Department of Taxation and Finance

                         Supplement to Corporation Tax Instructions                                                CT-1

                                                                      •  the fund name Meals On Wheels For Seniors was changed to 
                                                                        Home Delivered Meals for Seniors.
  Up-to-date information affecting your 
                                                                      Capital base tax rate – For tax periods beginning on or after 
  tax return                                                          January 1, 2020, and before January 1, 2021, the capital base tax 
  Visit our website for the tax law changes or forms corrections      rate was reduced to 0.019% for qualified New York manufacturers 
  that occurred after the forms and instructions were finalized (see  and QETCs and 0.025% for all remaining taxpayers (including 
  Need help?).                                                        qualified cooperative housing corporations).
                                                                      Decoupling from increase in interest deduction allowed pursuant 
Contents of this form                                                 to Internal Revenue Code (IRC) section 163(j)(10)(A)(i) – Due to 
Form CT-1 contains both changes for the current tax year and          changes in the Tax Law as part of the 2020-2021 New York State 
general instructional information, serving as a supplement to         budget, the amendment made to the IRC by the addition of new 
corporation tax instructions.                                         section 163(j)(10)(A)(i) under section 2306 of the federal CARES 
                                                                      Act which allows the use of 50% of adjusted taxable income (ATI), 
This form contains information on the following topics:               will not apply when computing the business income base tax. 
•  Changes for the current tax year (non-legislative and legislative) When you compute your entire net income (ENI) and interest 
                                                                      expense deductions that are reported to New York State, you 
•  Business information (how to enter and update)                                                                                   must 
                                                                      use 30% rather than 50% when computing this federal limitation. 
•  Entry formats                                                      New addition modification A-511 for Forms CT-225 and CT-225-A 
  –  Dates                                                            was added. See Forms CT-225-I, Instructions for Form CT-225, and 
  –  Negative amounts                                                 CT-225-A-I, Instructions for Forms CT-225-A and CT-225-A/B.
  –  Percentages                                                      Net operating loss deduction (NOLD) – Form CT-3.4, Net 
  –  Whole dollar amounts                                             Operating Loss Deduction (NOLD), and its instructions were 
•  Are you claiming an overpayment?                                   updated to clarify certain topics:
• NAICS business code number and NYS principal business activity      • New lines 5f, 5g, and 7a through 7d were added to aid in the 
                                                                        computation of the net operating loss (NOL) to be used in the 
•  Limitation on tax credit eligibility                                 current year and the NOL available to be carried forward.
•  Third-party designee                                               • NOLs limited under IRC sections 381-384 and/or separate 
•  Paid preparer identification numbers                                 return limitation year (SRLY) – The NOLD must not include 
•  Is your return in processible form?                                  carryforwards that are unavailable to be used in the current year 
                                                                        due to these federal limitations. 
•  Use of reproduced and computerized forms
•  Electronic filing and electronic payment mandate                   Empire State film production credit – This credit, previously 
                                                                      due to expire for periods after 2024, was extended through 2025. 
•  Online services                                                    The amount of the credit allowed was reduced from 30% to 25% 
•  Web File                                                           of qualified production costs paid or incurred in the production of a 
•  Form CT-200-V                                                      qualified film and the definition of a qualified film was amended. For 
•  Collection of debts from your refund or overpayment                more information, see Form CT-248, Claim for Empire State Film 
                                                                      Production Credit, and its instructions.
•  Fee for payments returned by banks
•  Reporting requirements for tax shelters                            Empire State film post-production credit – This credit, previously 
                                                                      due to expire for periods after 2024, was extended through 2025. 
•  Tax shelter penalties                                              The amount of the credit allowed was reduced from 30% to 25% of 
•  Voluntary Disclosure and Compliance Program                        qualified post-production costs paid or incurred in the production 
•  Your rights under the Tax Law                                      of a qualified film in the Metropolitan Commuter Transportation 
                                                                      District (MCTD) and from 35% to 30% elsewhere in the state. 
•  Need help?                                                         For more information, see Form CT-261, Claim for Empire State 
•  Privacy notification                                               Post-Production Credit, and its instructions.
                                                                      Metropolitan transportation business tax (MTA surcharge) 
Changes for 2020                                                      rate and deriving receipts thresholds – For tax years beginning 
The following forms (and separate instructions, as applicable) are    on or after January 1, 2020, and before January 1, 2021, the 
new this year:                                                        Commissioner has adjusted the MTA surcharge rate to 29.4%. 
CT-651, Recovery Tax Credit                                           The Commissioner must also annually review the thresholds at 
CT-652, Employer-Provided Child Care Credit                           which a corporation is deemed to be deriving receipts from activity 
                                                                      in the MCTD for purposes of imposing the MTA surcharge. For tax 
The following form (and separate instructions, as applicable) was     years beginning on or after January 1, 2020, and before January 1, 
discontinued this year:                                               2021, the thresholds were not changed. For more information, see 
CT-243, Claim for Biofuel Production Credit                           TSB-M-19(6)C, 2020 MTA Surcharge Rate and Deriving Receipts 
                                                                      Thresholds.
Article 9-A
Form CT-227, New York State Voluntary Contributions – There are       Articles 9-A and 33
two updates to this form as follows:                                  Decoupling from changes to the IRC enacted after March 1, 
                                                                      2020 for partnerships – If you are a partner in a partnership(s) 
•  a new contribution, Leukemia, Lymphoma, and Myeloma Fund,          and the distributive share of your partnership’s ordinary business 
  was added; and                                                      income (loss) included in your federal taxable income (FTI) reflects 

