New York Transportation and Transmission Corporation Franchise Tax Return on Capital Stock

Transportation and Transmission Corporation Franchise Tax Return on Capital Stock
Form CT-184 Transportation and Transmission Corporation Franchise Tax Return on Capital Stock Tax Year 2023
CT-183 Transportation and Transmission Corporation
Department of Taxation and Finance

Franchise Tax Return on Capital Stock
Tax Law – Article 9, Section 183

Final
return

Amended
return

For calendar year 2023

	 Employer identification number (EIN)	

File number	

Business telephone number	

(	

		

If you claim an
overpayment, mark
an X in the box

)

Legal name of corporation				

Trade name/DBA

Mailing address 				

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.

Federal return filed (mark an X in one):	 Form 1120	

Form 1120S	

Consolidated basis	

Other:

Do you do business, employ capital, own or lease property, or maintain an office in the Metropolitan Commuter
Transportation District? (mark an X in the appropriate box) If Yes, you must file Form CT‑183-M (see instructions) .......	Yes	

No

With the exception of non-local telephone companies, every taxpayer required to file Form CT-183 must also file Form CT-184.	
	 A.	 Pay amount shown on line 11. Make payable to: New York State Corporation Tax	
		 Attach your payment here. Detach all check stubs. (See instructions for details.) 	

Tax computation (see Form CT-183/184-I, Instructions for Forms CT-183 and CT-184)

A

Payment
enclosed
			

	 1	 Tax on allocated issued capital stock from line 56 ........................................................................... 	
1
	2	Tax based on dividend rate, from line 75 or line 78, whichever applies ........................................... 	
2
	3	Minimum tax .......................................................................................................................................	 3	75	
 00
	4	Tax (amount from line 1, 2, or 3, whichever is largest) .............................................................................. 	
4
	5	Tax credits (see instructions) ................................................................................................................ 	
5
	6	Total tax after credits (subtract line 5 from line 4) .................................................................................. 	
6
	7	Total prepayments from line 82......................................................................................................... 	7
	8	Balance (if line 7 is less than line 6, subtract line 7 from line 6; otherwise, enter 0) ........................................	 8
	9	Interest on late payment (see instructions) .......................................................................................... 	
9
	10	 Late filing and late payment penalties (see instructions) ..................................................................... 	 10
	11	 Balance due (add lines 8, 9, and 10 and enter here; enter the payment amount on line A above) ................. 	 11
	12	 Overpayment (if line 6 is less than line 7, subtract line 6 from line 7; otherwise, enter 0) ...............................	 12
	13	 Overpayment to be credited to the next period................................................................................. 	 13
	14	 Balance of overpayment (subtract line 13 from line 12) ......................................................................... 	 14
	15	 Overpayment to be credited to Form CT-183-M ............................................................................... 	 15
	16a	 Overpayment to be refunded (subtract line 15 from line 14) .................................................................. 	 16a
	16b	 Refund of unused tax credits (see instructions)................................................................................... 	 16b
	16c	 Refundable tax credits to be credited as an overpayment to the next tax period (see instructions)		16c

401001230094

Page 2 of 4  CT-183 (2023)

Schedule A – Allocation percentage (if no allocation is claimed, enter 100 on line 24 or 26; see instructions)
Average value for the year 2023

Part 1 – General transportation and transmission corporations
	17	 Accounts receivable..................................................................................	
	18	 Shares of stock of other companies owned (attach list
		  showing corporate name, shares held, and actual value) ...............................	
	19	 Bonds, loans, and other securities, other than U.S. obligations ...............	
	20	 Leaseholds................................................................................................	
	21	 Real estate owned ...................................................................................	
	22	 All other assets (except cash and investments in U.S. obligations)..........	
	23	 Total (add lines 17 through 22) .................................................................... 	
	24	 Allocation percentage (divide line 23, column A, by column B) ..................... 	
Part 2 –	 Corporations operating vessels not exclusively engaged in
	
foreign commerce (see instructions)

