New York Claim for Empire State Film Post-Production Credit

Claim for Empire State Film Post-Production Credit
Form IT-261 Claim for Empire State Film Post-Production Credit Tax Year 2023
Department of Taxation and Finance

Claim for Empire State Film Post-Production Credit

IT-261

Tax Law – Sections 31 and 606(qq)

Submit this form with Form IT-201, IT-203, IT-204, or IT-205.
	Name(s) as shown on return		

Taxpayer identification number

Part 1 – Computation of credit (see instructions)

	 1	 Empire State film post-production credit (submit a copy of the certificate of tax credit from the
		  Governor’s Office of Motion Picture & Television Development; see instructions) ..................................	 1	
	 2	 Amount of credit from line 1 available for the 2023 tax year (see instructions) ...............................	 2	
	 3	 Partner, shareholder, beneficiary share of credit from Part 2, line 19...........................................	 3	
	 4	 Credits available from prior years (see instructions)........................................................................	 4	
	 5	 Add lines 2, 3, and 4 ....................................................................................................................	5	
	 6	Fiduciary: Enter the amount of credit allocated to beneficiaries from Part 3, column C ..............	 6	
	7	Total Empire State film post-production credit (subtract line 6 from line 5) .......................................	7	
		  Partnerships: Enter the line 7 amount and code 356 on Form IT-204, line 147.
		  All others: Continue with line 8.
	8	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 ...........................................................	 8	
	 9	 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. ....................................	 9	
	10	 Add lines 8 and 9..........................................................................................................................	 10	
	11	 Other credits (see instructions) ........................................................................................................	 11	
	12	 Subtract line 11 from line 10..........................................................................................................	 12	
	13	 Nonrefundable portion of credit (see instructions)...............................................................................	 13	
	14	 Subtract line 13 from line 7 (see instructions) .................................................................................. 	 14	
	15	 Multiply line 14 by 50% (.5) ..........................................................................................................	 15	
	16	 Unused credit from 2022 carryover (if applicable; see instructions)...................................................	 16	
	17	 Refundable portion of credit (see instructions) .............................................................................	 17	
	18	 Subtract line 15 from line 14. This is the amount of credit to be carried forward to next year......	 18	

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Part 2 – P
 artnership, New York S corporation, and estate and trust information (see instructions)

	For Type, enter P for partnership, S for S corporation, or ET for estate or trust.
	

A – Name of entity	

B – Type	

C – Employer identification number	

D – Share of current year’s credit

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19		 Total credit amount for current year (Add amounts in column D; include amounts from additional
		  forms. Enter here and on line 3 above.) ........................................................................................ 	19	

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Part 3 – Beneficiary’s and fiduciary’s share of Empire State film post-production credit (see instructions)
	

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

  Total

B – Identifying number 	

C – Share of current year’s credit

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 Fiduciary
356001230094

	

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IT-261 (2023) (back)

Part 4 – Amount of credit to be claimed in succeeding tax years (see instructions)
	20	 Amount of credit to be claimed for 2024 (see instructions) .............................................................	 20	
	21	 Amount of credit to be claimed for 2025 (see instructions)..............................................................	 21	

356002230094

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