Page 2 of 4 CT-1 (2020) 

changes to the IRC enacted after March 1, 2020, you must              Note: There are various overpayment lines on these returns. See 
adjust your FTI to properly report this distributive share so that    the chart below to verify the proper line(s) to use; also see the 
these changes are not reflected. See Forms CT-3-I, Instructions       instructions for the particular return you are filing.
for Form CT-3, CT-3-A-I, Instructions for Form CT-3-A, CT-33-I, 
Instructions for Form CT-33, and CT-33-A-I, Instructions for               Form          Line number         Form           Line number
Forms CT-33-A, CT-33-A/ATT, and CT-33-A/B.                                                                                      12
                                                                       CT-3            Part 2, line 20c  CT-183 
Hire a veteran credit – This credit, previously due to expire for tax  CT-3-A          Part 2, line 21c  CT-183-M               12
years beginning on or after January 1, 2021, was extended through      CT-3-M                13c          CT-184                15c
tax years beginning before January 1, 2022. For more information,      CT-3-S            Part 2, line 47  CT-184-M              13c
see Form CT-643, Hire a Veteran Credit, and its instructions.
                                                                       CT-13                 23           CT-186                16
Excelsior jobs program tax credit – This credit, previously due        CT-33                 22c          CT-186-E              13f
to expire for tax periods beginning before January 1, 2030, was        CT-33-A               27c          CT-186-M              17
extended through tax periods beginning before January 1, 2040. 
The credit was enhanced to include a business entity that is           CT-33-C               20c          CT-186-P              18c
operating predominately as a green project. For more information,      CT-33-M               23c          CT-186-P/M            15c
see Form CT-607, Claim for Excelsior Jobs Program Tax Credit,          CT-33-NL              16c
and its instructions.
                                                                      NAICS business code number and NYS 
How to fill out your tax return                                       principal business activity
Business information                                                  Use Publication 910 to obtain your six-digit North American Industry 
Enter the corporation’s business information at the top of the first  Classification System (NAICS) code that describes your principal 
page. Be sure to enter the corporation’s mailing name if different    business activity in New York State. Your principal business 
from its legal name.                                                  activity outside of New York State may be different, therefore this 
                                                                      may not match the NAICS code you reported on your federal tax 
If you need to update your corporation tax address or phone           return.
number, enter your new address and/or phone number in the 
appropriate area of your return. If you need to update your address 
or phone number after you have filed your return, you can do so       Limitation on tax credit eligibility 
online. Visit our website (see Need help?) and look for the change    As of April 30, 2014, and applicable to acts committed on or 
my address option. Once your corporation tax information has been     after this date, any taxpayer who stands convicted of an offense 
updated online, you do not need to indicate a change of address on    defined in New York State Penal Law Article 200 (Bribery Involving 
any corporation tax forms submitted to the Tax Department.            Public Servants and Related Offenses) or 496 (Corrupting the 
                                                                      Government), or section 195.20 (Defrauding the Government), is 
If you prefer to change your address by form, use Form DTF-96,        not eligible for any business credits. There is a question related to 
