New York State Department of Taxation and Finance
IT-261
Claim for Empire State Film Post-Production Credit
Tax Law – Section 31, Section 606(qq)
Submit this form with Form IT-201, IT-203, IT-204, or IT-205.
Taxpayer identification number
Name(s) as shown on return
(see instructions)
Part 1
Computation of credit
–
1 Empire State film post-production credit
(submit a copy of the certificate of tax credit from the
Governor’s Office for Motion Picture and Television Development; see instructions)
.
.............................
1
00
2 Amount of credit from line 1 available for the 2014 tax year
(see instructions)
.
..............................
2
00
3 Partner, shareholder, beneficiary share of credit from Part 2, line 19 ..........................................
.
3
00
4 Credits available from prior years
(see instructions)
.
.......................................................................
4
00
5 Add lines 2, 3, and 4 ....................................................................................................................
.
5
00
6 Fiduciary: Enter the amount of credit allocated to beneficiaries from Part 3, column C .............
.
6
00
7 Total Empire State film post-production credit
(subtract line 6 from line 5)
.
......................................
7
00
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
00
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
00
10 Add lines 8 and 9.......................................................................................................................... 10
.
00
(see instructions)
.
11 Other credits
....................................................................................................... 11
00
12 Subtract line 11 from line 10 ......................................................................................................... 12
.
00
(see instructions)
.
13 Nonrefundable portion of credit
.............................................................................. 13
00
14 Subtract line 13 from line 7
(see instructions)
.
................................................................................. 14
00
15 Multiply line 14 by 50% (.5) ......................................................................................................... 15
.
00
16 Unused credit from 2013 carryover
(if applicable; see instructions)
.
.................................................. 16
00
(see instructions)
.
17 Refundable portion of credit
............................................................................ 17
00
18 Subtract line 15 from line 14. This is the amount of credit to be carried forward to next year ..... 18
.
00
(see instructions)
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.
C – Employer identification number
A – Name of entity
B – Type
D – Share of current year’s credit
.
00
.
00
.
00
(Add amounts in column D; include amounts from additional
19 Total credit amount for current year
sheets. Enter here and on line 3 above.)
.
......................................................................................
19
00
Beneficiary’s and fiduciary’s share of Empire State film post-production credit
(see instructions)
Part 3
–
A – Beneficiary’s name (same as on Form IT‑205, Schedule C)
B – Identifying number
C – Share of current year’s credit
Total
.
00
.
00
.
00
Fiduciary
.
00
356001140094