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New York Free Printable Form CT-186 Utilty Corporation Franchise Tax Return Tax Year 2023 for 2024 New York Utility Corporation Franchise Tax Return

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Utility Corporation Franchise Tax Return
Form CT-186 Utilty Corporation Franchise Tax Return Tax Year 2023

CT-186 Department of Taxation and Finance Utility Corporation Franchise Tax Return Final return Employer identification number (EIN) For continuing section 186 taxpayers only (certain independent power producers) Tax Law – Article 9, Section 186 Amended return Legal name of corporation File number Business telephone number (  ) Mailing address For calendar year 2023 If you claim an overpayment, mark an X in the box Trade name/DBA State or country of incorporation Care of (c/o) Number and street or PO Box City U.S. state/Canadian province NAICS business code number (from NYS Pub 910) NYS principal business activity ZIP/Postal code Date of incorporation Country (if not United States) Foreign corporations: date began business in NYS For office use only If you need to update your address or phone information for corporation tax, or other tax types, you can do so online. See Business information in Form CT-1. Metropolitan transportation business tax (MTA surcharge) Do you do business or exercise a corporate franchise in the Metropolitan Commuter Transportation District (MCTD)? (Mark an X in the appropriate box) If Yes, you must also file Form CT‑186-M (see instructions) ............................................ Yes No Payment enclosed A. Pay amount shown on line 15. Make payable to: New York State Corporation Tax Attach your payment here. Detach all check stubs. (See instructions for details.) A Computation of tax 1 Tax on gross earnings (from line 26) ................................................................................................... 1 2 Tax on dividends (from line 36) ............................................................................................................ 2 3 Total tax (add lines 1 and 2) ................................................................................................................. 3 4 Minimum tax ....................................................................................................................................... 4 5 Franchise tax (amount from line 3 or line 4, whichever is larger) .............................................................. 5 6a Have you been convicted of an offense, or are you the owner of an entity convicted of an offense, defined in   New York State Penal Law Article 200 or 496, or section 195.20? (see Form CT-1; mark an X in one box) ............ Yes 6b Tax credits: Mark an X in the box(es) to indicate the form(s) filed and attach form(s) CT-40 CT-41 CT-43 CT-249 CT-501 CT-631 6b DTF-630 Other credits (see instructions) 7 Net franchise tax (subtract line 6b from line 5) ...................................................................................... 7 First installment of estimated tax for next period: 8a If you filed a request for extension, enter amount from Form CT-5.6, line 2 .................................... 8a 8b If you did not file Form CT-5.6 and line 7 is over $1,000, enter 25% of line 7 (see instructions)......... 8b 9 Total (add lines 7 and 8a or 8b) ............................................................................................................... 9 10 Total prepayments (from line 50) ......................................................................................................... 10 11 Balance (if line 10 is less than line 9, subtract line 10 from line 9) ............................................................... 11 12 Estimated tax penalty (see instructions; mark an X in the box if Form CT-222 is attached) ........... 12 13 Interest on late payment (see instructions) .......................................................................................... 13 14 Late filing and late payment penalties (see instructions) ..................................................................... 14 15 Balance due (add lines 11 through 14 and enter here; enter payment amount on line A above) .................. 15 16 Overpayment (if line 9 is less than line 10, subtract line 9 from line 10) ....................................................... 16 17 Amount of overpayment to be credited to next period....................................................................... 17 18 Balance of overpayment (subtract line 17 from line 16) ......................................................................... 18 19 Amount of overpayment to be credited to Form CT-186-M .............................................................. 19 20a Overpayment to be refunded (subtract line 19 from line 18) ................................................................. 20a 20b Refund of unused tax credits (see instructions)................................................................................... 20b 20c Refundable tax credits to be credited as an overpayment to the next period (see instructions).......... 20c Federal return filed; attach copy: 407001230094 1120  Other: 125 00 No Page 2 of 2 CT-186 (2023) Schedule A – Computation of gross earnings tax and allocation percentage (see instructions) A New York State B Everywhere 21 Gross earnings from operating revenue ........................................... 21 22 Gross earnings from interest............................................................. 22 23 Gross earnings from dividends.......................................................... 23 24 Gross earnings from other revenues ................................................ 24 25 Total (add lines 21 through 24) .............................................................. 25 26 Tax computation (multiply line 25, column A, by .0075; enter here and on line 1)  26 27 Allocation percentage (divide line 21, column A, by line 21, column B)...........................................................   27 % Schedule B – Computation of allocated dividend tax (based on the calendar year covered by this return) 28 Number of shares of common stock issued...................................... 28 29 Number of shares of preferred stock issued..................................... 29 30 Actual amount of paid-in capital (see instructions)................................................................................. 31 Amount of capital on which dividends were paid (see instructions)..................................................... 32 Total dividends paid in the calendar year covered by this return ...................................................... 33 Enter 4% (.04) of line 31.................................................................................................................... 34 Net dividends (subtract line 33 from line 32) .......................................................................................... 35 Allocated dividends (multiply line 34 by percentage (%) on line 27) ........................................................... 36 Tax computation (multiply line 35 by .045; enter here and on line 2) ........................................................... 30 31 32 33 34 35 36 Schedule C – Reconciliation of retained earnings (based on the calendar year covered by this return) 37 Balance beginning of period................................................................................................................ 37 38 Net increase........................................................................................................................................ 38 39 Other additions ................................................................................................................................... 39 40 Total (add lines 37, 38, and 39) ............................................................................................................... 40 41 Dividends ........................................................................................ 41 42 Other deductions .............................................................................. 42 43 Total (add lines 41 and 42) ..................................................................................................................... 43 44 Balance end of period (subtract line 43 from line 40) ............................................................................... 44 Composition of prepayments claimed on line 10 (If you need additional space, enter all relevant prepayment information on a separate sheet, and write see attached in this section. Transfer the total to line 10, Total prepayments.) Date paid Amount 45 Mandatory first installment .................................................................................... 45 46a Second installment from Form CT-400................................................................... 46a 46b Third installment from Form CT-400 ...................................................................... 46b 46c Fourth installment from Form CT-400.................................................................... 46c 47 Payment with extension request from Form CT-5.6, line 5.................................... 47 48 Overpayment credited from prior years............................................................................................... 48 Period 49 Overpayment credited from Form CT-186-M         .......................................................... 49 50 Total prepayments (add lines 45 through 49; enter here and on line 10) ..................................................... 50 Designee’s name (print) Third – party Yes No designee Designee’s email address Designee’s phone number ( (see instructions) ) PIN Certification: I certify that this return and any attachments are to the best of my knowledge and belief true, correct, and complete. Authorized person Paid preparer use only (see instr.) Printed name of authorized person Signature of authorized person Email address of authorized person Firm’s name (or yours if self-employed) Signature of individual preparing this return Email address of individual preparing this return See instructions for where to file. 407002230094 Official title Telephone number ( Address ) Firm’s EIN Date Preparer’s PTIN or SSN City Preparer’s NYTPRIN State or Excl. code Date ZIP code
Extracted from PDF file 2023-new-york-form-ct-186.pdf, last modified November 2006