Report of Address Change for Business Tax Accounts. You must          this topic on your tax return that must be answered in order for the 
report other changes (such as business name or ID number) on          Tax Department to process your return. For more information, visit 
Form DTF-95, Business Tax Account Update. You can get these           our website (see Need help?).
forms from our website or by phone (see Need help?).
                                                                      Third-party designee
Entry formats                                                         If you want to authorize another individual (third-party designee) 
Entering dates – Unless you are specifically directed to use a        to discuss this tax return with the New York State Tax Department, 
different format, enter dates in themm-dd-yy format (using dashes     mark an  Xin the Yes box in the third-party designee area of your 
and not slashes).                                                     return. Also print the designee’s name, phone number, email 
Negative amounts – Show any negative amounts with a minus             address, and any five-digit number the designee chooses as his or 
(-) sign, unless instructed otherwise.                                her personal identification number (PIN). If you want to authorize 
                                                                      the paid preparer who signed your return to discuss the return with 
Percentages – When computing percentages, convert decimals            the Tax Department, print the preparer’s name in the space for the 
into percentages by moving the decimal point two spaces to the        designee’s name and enter the preparer’s phone number in the 
right. Round percentages to four decimal places unless directed       space for the designee’s phone number. You do not have to provide 
otherwise.                                                            the other information requested. If you do not want to authorize 
                                                                      another person, mark an  Xin the   No box.
Example: 5,000/7,500 = 0.6666666 = 66.6667%.
                                                                      If you mark the Yes box, you are authorizing the Tax Department to 
Whole dollar amounts – You may elect to show amounts in whole         discuss with the designee any questions related to this return. You 
dollars rather than in dollars and cents. Round any amount from       are also authorizing the designee to give and receive confidential 
50 cents through 99 cents to the next higher dollar. Round any        taxpayer information relating to:
amount less than 50 cents to the next lower dollar.
                                                                      •  this return, including missing information,
                                                                      •  any notices or bills arising from this filing that you share with the 
Are you claiming an overpayment?                                       designee (they will not be sent to the designee), 
If you are claiming an overpayment, mark an  Xin the overpayment 
box on page 1 of your return to the right of your EIN and file        •  any payments and collection activity arising from this filing, and
number. The chart below identifies the overpayment line on each       •  the status of your return or refund.
New York State corporation tax return.
                                                                      This authorization will not expire but will only cover matters relating 
                                                                      to this return. If you decide to revoke this designee’s authority at 
                                                                      any time, call us (see Need help?).
                                                                      You are not authorizing the designee to receive your refund, bind 
                                                                      you to anything (including any additional tax liability), or otherwise 
                                                                      represent you before the Tax Department. If you want someone to 

