New York Claim for Empire State Film Production Credit

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Claim for Empire State Film Production Credit
Form CT-248 Claim for Empire State Film Production Credit Tax Year 2023CT-248

Department of Taxation and Finance

Claim for Empire State Film
Production Credit
Tax Law – Sections 24 and 210-B.20

All filers must enter tax period:
	Legal name of corporation	

beginning

ending
Employer identification number (EIN)

See Form CT-248-I, Instructions for Form CT-248, before completing.
Attach to Form CT-3, CT-3-A, or CT-3-S. You must also attach a copy of your certificate of tax credit.
	A	 Film production credit allocation year, if applicable (from your certificate of tax credit; see instructions)..............	
	B	 Film production credit allocation year, if applicable (from the partnership’s certificate of tax credit; see instr.)... 	

A
B

Part 1 – Computation of film production credit available for use (see instructions for each line in Part 1)
	 1	 Film production credit ......................................................................................................................... 	
	2	 Amount of line 1 available for the current tax year............................	
2
	3	 Credit available from prior years.......................................................	
3
	4	 Film production credit from partnership(s) (from line 15)..................... 	
4
	5	 Total film production credit available in the current tax year ............................................................... 	

1

5

Part 2 –	Computation of film production credit used, refunded, and credited as an overpayment to next year’s tax
	
(New York S corporations do not complete this part)
	 6	 Tax due before credits (see instructions) .................................................................................................	
	7	 Tax credits claimed before the film production credit (if none enter 0; see instructions) .......................... 	
	8	 Tax after application of all other credits (subtract line 7 from line 6) .........................................................	
	9	 Fixed dollar minimum tax (see instructions) ............................................................................................	
	10	 Limitation on film production credit to be used this period (subtract line 9 from line 8; if line 8 is less than
		  line 9, enter 0)..................................................................................................................................... 	
	11	 Film production credit to be used this year (see instructions)................................................................ 	
	12	 Amount of film production credit available for refund (subtract line 11 from line 5) ................................. 	
	13	 Amount of film production credit you want to be refunded (limited to the amount on line 12;
   see instructions) ................................................................................................................................. 	
	14	 Amount of refundable film production credit you want to be applied to next year’s tax (subtract
		  line 13 from line 12; see instructions) .................................................................................................... 	

6
7
8
9
10
11
12
13
14

Part 3 – Partnership information (attach additional forms as necessary; see instructions)
	

Name of partnership	

Partnership’s EIN	

Credit amount allocated

Total from additional form(s) if any....................................................................................................................
15	 Total credit amount allocated from partnership(s) for the current year (enter here and on line 4).............	 15

Part 4 – Amount of credit to be claimed in succeeding tax years (see line 2 instructions)
16	 Amount of credit to be claimed for 2024 (see instructions) ................................................................... 	 16
17	 Amount of credit to be claimed for 2025 (see instructions).................................................................... 	 17
	C	 If you are claiming this credit as a corporate partner, mark an X in the box.....................................................................................
516001230094

Extracted from PDF file 2023-new-york-form-ct-248.pdf, last modified October 2023

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More about the New York Form CT-248 Corporate Income Tax Tax Credit TY 2023

We last updated the Claim for Empire State Film Production Credit in February 2024, so this is the latest version of Form CT-248, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-248 directly from TaxFormFinder. You can print other New York tax forms here.

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Other New York Corporate Income Tax Forms:

TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form IT-204-LL	Partnership, Limited Liability Company, and Limited Liability Partnership Filing Fee Payment Form Voucher
Form CT-3M/4M	General Business Corporation MTA Surcharge Return (Obsolete)
Form IT-204	Partnership Tax Return Tax Return
Form IT-205	Fiduciary Income Tax Return Tax Return
Form IT-205-V	Instructions and Payment Voucher for Fiduciary Income Tax Returns Voucher

Download all NY tax forms View all 272 New York Income Tax Forms

Form Sources:

New York usually releases forms for the current tax year between January and April. We last updated New York Form CT-248 from the Department of Taxation and Finance in February 2024.

Show Sources >

Form CT-248 is a New York Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of New York Form CT-248

We have a total of thirteen past-year versions of Form CT-248 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form CT-248

Form CT-248 Claim for Empire State Film Production Credit Tax Year 2023

2022 Form CT-248

Form CT-248 Claim for Empire State Film Production Credit Tax Year 2022

2021 Form CT-248

Form CT-648 Life Sciences Research and Development Tax Credit Tax Year 2021

2020 Form CT-248

Form IT-248 Claim for Empire State Film Production Credit Tax Year 2020

2019 Form CT-248

Form IT-248:2019:Claim for Empire State Film Production Credit:it248

2018 Form CT-248

Form IT-248:2018:Claim for Empire State Film Production Credit:it248

2017 Form CT-248

Form IT-248:2017:Claim for Empire State Film Production Credit:IT248

2016 Form CT-248

Form IT-248:2016:Claim for Empire State Film Production Credit:IT248

2015 Form CT-248

Form CT-248:2015:Claim for Empire State Film Production Credit:ct248

2014 Form CT-248

Form CT-248:2014:Claim for Empire State Film Production Credit:ct248

2013 Form CT-248

Form CT-248:2013:Claim for Empire State Film Production Credit:ct248

2012 Form CT-248

Form CT-248:2012:Claim for Empire State Film Production Credit:ct248

2011 Form CT-248

CT-248:2011:Claim for Empire State Film Production Credit:ct248

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