IT-667: Empire State Independent Film Production Credit (2025)
New York · NY DTF · Used for tax years 2025
Form IT-667 is used to claim New York’s Empire State Independent Film Production Credit. It reports credit from a certificate or a share received as a partner, S corporation shareholder, or beneficiary, and calculates the available credit after any recapture.
Who files this form
Form IT-667 is used to claim the Empire State Independent Film Production Credit. It includes sections for:
- Individuals, including sole proprietors, partnerships, and estates or trusts that earned the credit.
- Partners, New York S corporation shareholders, and beneficiaries receiving a share of the credit.
Submit this form with Form IT-201, IT-203, IT-204, or IT-205.
What you'll need
Have the following ready:
- A copy of each credit certificate issued by the Governor’s Office of Motion Picture and Television Development. You must submit a copy with your return.
- The certified entity’s name, employer identification number (EIN), certificate number, entity type, and allocation year.
- Your names and identifying number as shown on your return.
- The credit amount from your certificate, or the amount of your share of the credit.
If you received the credit through an entity other than the one listed on the certificate, you also need that entity’s name, identifying number, and type.
Fiduciaries completing Schedule C need beneficiaries’ names as shown on Form IT-205, Schedule C, their identifying numbers, and their shares of the credit.
How to file
Submit Form IT-667 with Form IT-201, IT-203, IT-204, or IT-205. Include a copy of the certificate with your return. The supplied form does not give a mailing address or e-filing directions.
To complete the form:
- Complete line A. Mark Yes if you are claiming as an individual, partnership, or fiduciary of an estate or trust that earned the credit, rather than receiving a share as a partner, shareholder, or beneficiary.
- Complete certificate information on lines C through G. Submit a separate Form IT-667 for each certificate.
- If you marked Yes, complete Schedules A and D. If you marked No, complete Schedules B and D. Fiduciaries also complete Schedule C.
- If you marked No and received your share from an entity other than the entity on the certificate, complete line B.
- In Schedule D, add lines 10, 11, and 12 for total credit on line 13. Subtract recapture on line 14 to calculate total available credit on line 15.
Common mistakes
- Leaving line A blank: All filers must complete it.
- Omitting certificate information: You must complete the certificate information section.
- Using one form for multiple certificates: Submit a separate Form IT-667 for each certificate issued by the Governor’s Office of Motion Picture and Television Development.
- Forgetting the certificate copy: Submit a copy with your return.
- Skipping Schedule C as a fiduciary: Fiduciaries must also complete Schedule C, whether line A is marked Yes or No.
Questions people ask
Do I need a separate form for each certificate?
Yes. Submit a separate Form IT-667 for each certificate issued by the Governor’s Office of Motion Picture and Television Development, and submit a copy of the certificate with your return.
Which schedule reports a credit I earned directly?
Schedule A reports the credit for an individual, including a sole proprietor, a partnership, or an estate or trust. Enter the credit from your certificate on line 1.
Which schedule reports my share of another entity’s credit?
Schedule B reports a partner’s, shareholder’s, or beneficiary’s share of the credit. Enter your share on line 4.
What entity codes do I use on line B?
Use P for a partnership, S for a New York S corporation, or ET for an estate or trust. Complete line B if you marked No on line A and received the credit from an entity other than the entity listed on the certificate.