                                                                                                              CT-1 (2020)  Page 3 of 4

represent you or perform services for you beyond the scope of the      Commissioner to be e-filed. Any tax liability or other amount due 
third-party designee, you must designate the person using a power      required to be paid with a tax document that must be e-filed may 
of attorney (for example, Form POA-1, Power of Attorney).              also be required by the Commissioner to be e-paid. Where e-pay is 
                                                                       required, payment must be made via electronic means.
Paid preparer identification numbers 
Paid preparer’s responsibilities – Under the law, all paid             Online services
preparers must sign and complete the paid preparer section of          Create an Online Services account and log in to:
the return. Paid preparers may be subject to civil and/or criminal     • make payments
sanctions if they fail to complete this section in full.
                                                                       •  view your filing and payment history
When completing the paid preparer section, you must enter your         •  get email notifications for refunds, bills, and notices
New York tax preparer registration identification number (NYTPRIN) 
if you are required to have one. If you are not required to have       •  respond to bills and notices
a NYTPRIN, enter in the Excl. code box one of the specified            Access is available 24 hours a day, 7 days a week.
2-digit codes listed below that indicates why you are exempt 
from the registration requirement. You must enter a NYTPRIN            For more information, visit our website (search: Online Services).
or an exclusion code. (Information on the New York State Tax 
Preparer Registration Program is available on our website (see         Web File 
Need help?)  .) In addition, you must enter your federal preparer tax  You can Web File Forms CT-400, Estimated Tax for Corporations, 
identification number (PTIN) if you have one; if not, you must enter   and CT-300, Mandatory First Installment (MFI) of Estimated Tax for 
your Social Security number (SSN). (PTIN information is available      Corporations, on our website (see Need help?). You will need to 
at www.irs.gov.)                                                       create an Online Services account or log into your existing one, and 
                                                                       select the corporation tax estimated payment option.
Code Exemption type            Code Exemption type
                                                                       You can also Web File the following extension requests:
  01  Attorney                 02      Employee of attorney
                                                                       •  Form CT-5, Request for Six-Month Extension to File (for    
  03  CPA                      04      Employee of CPA                   franchise/business taxes, MTA surcharge, or both)
05    PA (Public Accountant)   06      Employee of PA                  •  Form CT-5.3, Request for Six-Month Extension to File (for 
07    Enrolled agent           08      Employee of enrolled agent        combined franchise tax return, or combined MTA surcharge 
                                                                         return, or both)
  09  Volunteer tax preparer   10      Employee of business 
                                       preparing that business’        •  Form CT-5.4, Request for Six-Month Extension to File New York  
                                       return                            S Corporation Franchise Tax Return
                                                                       •  Form CT-5.6, Request for Three-Month Extension to File 
                                                                         Form CT-186 (for utility corporation franchise tax return, MTA 
See our website for more information about the tax preparer              surcharge return, or both)
registration requirements.
                                                                       •  Form CT-5.9, Request for Three-Month Extension To File (for 
                                                                         certain Article 9 tax returns, MTA surcharge, or both)
Important reminder to file a complete return: You must                 •  Form CT-5.9-E, Request for Three-Month Extension to File 
complete all required schedules and forms that make up your              Form CT-186-E (for telecommunications tax return and utility 
return, and include all pages of those forms and schedules               services tax return)
when you file. Returns that are missing required pages or that 
have pages with missing entries are considered incomplete and          Benefits of Web filing include:
cannot be processed, and may subject taxpayers to penalty and          •  direct payment from your bank account or by ACH credit
interest.
                                                                       •  instant confirmation
                                                                       For more information, visit our website and select the corporation 
Is your return in processible form?                                    tax Web File option.
Returns must be prepared in a manner that will permit their routine 
handling and processing and include all pages. We will not pay         Form CT-200-V, Payment Voucher for 
interest on an overpayment of taxes until a return is in a processible 
form which includes a required signature.                              E-Filed Corporation Tax Returns and 
                                                                       Extensions 
Use of reproduced and computerized forms                               This form is a payment voucher for taxpayers who e-file their forms 
Photocopies of returns are acceptable if they are of good quality      but cannot e-pay and need to pay with a paper check or money 
and have an original signature in the proper place. We will accept     order. Form CT-200-V is for use only for returns or extensions that 
computer-produced corporation tax returns if they meet our             were e-filed and should never accompany a paper-filed return.
printing specifications. For more information, see Publication 76, 
Specifications for Reproduction of New York State Corporation Tax      Collection of debts from your refund or 
Forms.
                                                                       overpayment
                                                                       We will keep all or part of your refund or overpayment if you owe 
General information                                                    a past-due, legally enforceable debt to a New York State agency, 
                                                                       or if you owe a New York City tax warrant judgment debt. We may 
Electronic filing and electronic payment                               also keep all or part of your refund or overpayment if you owe a 
mandate                                                                past-due legally enforceable debt to another state, provided that 
                                                                       state has entered into a reciprocal agreement with New York State. 
Certain tax preparers using tax software to prepare tax documents,     If we keep your refund or overpayment, we will notify you. 
and certain taxpayers preparing their own tax documents using 
tax software, must, for the applicable calendar year and all 
succeeding calendar years, e-file all documents authorized by the 

