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New York Free Printable Form CT-247 Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization Revised 12/20 for 2024 New York Application for Exemption from Corporation Franchise Taxes By a Not-for-Profit Organization

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Application for Exemption from Corporation Franchise Taxes By a Not-for-Profit Organization
Form CT-247 Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization Revised 12/20

CT-247 Department of Taxation and Finance pplication for Exemption from Corporation Franchise A Taxes by a Not-for-Profit Organization Mailing name and address Legal name of corporation Employer identification number (EIN) (12/20) For office use only Mailing name (if different from legal name) c/o Number and street or PO box City State ZIP code NYS principal business activity Date tax exemption claimed from Form of organization (mark an X in the appropriate box) Business/officer telephone number Corporation ( ) Association Date of formation Trust Other For audit use only State or country of incorporation Taxable Exempt Indicate exact name of the law under which the entity was formed (general corporation, not-for-profit, membership, etc.). Cite statutory provisions. Federal return filed (mark an X in one): Form 990 Form 990‑T Form 1120 Other: For lines 1 through 7, mark an X in the Yes or No box   1 Is the entity organized and operated as a not-for-profit organization?....................................................................... Yes No  2 Is the entity authorized to issue capital stock? (If Yes, also mark an X in the appropriate box below.)............................... Yes Title holding company Collective investment Other: List shareholders: No   3 Does any part of the net earnings of the organization benefit any officer, director, or member?............................... Yes No   4 Does the entity meet the qualifications for exemption from federal income tax? (See General information)......................... Yes If No, stop. You do not qualify as an exempt organization. No   5 Did the entity apply for federal exemption?................................................................................................................ Yes If Yes, indicate date of exemption . Attach a copy of your federal exemption letter. No   6 Is the entity engaged in an unrelated business activity at a location in New York State (NYS)?............................... Yes No   7 Is the entity operating as a trust under Internal Revenue Code (IRC) section 401(a) and exempt from federal   income tax under IRC section 501(a)?................................................................................................................... Yes   8 List location and type of activity for each office and other places of business (attach separate sheet if necessary). Location Nature of activity No   9 List officers, employees, agents, and representatives in NYS and briefly describe their duties (attach separate sheet if necessary). Name Title Duties 10 List type and use of real property owned in NYS (attach separate sheet if necessary). Type How used 11 Describe any NYS activities not shown above (attach separate sheet if necessary). Certification: I certify that this application and any attachments are to the best of my knowledge and belief true, correct, and complete. Willfully filing a false application is a misdemeanor punishable under the Tax Law. Authorized person Paid preparer use only (see instr.) Printed name of authorized person Signature of authorized person E-mail address of authorized person Telephone number ( Firm’s name (or yours if self-employed) Signature of individual preparing this application Official title Address E-mail address of individual preparing this application ) Firm’s EIN Date Preparer’s PTIN or SSN City Preparer’s NYTPRIN State or Excl. code Date ZIP code Page 2 of 2  CT-247 (12/20) Instructions General information Certain not-for-profit and religious corporations are exempt from the New York State (NYS) corporation franchise tax imposed by Tax Law Article 9-A (Article 9-A regulations, section 1-3.4(b)(6)). You must file Form CT-247 to apply for exemption. Generally, a corporation or an organization treated as a corporation must meet all of the following requirements to be tax exempt: • It must be organized and operated as a not-for-profit organization. • It must not have stock, shares, or certificates for stock or for shares. Not-for-profit corporations that issue stock are taxable under Article 9-A. However, title holding companies as described in Internal Revenue Code (IRC) section 501(c)(2), and collective investment entities as described in IRC section 501(c)(25), are exempt from tax under Article 9-A. For additional information, see TSB-M-87(9)C, Exemption for Title Holding Companies (THC) and Collective Investment Entities (CIE). • No part of its net earnings may benefit any officer, director, or member. • It must be exempt from federal income taxation under IRC section 501, subsection (a). If the organization meets all of the above requirements, it will be presumed to be exempt from tax under Tax Law Article 9-A. An organization denied exemption from taxation under the IRC will be presumed to be subject to tax under Article 9-A. An organization whose tax exempt status has been revoked and later restored by the Internal Revenue Service (IRS), must file a new application on Form CT-247. The new application must be approved before any tax-exempt status under Article 9-A is restored. Not-for-profit, nonstock organizations that are subject to the federal tax on unrelated business income are taxable under NYS Tax Law Article 13, if they pursue those unrelated business activities in NYS. File Form CT-13, Unrelated Business Income Tax Return, to report those activities. Organizations required to file federal Form 1120 may be taxable under Article 9-A and may be required to file Form CT-3, General Business Corporation Franchise Tax Return. When filing Form CT-247, submit all documents granting or denying exemption from tax by the IRS, the corporation’s articles of incorporation, and its bylaws. Promptly report any changes in the corporation’s federal tax status to the NYS Tax Department. Any exemption granted by the filing of Form CT-247 is strictly for NYS corporation franchise tax. For federal exemption, contact the IRS. Any inquiry on the taxable status of an organization must be in writing, signed by an officer of the organization, and mailed to the address under How to file. Refund of franchise taxes If the organization paid franchise taxes in error, request a refund by filing an amended return. A housing development fund company must submit proof that it was organized under Private Housing Finance Law Article 11. How to file Fax to: 518-435-2995 (preferred response method) Or mail to: NYS Tax Department, Corporation Tax Account Resolution, W A Harriman Campus, Albany NY 12227-0852. Private delivery services See Publication 55, Designated Private Delivery Services. Signature The application must be certified by the president, vice president, treasurer, assistant treasurer, chief accounting officer, or other officer authorized by the taxpayer corporation. The application of an association, publicly traded partnership, or business conducted by a trustee or trustees must be signed by a person authorized to act for the association, publicly traded partnership, or business. If an outside individual or firm prepared the application, all applicable entries in the paid preparer section must be completed, including identification numbers (see Paid preparer identification numbers in Form CT-1). Failure to sign the application will delay the processing of any refunds and may result in penalties. Need help? and Privacy notification See Form CT-1, Supplement to Corporation Tax Instructions.
Extracted from PDF file 2023-new-york-form-ct-247.pdf, last modified October 2020

