CT-665: Newspaper and Broadcast Media Jobs Credit (2025)
New York · NY DTF · Used for tax years 2025
Form CT-665 is used by corporations to claim New York’s Newspaper and Broadcast Media Jobs Credit. It reports certificate information, credits earned or received from partnerships, and credit recapture, and calculates the credit available. Corporations other than New York S corpo
Who files this form
Form CT-665 is for corporations claiming the newspaper and broadcast media jobs credit, either as the corporation that earned the credit or as a corporate partner receiving a share of the credit from a partnership.
File it with Form CT-3, CT-3-A, or CT-3-S. All filers must complete line A to identify whether they earned the credit directly.
What you'll need
Have these documents and details ready:
- Your Empire State Development certificate, including the certified entity’s name, EIN, certificate number, allocation year, and credit amount. Submit a copy with your return.
- Your corporation’s legal name, EIN, and tax period beginning and ending dates.
- Any partnership credit-share amounts. If you marked No on line A and received the credit from a partnership other than the entity listed on the certificate, provide that partnership’s name and EIN.
- Any additional Forms CT-665 whose credit amounts must be included in the totals.
- For Schedule B, your tax due before credits, other credits claimed before this credit, and minimum tax.
How to file
File Form CT-665 with Form CT-3, CT-3-A, or CT-3-S. The form does not provide a mailing address or e-filing directions.
- Enter your tax period, corporation name, and EIN, and answer line A.
- Complete the certificate information section. File a separate Form CT-665 for each certificate issued by Empire State Development and submit a copy of the certificate with your return.
- Complete Schedule A to calculate the credit, including certificate amounts, partnership shares, totals from additional Forms CT-665, and any credit recapture.
- Complete Schedule B unless you are a New York S corporation. Enter the credit used, refund amount, and amount applied to next year’s tax on your franchise tax return as directed on lines 13, 15, and 16.
Common mistakes
- Leaving the tax period or line A blank. Both are required for all filers.
- Omitting the certificate information section or the certificate copy required with the return.
- Using one Form CT-665 for multiple certificates. A separate form is required for each certificate.
- Leaving out the partnership’s name and EIN when you marked No on line A and received the credit from a partnership other than the entity on the certificate.
- Completing Schedule B as a New York S corporation. The form says not to complete that schedule.
Questions people ask
Do I need a separate form for each certificate?
Yes. File a separate Form CT-665 for each certificate issued by Empire State Development and submit a copy of the certificate with your return.
How do I answer line A?
Mark Yes if you are claiming the credit as the corporation that earned it. Mark No if you are claiming it as a corporate partner that received a share from a partnership.
Do New York S corporations complete Schedule B?
No. The form specifically tells New York S corporations not to complete Schedule B.
Can unused credit be refunded or applied to next year’s tax?
Schedule B provides for both. Line 14 calculates unused credit. Line 15 reports the amount to be refunded, limited to line 14. Line 16 reports the remaining amount to apply as an overpayment to the next year’s tax.