CT-248: Claim for Empire State Film Production Credit (2025)
New York · NY DTF · Used for tax years 2025
Form CT-248 is used by corporations to claim New York’s Empire State Film Production Credit. It reports available credit, partnership allocations, credit recapture, and amounts to be claimed in following years. For filers other than New York S corporations, it also calculates cre
Who files this form
Form CT-248 is for corporations claiming the Empire State Film Production Credit. File it with Form CT-3, CT-3-A, or CT-3-S.
If you are claiming the credit as a corporate partner, mark an X in box B in the Certificate information section.
What you'll need
Have the following ready:
- A copy of each certificate of tax credit issued by the Governor’s Office of Motion Picture and Television Department. Submit a copy with your return.
- Your corporation’s legal name, employer identification number (EIN), and tax period beginning and ending dates.
- The film production credit allocation year and certificate number.
- If claiming credit from partnerships, each partnership’s name, EIN, and credit amount allocated.
- Your applicable corporation tax return: Form CT-3, CT-3-A, or CT-3-S.
How to file
File Form CT-248 with Form CT-3, CT-3-A, or CT-3-S. Complete the Certificate information section and submit a separate Form CT-248 for each certificate issued. Include a copy of the certificate with your return.
The supplied form does not provide a mailing address or e-file instructions.
Common mistakes
- Do not leave the tax period blank. All filers must enter beginning and ending dates.
- Do not combine multiple certificates on one Form CT-248. Complete the Certificate information section and submit a separate form for each certificate.
- Do not forget to submit a copy of the certificate with your return.
- New York S corporations must not complete Part 2.
- On line 7, enter 0 if no tax credits were claimed before this credit.
- On line 10, enter 0 if line 8 is less than line 9.
Questions people ask
Which credit line applies to my application date?
For the 2025 form, line 1 is for credit amounts from applications filed before January 1, 2025. Line 1a shows the amount of line 1 available for the current tax year. Line 2 is for applications filed on or after January 1, 2025.
Where do I report credit allocated by a partnership?
Enter the partnership information in Part 3. Total the allocated credit on line 15 and enter that total on line 4.
Can credit be refunded or applied to next year’s tax?
Part 2 includes both options. Line 12 calculates the credit available for refund. Line 13 records the amount to be refunded, limited to line 12. Line 14 records the remaining amount to apply as an overpayment to next year’s tax. New York S corporations do not complete Part 2.
Where do I report credit to be claimed in later years?
Part 4 has line 16 for the amount to be claimed in the second year, which is next year, and line 17 for the amount to be claimed in the third year. Both lines refer filers to the instructions.