More about the New York Form CT-186 Corporate Income Tax TY 2023

We last updated the Utility Corporation Franchise Tax Return in January 2024, so this is the latest version of Form CT-186, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-186 directly from TaxFormFinder. You can print other New York tax forms here.


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Related 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. These related forms may also be needed with the New York Form CT-186.

Form Code Form Name
Form CT-186-E Telecommunications Tax Return and Utility Services Tax Return
Form CT-186-M Utility Corporation MTA Surcharge Return
Form CT-186-P Utility Services Tax Return - Gross Income
Form CT-186-P/M Utility Services MTA Surcharge Return

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-186 from the Department of Taxation and Finance in January 2024.

Show Sources >

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-186

We have a total of twelve past-year versions of Form CT-186 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form CT-186

Form CT-186 Utilty Corporation Franchise Tax Return Tax Year 2023

2022 Form CT-186

Form CT-186 Utilty Corporation Franchise Tax Return Tax Year 2022

2021 Form CT-186

Form CT-186 Utilty Corporation Franchise Tax Return Tax Year 2021

2020 Form CT-186

Form CT-186 Utilty Corporation Franchise Tax Return Tax Year 2020

2019 Form CT-186

Form CT-186:2019:Utilty Corporation Franchise Tax Return:ct186

2018 Form CT-186

Form CT-186:2018:Utilty Corporation Franchise Tax Return:ct186

2017 Form CT-186

Form CT-186:2017:Utilty Corporation Franchise Tax Return:CT186

2016 Form CT-186

Form CT-186:2016:Utilty Corporation Franchise Tax Return:CT186

2015 Form CT-186

Form CT-186:2015:Utility Corporation Franchise Tax Return:CT186

Utility Corporation Franchise Tax Return 2014 Form CT-186

Form CT-186:2014:Utilty Corporation Franchise Tax Return:CT186

Utility Corporation Franchise Tax Return 2013 Form CT-186

Form CT-186:2013:Utilty Corporation Franchise Tax Return:CT186

2012 Form CT-186

Form CT-186: 2011: Utilty Corporation Franchise Tax Return: CT186


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