Page 4 of 4 CT-1 (2020) 

A New York State agency includes any state department, board,         Your rights under the Tax Law
bureau, division, commission, committee, public authority, public     The Taxpayer Bill of Rights requires, in part, that the Tax 
benefit corporation, council, office, or other entity performing      Department advise you, in writing, of your rights and obligations 
a governmental or proprietary function for the state or a social      during an audit, when you appeal a departmental decision, and 
services district. We will refund or apply as an overpayment any      when your appeal rights have been exhausted and you need to 
amount over your debt. services district. We will refund or apply     understand enforcement capabilities available to the department to 
as an overpayment any amount over your debt. amount over your         obtain payment. For a complete copy of the information contained 
debt. services district. We will refund or apply as an overpayment    in all of these statements, you may obtain Publication 131, Your 
any amount over your debt.                                            Rights and Obligations Under the Tax Law, by visiting our website 
The Tax Department is authorized to charge the taxpayer, as part      or by calling (see Need help?).
of the taxpayer’s tax debt, any cost or fee imposed or charged by 
the United States, or any state, for the payment or remittance of a 
taxpayer’s overpayment to satisfy a New York State tax debt.          Need help?
If you have any questions about whether you owe a past-due, 
legally enforceable debt to a state agency, or to another state,                  Visit our website at www.tax.ny.gov
or whether you owe a New York City tax warrant judgment debt,                     •  get information and manage your taxes online
contact the state agency, the other state, or the New York City                   •  check for new online services and features
Department of Finance. 
For New York State tax liabilities only, call 518-457-5434 or write   Telephone assistance
to: NYS Tax Department, Civil Enforcement Division, W A Harriman      Corporation Tax Information Center:     518-485-6027
Campus, Albany NY 12227-4000.
                                                                      To order forms and publications:        518-457-5431
More collection options for New York State                            Text Telephone (TTY) or TDD             Dial 7-1-1 for the  
                                                                        equipment users                   New York Relay Service
If you owe unpaid debt to New York State, we may collect your 
debt by taking money from, or offsetting, payments owed you 
by the federal government or by another state. Reciprocal offset 
agreements also allow the federal government, as well as other        Privacy notification
states, to collect delinquent non-tax debt by offsetting payments     New York State Law requires all government agencies that maintain 
owed you by New York State.                                           a system of records to provide notification of the legal authority 
                                                                      for any request for personal information, the principal purpose(s) 
Lottery prizes applied against tax liabilities – As a result of       for which the information is to be collected, and where it will be 
matching names of those owing tax liabilities to New York against     maintained. To view this information, visit our website, or, if you do 
the names of those winning lottery prizes in excess of $600, the Tax  not have Internet access, call and request Publication 54, Privacy 
Department may automatically apply all or part of the lottery prize   Notification. See Need help? for the Web address and telephone 
against any outstanding liabilities for taxes we administer.          number.

Fee for payments returned by banks
The law allows the Tax Department to charge a $50 fee when a 
check, money order, or electronic payment is returned by a bank 
for nonpayment. However, if an electronic payment is returned as 
a result of an error by the bank or the department, the department 
will not charge the fee. If your payment is returned, we will send 
a separate bill for $50 for each return or other tax document 
associated with the returned payment.

Reporting requirements for tax shelters 
The Tax Law requires taxpayers to report information about 
transactions that present the potential for tax avoidance (tax 
shelters). There are separate reporting requirements for those who 
use tax shelters and for those who promote the use of tax shelters. 
For the most recent information on these reporting requirements, 
visit our website.

Tax shelter penalties
The Tax Law provides penalties for failure to disclose certain 
transactions and related information regarding tax shelters and for 
the underpayment of taxes due to participation in these shelters. 
For more information, refer to TSB-M-05(2)C, Disclosure of Certain 
Transactions and Related Information Regarding Tax Shelters.

Voluntary Disclosure and Compliance 
Program 
The Voluntary Disclosure and Compliance Program provides relief 
from certain penalties and criminal prosecution to eligible taxpayers 
who come forward and reveal previously undisclosed liabilities. For 
more information, see TSB-M-08(11)C, Voluntary Disclosure and 
Compliance Program.