How to Submit a Film Tax Electronic IT-TRANS

The Transfers of Film Tax credit to purchasers of the credit can now be submitted electronically through GTC. This process replaces the paper IT-TRANS process for production companies that will claim the film tax credit after June 1, 2016. 

A DOR certificate number issued to the production company is required to complete this request.

Submitting a Film Tax Electronic IT-TRANS

  • Inside of a GTC Login
    1. Log into GTC.
    2. Click on the Manage my credits hyperlink.
    3. Select the Transfer Tax Credit hyperlink.
    4. Gather Your Information - Review the requirements on the screen and gather your information then click the Next.

    5. Credit Details - Complete the form. From the Select credit type being transferred from list dropdown box, select 122 – Film Tax Credit. Click Next.

      Note: The total tax credit generated amount is provided on the pre-estimated approval letter or from the final IT-FC provided by the Production Company. This amount cannot exceed the actual credit amount generated. 

      Complete all required fields in yellow. Click Next.

    6. Entity Info - Complete all items in yellow on this screen and then click Next.
      • Everything in yellow is a required field.
      • Enter the Name, ID type (FEIN or SSN), ID number, and credit amount being transferred.
      • Click the Add a Record hyperlink to add transferees.
      • Transfer amounts must be whole dollar amounts.
    7. Attach Any Supporting Documentation (Optional), then click Next.
    8. Review Summary page then click Submit.
      • Click Yes to confirm that you want to submit your request.
      • Please review your submission for accuracy to ensure that the correct taxpayer receives the credit.

    The Confirmation Page will be displayed. For your records, write down the Confirmation Number or click the Print Confirmation button to print the page. 

    The confirmation number confirms that your request has been received, not that the request has been processed.

    Please DO NOT mail the paper form to the Department of Revenue!

     

  • Outside of a GTC
    1. Log into GTC.
    2. Click on the Transfer Tax Credit hyperlink under the Business section.
    3. Gather Your Information - Review the requirements on the screen and gather your information then click the Next.
    4. Credit Details - Complete the form. From the Select credit type being transferred from list dropdown box, select 122 – Film Tax Credit.
      • The total tax credit generated amount is provided on the pre-estimated approval letter or from the final IT-FC provided by the Production Company. This amount cannot exceed the actual credit amount generated.
      • Complete all required fields in yellow. Click Next.
    5. Entity Info - Complete the form with the entity information then click Next.
      • Everything in yellow is a required field.
      • Enter the Name, ID type (FEIN or SSN), ID number, and credit amount being transferred.
      • Click the Add a Record hyperlink to add transferees.
      • Transfer amounts must be whole dollar amounts.
    6. Attach Any Supporting Documentation (Optional), then click Next.
    7. Review Summary page then click Submit.
      • Click Yes to confirm that you want to submit your request.
      • Please be sure to review your submission for accuracy to ensure that the correct taxpayer receives the credit.

    The Confirmation Page will be displayed. For your records, write down the Confirmation Number or click the Print Confirmation button to print the page. 

    The confirmation number confirms that your request has been received, not that the request has been processed.

    Please DO NOT mail the paper form to the Department of Revenue!