A

B

New York State

Everywhere

17
18
19
20
21
22
23
24	%
A

B

New York State
territorial waters

Everywhere

	25	 Aggregate number of working days .........................................................	 25
	26	 Allocation percentage (divide line 25, column A, by column B) ..................... 	 26	%

Schedule B – Assets and liabilities (see instructions)

	27	
	28	
	29	
	30	
	31	
	32	
	33	
	34	
	35	
	36	

Total assets........................................................................................................................................ 	
Total liabilities..................................................................................................................................... 	
Net worth (subtract line 28 from line 27; enter here and on line 53) ............................................................ 	
Capital stock – preferred stock.............................................................................................................	
Capital stock – common stock ............................................................................................................	
Paid-in capital in excess of par or stated value....................................................................................	
Retained earnings (appropriated or unappropriated) ..........................................................................	
Add lines 28, 30, 31, 32, and 33..........................................................................................................	
Cost of treasury stock..........................................................................................................................	
Total liabilities and capital (subtract line 35 from line 34) ........................................................................ 	

As of December 31, 2023

27
28
29
30
31
32
33
34
35
36

Schedule C – Reconciliation of retained earnings (see instructions)
	37	 Balance at beginning of year .............................................................	 37
	38	 Net income (attach profit and loss statement) .........................................	 38
	39	 Other additions (explain) .....................................................................
		
...........................................................................................................
		
...........................................................................................................	 39
	40	 Total (add lines 37, 38, and 39) ..............................................................		
40
	41	 Dividends.........................................................................................	 41
	42	 Other deductions (explain) ..................................................................
		
...........................................................................................................
		
...........................................................................................................	 42
	43	 Total dividends and other deductions (add lines 41 and 42) ...................................................................	 43
	44	 Balance at end of year (subtract line 43 from line 40) ..............................................................................	 44
	45	 Did this corporation purchase any of its capital stock during the year?
Yes
No

		
 If Yes, attach a separate sheet showing number and kinds of shares, consideration received for the issuances of
		  the shares, and purchase price of each share.

401002230094

CT-183 (2023)  Page 3 of 4

Schedule D – Computation of tax based on the net value of issued capital stock (see instructions)
B

A

Class of
stock

Number of
shares as of
Dec. 31, 2023

C

Par
value

D

Amount paid in
on each share

E

Selling price during year
High

Low

F

Average
selling
price

G

Net value
(column B × column F)

Common
Preferred
No-par-value
	46	 Total	
Total net value	 46	
	47	 Multiply line 46, column B, by the net value per share of stock outstanding
		  at the end of the year, but not less than $5.00 per share ...................... 	 47
	48	 Taxable base (multiply line 47 by line 24 or 26) .......................................	 48
	49	 Tax (multiply line 48 by .0015 (1½ mills)) .................................................		
49
	50	 Total net value of issued capital stock (from line 46, column G) .......... 	 50
	51	 Taxable base (multiply line 50 by line 24 or 26) .......................................	 51
	52	 Tax (multiply line 51 by .0015 (1½ mills)) .................................................	
	52
	53	 Net worth from line 29 ...................................................................... 	 53
	54	 Taxable base (multiply line 53 by line 24 or 26) .......................................	 54
	55	 Tax (multiply line 54 by .0015 (1½ mills)) ..................................................................................................	 55
	56	 Tax on allocated issued capital stock (amount from line 49, 52, or 55, whichever is largest;
	    enter here and on line 1) ........................................................................................................................	 56
Schedule E –	 Computation of tax if dividend rate is 6% or more on some or all classes of capital stock

	

Local telephone companies with no more than 1 million access lines in New York State: do not complete 	
Schedule E. All other corporations except those operating vessels in foreign commerce complete
Parts 1 and 2. Corporations operating vessels in foreign commerce complete Parts 3 and 4.

