New York Claim for Empire State Film Post-Production Credit

Claim for Empire State Film Post-Production Credit
Form IT-261 Claim for Empire State Film Post-Production Credit Tax Year 2025
Department of Taxation and Finance

Claim for Empire State Film Post-Production Credit

IT-261

Tax Law – Sections 31 and 606(qq)

Submit this form with Form IT-201, IT-203, IT-204, or IT-205.
	Name(s) as shown on return		

Taxpayer identification number

Certificate information

You must complete this section and submit a separate Form IT-261 for each certificate issued by the New York State Governor’s Office
of Motion Picture & Television Development. Submit a copy of the certificate with your return.
A	 Certificate number....................................................................................................................... 	A
B	 Completion year ..........................................................................................................................................................	 B

Part 1: Calculation of credit (see instructions)

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	 1	 Credit amount for applications filed before January 1, 2025 (see instructions) ..............................	 1	
	1a	 Amount of credit from line 1 available for the current tax year (see instructions) ............................	 1a	
	 2	 Credit amount for applications filed on or after January 1, 2025 (see instructions) .......................	 2	
	2a	 Enter the line 1a and line 2 totals from all additional Forms IT-261 .............................................	 2a	
	 3	 Partner, shareholder, beneficiary share of credit (enter the amount from Part 2, line 19)...................	 3	
	 4	 Credits available from prior years (see instructions)........................................................................	 4	
	 5	 Add lines 1a, 2, 2a, 3, and 4 ........................................................................................................	5	
	 6	Fiduciary: Enter the amount of credit allocated to beneficiaries from Part 3, column C ..............	 6	
	7	Subtract line 6 from line 5  ............................................................................................................	7	
	7a	 Credit recapture (see instructions)  ..................................................................................................	7a	
	7b	 Subtract line 7a from line 7 (see instructions) ..................................................................................	7b	
	8	Enter amount from Form IT-201, line 39; Form IT-203, line 46; or Form IT-205, line 8 if a
		  resident, or line 9 if a nonresident or part-year resident ...........................................................	 8	
	 9	 Form IT-201 and IT-203 filers: Enter amount from Form IT-201-ATT, line 21;
		  Form IT-203-ATT, line 20. Form IT-205 filers: Enter any credits shown on line 1
		  of the Addbacks worksheet in the instructions for Form IT-205, line 12. ....................................	 9	
	10	 Add lines 8 and 9..........................................................................................................................	 10	
	11	 Other credits (see instructions) ........................................................................................................	 11	
	12	 Subtract line 11 from line 10..........................................................................................................	 12	
	13	 Nonrefundable portion of credit (see instructions)...............................................................................	 13	
	14	 Subtract line 13 from line 7b (see instructions) ................................................................................ 	 14	
	15	 Multiply line 14 by 50% (.5) ..........................................................................................................	 15	
	16	 Unused credit carried over from last year (if applicable; see instructions).........................................	 16	
	17	 Refundable portion of credit (see instructions) .............................................................................	 17	
	18	 Subtract line 15 from line 14. This is the amount of credit to be carried forward to next year......	 18	

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Part 2: Partnership, New York S corporation, and estate and trust information (see instructions)
For Type, enter P for partnership, S for S corporation, or ET for estate or trust.
A
Name of entity

B
Type

C
Employer identification number

D
Share of current year’s credit
	

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		  and on line 3 above.)................................................................................................................................... 	19	

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19		 Total (Add amounts in column D; include amounts from additional Forms IT-261, if any. Enter here

356001250094

IT-261 (2025) (back)

Part 3: Beneficiary’s and fiduciary’s share of credit (see instructions)
	

A – Beneficiary’s name (same as on Form IT‑205, Schedule C) 	

B – Identifying number 	

  Total

C – Share of current year’s credit

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	20	 Amount of credit to be claimed for the second year (next year; see instructions) .............................	 20	
	21	 Amount of credit to be claimed for the third year (see instructions).................................................	 21	

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 Fiduciary
Part 4: Amount of credit to be claimed in following tax years (see instructions)

356002250094