IT-246: Claim for Empire State Commercial Production Credit (2025)
New York · NY DTF · Used for tax years 2025
Form IT-246 is used to claim the New York Empire State commercial production credit. It reports certificate information, credit amounts and shares received from other entities, and calculates the nonrefundable, refundable, and carryforward portions of the credit.
Who files this form
Form IT-246 is used to claim the Empire State commercial production credit. Submit it with Form IT-201, IT-203, IT-204, or IT-205.
The form includes sections for credit shares received from partnerships, New York S corporations, estates, and trusts, and for allocating credit to beneficiaries. The supplied text does not explain eligibility requirements for the credit.
What you'll need
- Your certificate of tax credit, including its certificate number and completion year. Submit a copy with your return.
- The tax return you are filing: Form IT-201, IT-203, IT-204, or IT-205.
- If applicable, Form IT-201-ATT, Form IT-203-ATT, or the Addbacks worksheet in the Form IT-205 instructions for the amounts requested on line 7.
- If claiming a prior-year carryover, last year’s Form IT-246.
- If reporting credit received from another entity, its name, entity type, employer identification number, and your share of the credit.
- If allocating credit to beneficiaries, their names as shown on Form IT-205, Schedule C, identifying numbers, and shares of the credit.
How to file
Submit Form IT-246 with Form IT-201, IT-203, IT-204, or IT-205. The supplied form does not provide a mailing address or e-filing directions.
- Enter your name as shown on your return and your taxpayer identification number.
- Complete certificate information lines A and B. Prepare a separate Form IT-246 for each certificate issued by the Governor’s Office of Motion Picture & Television Department, and submit a copy of the certificate with your return.
- Enter the line 1 totals from any additional Forms IT-246 on line 1a.
- If you have credit shares from partnerships, New York S corporations, estates, or trusts, report them in Part 2. Include amounts from additional forms in line 17 and carry that total to line 2.
- Fiduciaries report beneficiary allocations in Part 3 and enter the credit allocated to beneficiaries on line 4.
- Partnerships enter the line 5 amount and code 355 on Form IT-204, line 147. All other filers continue with line 6.
Common mistakes
- Leaving certificate information blank. All filers must complete lines A and B.
- Using one Form IT-246 for multiple certificates. The form requires a separate Form IT-246 for each certificate issued.
- Forgetting the certificate copy. Submit a copy with your return.
- Submitting IT-246 without the accompanying return. The form directs you to submit it with Form IT-201, IT-203, IT-204, or IT-205.
Questions people ask
Do I need a separate form for each certificate?
Yes. Submit a separate Form IT-246 for each certificate issued by the Governor’s Office of Motion Picture & Television Department. Include a copy of the certificate with your return.
Where do I report credit received from a partnership or other entity?
Use Part 2 for credit shares from partnerships, New York S corporations, estates, and trusts. Enter P for a partnership, S for an S corporation, or ET for an estate or trust. Total the shares on line 17 and enter that total on line 2.
What does a partnership do after calculating line 5?
Enter the line 5 amount and code 355 on Form IT-204, line 147. The form directs all other filers to continue with line 6.
Where do I enter a prior-year carryover?
Enter the prior-year carryover from last year’s Form IT-246 on line 14.
Where does the form show the credit carried forward to next year?
Line 16 shows the amount carried forward. Calculate it by subtracting line 13 from line 12.