New York State Department of Taxation and Finance
IT-246
Claim for Empire State Commercial Production Credit
Tax Law – Section 28, Section 606(jj)
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
1 Empire State commercial production credit
(submit a copy of the certificate(s) of tax credit from the
.....................................................
Governor’s Office for Motion Picture and Television Development)
00
.
1
2 Partner, shareholder, beneficiary share of credit from Part 2, line 17 ..........................................
00
.
2
3 Add lines 1 and 2
................................................................................
(fiduciaries: see instructions)
00
.
3
4 Fiduciaries: Enter the credit allocated to beneficiaries from Part 3, column C .............................
00
.
4
5 Total Empire State commercial production credit
..................................
(subtract line 4 from line 3)
00
.
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 ..........................................................
00
.
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. ...................................
00
.
7
8 Add lines 6 and 7..........................................................................................................................
00
.
8
9 Other credits
.......................................................................................................
(see instructions)
00
.
9
10 Subtract line 9 from line 8............................................................................................................. 10
00
.
11 Nonrefundable portion of credit
.............................................................................. 11
(see instructions)
00
.
12 Subtract line 11 from line 5
................................................................................. 12
(see instructions)
00
.
13 Multiply line 12 by 50% (.5) ......................................................................................................... 13
00
.
14 Prior-year carryover
.......................................................................... 14
(from last year’s Form IT-246)
00
.
15 Refundable portion of credit
............................................................................ 15
00
(see instructions)
.
16 Subtract line 13 from line 12. This is the amount of credit to be carried forward to next year ..... 16
00
.
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
00
.
00
.
00
.
... 17
(Add amounts in column D; include amounts from additional sheets. Enter here and on line 2 above.)
00
.
17 Total
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)
B – Identifying number
C – Share of credit
Total
00
.
00
.
00
.
Fiduciary
00
.
355001130094