New York Utility COVID-19 Debt Relief Credit

Utility COVID-19 Debt Relief Credit
Form CT-48 Utility COVID-19 Debt Relief Credit Tax Year 2023CT-48

Department of Taxation and Finance

Utility COVID-19 Debt Relief Credit
Tax Law – Article 9, Section 187-q

For calendar year 2023
Legal name of corporation

Employer identification number (EIN)

Attach to Form CT-186-E or CT-186-P.
A If you are claiming this credit as a corporate partner, mark an X in the box ....................................................................................
B Utility COVID-19 debt relief credit authorization code (required; see instructions) ...............

Part 1 – Computation of credit
1 Utility COVID-19 debt relief credit (see instructions) .............................................................................

Partnership information (see instructions)
A
Name of partnership

B
Partnership’s EIN

C
Credit amount allocated

Total from additional forms, if any ..................................................................................................................
2 Total credit allocated from partnership(s) (add column C amounts)........................................................ 2
3 Total credit (add lines 1 and 2)................................................................................................................ 3

Part 2 – Computation of credit used, refunded, or credited as an overpayment to the next tax year
4 Tax due before any other credits (from Form CT-186-E, line 88 or Form CT-186-P, line 4) ........................... 4
5 Tax credits claimed before this credit (see instructions) ........................................................................ 5
6 Tax after application of all other credits (subtract line 5 from line 4) ......................................................... 6
7 Credit to be used for the current tax year (enter the lesser of line 3 or line 6; see instructions) ................. 7
8 Amount of credit available for refund (subtract line 7 from line 3) ........................................................... 8
9 Amount of credit you want to be refunded (limited to the amount on line 8; see instructions)..................... 9
10 Amount of credit you want to be applied to next year’s tax (subtract line 9 from line 8; see instructions) . 10

585001230094

Extracted from PDF file 2023-new-york-ct-48.pdf, last modified October 2023

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More about the New York CT-48 Individual Income Tax TY 2023

Available to the taxpayers that come under Article 9 § 186-a, under the management of the Public Service Commission (PSC)

We last updated the Utility COVID-19 Debt Relief Credit in January 2024, so this is the latest version of CT-48, fully updated for tax year 2023. You can download or print current or past-year PDFs of CT-48 directly from TaxFormFinder. You can print other New York tax forms here.

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Related New York Individual 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 CT-48.

Form Code	Form Name
CT-48 (Instructions)	Utility COVID-19 Debt Relief Credit (Instructions)

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 CT-48 from the Department of Taxation and Finance in January 2024.

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About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of New York CT-48

We have a total of two past-year versions of CT-48 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 CT-48

Form CT-48 Utility COVID-19 Debt Relief Credit Tax Year 2023

2022 CT-48

Form CT-48 Utility COVID-19 Debt Relief Credit Tax Year 2021

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