnership, New York S corporation, and estate and trust information

	For Type, enter P for partnership, S for S corporation, or ET for estate or trust (see instructions).
A – Name of entity

B – Type

C – Employer identification number

D – Share of credit

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17		 Total (Add amounts in column D; include amounts from additional forms. Enter here and on line 2 above.) .....	17	

Part 3: Beneficiary’s and fiduciary’s share of Empire State commercial production credit
	

A – Beneficiary’s name (same as on Form IT‑205, Schedule C) 	

  Total

B – Identifying number 	

C – Share of credit

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 Fiduciary

	

355001240094

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