New York Report of Annual License Fee Agricultural Cooperative Marketing or Financing Corporations and District Heating/Cooling Cooperatives (OBSOLETE)

Report of Annual License Fee Agricultural Cooperative Marketing or Financing Corporations and District Heating/Cooling Cooperatives (OBSOLETE)
Form CT-397:2018:Report of Annual License Fee Agricultural Cooperative Marketing or Financing Corporations and District Heating/Cooling Cooperatives:c
CT-397

Department of Taxation and Finance

Report of Annual License Fee
Agricultural Cooperative Marketing or
Financing Corporations and
District Heating/Cooling Cooperatives
Cooperative Corporations Law, Article 5

Print or type
Employer identification number	

File number	

			

For calendar year

Business telephone number	

(	)	

Legal name of corporation			

Trade name/DBA

	
	 Mailing name (if different from legal name)		

State or country of incorporation

	 c/o
	 Number and street or PO box			

Date of incorporation

State	
ZIP code	
	 City	
					

If address/phone above
is new, mark an X
in the box ...................... 	

Date received (for Tax Department use only)

Date began business in NYS

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.

Audit (for Tax Department use only)

	Payment - pay $10.00 – Make check or money order payable to: New York State Corporation Tax
		
. . . Attach your payment here. (See instructions for details.)
The above corporation was incorporated under the Cooperative Corporations Law on
	

Payment enclosed

	

$10.00

(mm - dd - yy)

for the purpose of

Certification: I certify that this report and any attachments are to the best of my knowledge and belief true, correct, and complete.
Authorized
person

Printed name of authorized person	

Signature of authorized person	

	 E-mail address of authorized person	
		

Official title

Telephone number	
(	
)

Date

Instructions
Form CT-1, Supplement to Corporation Tax
Instructions

See Form CT-1 for the following topics:
•	 Changes for the current tax year (general and
by Tax Law Article)
•	 Business information (how to enter and update)
•	 Entry formats
–	Dates
–	 Negative amounts
–	Percentages
–	 Whole dollar amounts
•	 Are you claiming an overpayment?
•	 NAICS business code number and NYS principal business
activity
•	 Limitation on tax credit eligibility
•	 Third-party designee
•	 Paid preparer identification numbers
•	 Is your return in processible form?
•	 Use of reproduced and computerized forms
•	 Electronic filing and electronic payment mandate
•	 Online services

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Web File
Form CT-200-V
Collection of debts from your refund or overpayment
Fee for payments returned by banks
Reporting requirements for tax shelters
Tax shelter penalties
Voluntary Disclosure and Compliance Program
Your rights under the Tax Law
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Who must file

Section 77 of the Cooperative Corporations Law exempts
certain cooperative corporations from all franchise, license,
or corporation taxes. In place of those taxes the following
corporations must file this form and pay an annual license fee
of $10:
•	 Cooperative corporations, with or without capital stock,
organized for the purpose of cooperative marketing of
agricultural products;
•	 Cooperative corporations, with or without capital stock,
organized for the purpose of making loans to their members
producing agricultural products;

Page 2 of 2 CT-397 (2018)
•	 Cooperative corporations, with or without capital stock,
organized for the purpose of purchasing food products for
sale to their members where such purchasing cooperative
corporation has gross receipts from such sales of less than
$500,000 in a calendar year;
•	 Cooperative corporations organized without capital stock that
have federal Internal Revenue Code (IRC) section 501(c)(12)
status and are organized for producing and/or distributing
district heating and/or cooling services solely for use by their
members. The heating or cooling facility must be located
in a city with a population of more than 200,000 but less
than 300,000, and must have at least 35% of the service, as
measured by relative thermal usage, distributed to and used
by members who:
–	 qualify as certain exempt organizations under the New York
State Sales and Use Tax Law (for example, governmental,
educational, charitable, religious); or
–	 qualify as cooperative corporations organized without
stock, that have federal IRC section 501(c)(12) status.
In addition, the following must file this form and pay the fee:
•	 Certain organizations exempt from sales tax under the
New York State Sales and Use Tax Law (for example,
governmental, educational, charitable, religious) that are
members of the cooperative corporations providing the
heating and/or cooling services described above.
•	 The cooperative corporations organized without stock that
have federal IRC section 501(c)(12) status and are members
of the cooperative corporations providing the heating and/or
cooling services described above.
Types of cooperative corporations that are not required to file
this form, are:
•	 Agricultural cooperative corporations with capital stock
organized for the sole purpose of raising crops.
•	 Cooperative corporations with capital stock that operate for
a profit taxable under Tax Law Article 9-A: see Corporations
subject to tax under Article 9-A in Form CT-3-I, Instructions
for Form CT-3 General Business Corporation Franchise Tax
Return.

Payment

Make your check or money order payable in United States
funds. We will accept a foreign check or foreign money order
only if payable through a United States bank or if marked
Payable in U.S. funds.

When and where to file

On or before March 15th following the close of the calendar year,
mail this completed form and $10 check or money order to:
	
	
	
	

NYS TAX DEPARTMENT
PSSB DOCUMENT PROCESSING
W A HARRIMAN CAMPUS
ALBANY NY 12227-0825

Private delivery services
See Publication 55, Designated Private Delivery Services.