CT-246: Claim for Empire State Commercial Production Credit (2025)
New York · NY DTF · Used for tax years 2025
Form CT-246 is used by corporations to claim the New York Empire State Commercial Production Credit with Form CT-3, CT-3-A, or CT-3-S. It reports credit amounts, including credits allocated from partnerships and prior-year carryovers, and calculates amounts used, refunded, or car
Who files this form
Form CT-246 is for corporations claiming the Empire State commercial production credit. File it with Form CT-3, CT-3-A, or CT-3-S.
The form also covers credits allocated to corporate partners by partnerships. New York S corporations do not complete Part 2.
What you'll need
Have these documents and details ready:
- Your corporation’s legal name, employer identification number (EIN), and tax period beginning and ending dates.
- Each certificate of tax credit, including its certificate number and completion year. Submit a copy with your return.
- The credit amounts you are claiming and any unused commercial production credit carried over from the previous tax year.
- If claiming partnership credits, each partnership’s name, EIN, and credit amount allocated to you.
- For Part 2, your tax due before credits, other tax credits claimed before this credit, and fixed dollar minimum tax.
How to file
File Form CT-246 with Form CT-3, CT-3-A, or CT-3-S.
- Complete the certificate information section. Submit a separate Form CT-246 for each certificate issued by the Governor’s Office of Motion Picture & Television Department, and include a copy of the certificate with your return.
- Use Part 1 to calculate the credit available for use.
- Complete Part 2 to calculate the credit used, refunded, and carried forward, unless you are a New York S corporation.
- If claiming the credit as a corporate partner, mark box A and complete Part 3. Submit additional forms as necessary.
- Enter the amounts from lines 11, 16, and 17 on your franchise tax return as directed.
The supplied form does not give a mailing address or e-filing directions.
Common mistakes
- Leaving the tax period blank. All filers must enter beginning and ending dates.
- Omitting the certificate information or certificate copy. The form requires both.
- Using one Form CT-246 for multiple certificates. Submit a separate form for each certificate.
- Completing Part 2 as a New York S corporation. The form specifically says not to complete this part.
- Forgetting to mark box A when claiming the credit as a corporate partner.
Questions people ask
What if I have more than one credit certificate?
Submit a separate Form CT-246 for each certificate and a copy of each certificate with your return. Enter the line 1 totals from additional Forms CT-246 on line 1a.
Where do I report a credit allocated by a partnership?
Use Part 3 to list the partnership’s name, EIN, and allocated credit. Enter the total on line 18 and carry it to line 2. Mark box A to show that you are claiming the credit as a corporate partner.
Do New York S corporations complete Part 2?
No. The form says New York S corporations do not complete Part 2.
Can I request a refund or apply a refundable credit to next year’s tax?
Part 2 provides for both. Line 15 calculates the credit available for refund. On line 16, enter the amount you want refunded, limited to line 15. Line 17 is the remaining amount to apply to next year’s tax. Enter both amounts on your franchise tax return.