Part 1 – Tax rate computation based on dividends paid during the year
B
C
A
Class
of
stock

Value of stock
on which
dividends were paid
(see instructions)

Dividends
paid

D

Dividend
rate
(C ÷ B)

	57	 Common	
%	 Enter tax rate here:		
	58	 Preferred	
%	 Enter tax rate here:		
	59	 No-par-value	
%	 Enter tax rate here:		
	60	 Total
Part 2 – Tax computation (see instructions)
	61	 Par value common stock (from line 57, column B) ................................	 61
	62	 Taxable base (multiply line 61 by line 24) ...............................................	 62
	63	 Tax (multiply line 62 by line 57, column E) ...............................................	
	63
	64	 Par value preferred stock (from line 58, column B) ................................	 64
	65	 Taxable base (multiply line 64 by line 24) ...............................................	 65
	66	 Tax (multiply line 65 by line 58, column E) ...............................................	
	66
	67	 Amount paid in on no-par-value stocks (from line 59, column B) ..........	 67
	68	 Taxable base (multiply line 67 by line 24) ...............................................	 68
	69	 Tax (multiply line 68 by line 59, column E) ...............................................	
	69
	70	 Total value of stockholders’ equity......................................................	 70
	71	 Capital subject to tax on dividends (add lines 61, 64, and 67) ...............	71
	72	 Capital not previously taxed (subtract line 71 from line 70) ....................	 72
	73	 Taxable base (multiply line 72 by line 24) ...............................................	 73
	74	 Tax (multiply line 73 by .0015 (1½ mills)) ................................................................................................. 	 74
	75	 Tax on allocated issued capital stock using dividend rates (add lines 63, 66, 69, and 74; enter here
    and on line 2) .......................................................................................................................................	 75

401003230094

E

Tax rate computation – If column D is 6% or more, multiply
each percent (including fractions of a percent) in column D
by .000375 (⅜ of a mill). When multiplying, do not convert
the percentage amount in column D to a decimal.

Page 4 of 4  CT-183 (2023)

Part 3 – Tax rate computation based on dividends paid during the year (see instructions)
A
Paid-in capital

B
Dividends paid

C
Dividend rate
(B ÷ A)

	 76	

D
Tax rate computation – If column C is 6% or more,
multiply the percent (including fractions of a percent) in
column C by .000375 (⅜ of a mill). When multiplying, do not
convert the percentage amount in column C to a decimal.
%	 Enter tax rate here:		

Part 4 – Tax computation (see instructions)
	77	 Taxable base (multiply line 76, column A, by line 26) ...........................................................................	 77
	78	 Tax (multiply line 77 by line 76, column D; enter here and on line 2) ......................................................... 	 78

Schedule F – Composition of prepayments on line 7 (see instructions)
	79	
	80	
	81	
	82	

Payment with extension request, from Form CT-5.9, line 5............................................................ 	
Overpayment credited from prior year............................................................................................ 	
Overpayment credited from Form CT-183-M ................................................................................. 	
Total prepayments (add lines 79, 80, and 81; enter here and on line 7) .................................................. 	

Section 183 amount

79
80
81
82

Summary of credits claimed on line 5 against current year’s franchise tax (mark an X in the box(es) indicating the form(s)
filed, and attach the form(s); see instructions for lines 5 and 83)

Have you been convicted of an offense, or are you an 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	
CT-40		

CT-41	

CT-43	

CT-249	

CT-501	

CT-611	

No

CT-611.1

CT-611.2	CT-612	CT-613	CT-631	CT-637	DTF-630	 Other credits:
83

	83	 Total tax credits above that are refund eligible (see instructions)......................................................	
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	

Telephone number	

(		

	 Firm’s name (or yours if self-employed)		
	 Signature of individual preparing this return	

Address	

	 Email address of individual preparing this return		

See instructions for where to file.

401004230094

Official title

)

Firm’s EIN	

Date
Preparer’s PTIN or SSN

City	
Preparer’s NYTPRIN	

State	
or	

Excl. code	 Date

ZIP code