Instructions For Form Ct-33-M - Insurance Corporation Mta Surcharge Return - 1999
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1
2New York State Department of Taxation and Finance
CT-33-M-I
Instructions for Form CT-33-M
Insurance Corporation MTA Surcharge Return
Tax Law — Article 33, Section 1505-a
telephone number, or owner/officer information, and you have not
Who must file
previously notified us, complete Form DTF-95, Change of Business
If you do business, employ capital, own or lease property, or
Information. If you don’t have a form, call toll free 1 800 462-8100.
maintain an office in the Metropolitan Commuter Transportation
From areas outside the U.S. and Canada, call (518) 485-6800 to
District (MCTD) you must pay a metropolitan transportation
request one.
business tax surcharge on business done in the Metropolitan
Transportation Authority region (MTA surcharge). The MCTD
Amended return
includes the counties of New York, Bronx, Queens, Kings,
If you are filing an amended return, please write Amended return
Richmond, Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk,
across the top of the front page.
and Westchester.
If you file Form CT-33, use Form CT-33-M to report and pay the
Specific instructions
MTA surcharge.
Line A — Make your payment in United States funds. We will
Corporations filing on a combined basis are required to file only
accept a foreign check or foreign money order only if payable
one return for the combined group. Use combined figures, as
through a United States bank or if marked Payable in U.S. funds.
shown on your Form CT-33-A, to complete this form.
Whole dollar amounts — You may elect to show dollar amounts in
Installment payments
whole dollars rather than dollars and cents. Round an amount from
50 cents through 99 cents to the next higher dollar, and round any
A taxpayer required to pay the MTA surcharge and whose franchise
amount less than 50 cents to the next lower dollar.
tax is more than $1,000 must file a declaration of estimated MTA
surcharge and make quarterly installment payments on
Percentages — When computing allocation percentages, convert
Form CT-400.
decimals into percentages by moving the decimal point two spaces
to the right. Percentages should be carried out to four decimal
MTA surcharge rate
places. For example: 5,000/7,500 = .6666666 = 66.6667%.
The MTA surcharge rate is 17%.
Negative amounts — Show any negative amounts in parentheses.
When and where to file
Computation of MCTD allocation percentage
If you are a calendar-year filer, check the box in the upper right
If you do all of your New York State business within the 12 counties
corner on the front of the form.
of the MCTD, skip lines 1 through 8 and enter 100% on line 9.
If you are a fiscal-year filer, complete the beginning and ending tax
If you do part of your business outside the MCTD, compute your
period boxes in the upper right corner on the front of the form.
MCTD allocation percentage by completing lines 1 through 8.
File your return within 22 months after the end of your reporting
Corporations taxable under Article 33 that are filing on a combined
period. If you are reporting for the calendar year, file your return on
basis must use a combined MCTD allocation percentage.
or before March 15. If your filing date falls on a Saturday, Sunday,
or legal holiday, file your return on or before the next business day.
Determine MCTD premiums and MCTD wages using the same
principles set out in section 1504(a) and (b) of the Tax Law to
Mail your return to: NYS CORPORATION TAX, PROCESSING
determine New York premiums and New York wages, salaries,
UNIT, PO BOX 22038, ALBANY NY 12201-2038
commissions, and other compensation.
See Form CT-33-I or Form CT-33-A-I for an alternative address if
Line 4 — Multiply the percentage on line 3 by nine.
you wish to use a private delivery service.
Line 7 — Divide MCTD wages by New York wages.
Extension of time for filing MTA surcharge return
Line 9 — Divide the sum of the percentages on line 8 by ten.
You may request additional time to file Form CT-33-M. To do this,
file Form CT-5 or Form CT-5.3 on or before the due date of the
Line 10 — Enter your New York State franchise tax from your
return for which you are requesting the extension, and pay the MTA
franchise tax return, Form CT-33, line 13, or Form CT-33-A, line 18.
surcharge you estimate to be due.
Line 13 — Insurance corporations organized or domiciled in
Employer identification number, file number, and other
New York State may claim a credit on this line for 90% of retaliatory
identifying information
taxes paid to other states for the privilege of doing business in
those states, resulting from the imposition of the MTA surcharge for
For us to process your corporation tax forms as quickly and
the 1999 tax year. Enter the smaller of 90% of retaliatory taxes paid
efficiently as possible, it is important that we have the necessary
in 1999 attributable to the 1999 MTA surcharge or the amount of
identifying information from your preprinted label. Keep a record
MTA surcharge shown on line 12. Attach computation. Enter “0” if
of the label information for future use. Please be certain to
you are not claiming a retaliatory tax credit. To claim a refund for
include your employer identification number, file number, and filing
retaliatory taxes paid in 1999 as a result of the imposition of the
period on each corporation tax form mailed. Without this
MTA surcharge for previous periods, see lines 29 through 38.
information, we may not be able to process your return.
Line 15b — If you are an individual taxpayer and did not file
If you use a paid preparer or accounting firm, make sure they use
Form CT-5, Request for Six-Month Extension of Time to File , and
the mailing label or label information when completing all forms
your franchise tax exceeds $1,000, enter either 40% of line 14 if
prepared for you.
you are a life insurance company, or 25% of line 14 if you are a
Change of business information
nonlife insurance company. Your franchise tax can be found on
line 13 of Form CT-33.
If there have been any changes in your business name,
identification number, mailing address, business address,
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