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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IT-246
for the current year.
Form IT-246 Claim for Empire State Commercial Production Credit - New York
What Is Form IT-246?
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form IT-246?
A: Form IT-246 is the claim for Empire State Commercial Production Credit in New York.
Q: Who can use Form IT-246?
A: Any taxpayer who is eligible for the Empire State Commercial Production Credit in New York can use Form IT-246.
Q: What is the Empire State Commercial Production Credit?
A: The Empire State Commercial Production Credit is a tax credit available to eligible taxpayers engaged in qualified film production, television production, or post-production activities in New York.
Q: What can I use the credit for?
A: The credit can be used to offset New York State income tax liability.
Q: How do I fill out Form IT-246?
A: You must provide the required information, including your identification details, tax year, and the amount of credit claimed.
Q: Is there a deadline for filing Form IT-246?
A: Yes, the deadline for filing Form IT-246 is generally the same as the deadline for filing your New York State income tax return.
Q: Can I claim the credit if I am not a resident of New York?
A: No, the Empire State Commercial Production Credit is only available to taxpayers who are residents of New York.
Q: Are there any limitations on the credit?
A: Yes, there are limitations on the amount of credit that can be claimed based on the qualified production expenses.
Q: Can I carry forward any unused credit?
A: Yes, if the credit exceeds your tax liability, you can carry it forward for up to 5 years.
Form Details:
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form IT-246 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
