New York Utility Corporation Franchise Tax Return

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