More about the New York Form CT-247 Corporate Income Tax TY 2023

We last updated the Application for Exemption from Corporation Franchise Taxes By a Not-for-Profit Organization in February 2024, so this is the latest version of Form CT-247, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-247 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
Form CT-3M/4M General Business Corporation MTA Surcharge Return (Obsolete)
Form IT-204 Partnership Tax Return
Form CT-198.1 Franchise Tax Return Information (OBSOLETE)
Form CT-34-SH New York S Corporation Shareholders' Information Schedule

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-247 from the Department of Taxation and Finance in February 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-247

We have a total of thirteen past-year versions of Form CT-247 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form CT-247

Form CT-247 Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization Revised 12/20

2022 Form CT-247

Form CT-247 Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization Revised 12/20

2021 Form CT-247

Form CT-247 Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization Revised 12/20

2020 Form CT-247

Form CT-247 Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization Revised 12/20

2019 Form CT-247

Form CT-247:8/15:Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization:ct247

2018 Form CT-247

Form CT-247:8/15:Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization:ct247

2017 Form CT-247

Form CT-247:8/15:Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization:ct247

2016 Form CT-247

Form CT-247:8/15:Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization:ct247

2015 Form CT-247

Form CT-247:8/15:Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization:ct247

Application for Exemption from Corporation Franchise Taxes By a Not-for-Profit Organization 2014 Form CT-247

Form CT-247:8/13:Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization:ct247

Application for Exemption from Corporation Franchise Taxes By a Not-for-Profit Organization 2013 Form CT-247

Form CT-247:8/13:Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization:ct247

2012 Form CT-247

Form CT-247:8/12:Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization:ct247

2011 Form CT-247

Form CT-247:8/11:Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization:CT247


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