CT-187: Election or Revocation of Election By Railroad and Trucking Corporations To Be Taxable Under Article 9 (Revision 2016-12)
New York · NY DTF · Used for tax years 2024
Form CT-187 lets railroad and trucking corporations elect to be taxed under New York Tax Law Article 9, sections 183 and 184, or revoke a previous election. The election remains in effect until revoked, and revocation is permanent and makes the corporation subject to Article 9-A.
Who files this form
Railroad and trucking corporations use Form CT-187 to elect taxation under Article 9, sections 183 and 184, or to revoke a previous election. These corporations are otherwise subject to tax under Article 9-A.
The form's definition includes corporations, joint-stock companies, limited liability companies, publicly traded partnerships taxed as corporations under the Internal Revenue Code, and associations formed for or principally engaged in railroad, palace car, sleeping car, or trucking businesses, or a combination of those businesses.
When it's due
For the 2024 tax year, the form gives these timing rules:
- Election: File no later than the due date, without extensions, of the first return that would be due under Article 9, section 183 or 184, or Article 9-A. The text does not give a calendar date for this deadline.
- Revocation: File by April 15 of the first year the corporation is not to be taxed under Article 9. If April 15 falls on a Saturday, Sunday, or legal holiday, the deadline is the next business day.
- Effective date of revocation: A timely revocation takes effect January 1 of that year. A late revocation takes effect the following January 1.
What you'll need
Have the information requested on the form ready:
- Employer identification number, file number, and business telephone number.
- Corporation's legal name, trade name or DBA, and mailing name and address.
- State or country of incorporation and date of incorporation.
- For foreign corporations, the date business began in New York State.
- For an election, the year it should begin. For a revocation, the date the previous election was made.
- Authorized person's printed name, signature, official title, email address, telephone number, and date.
How to file
- Enter the corporation's identifying and contact information.
- Mark an X in the appropriate box and complete either the Election section or the Revocation of election section.
- Have an authorized person complete and sign the applicable certification.
- Mail the form to:
NYS TAX DEPARTMENT
CORPORATION TAX ACCOUNT RESOLUTION
W A HARRIMAN CAMPUS
ALBANY NY 12227-0852
For private delivery services, see Publication 55, Designated Private Delivery Services. The supplied text does not provide an e-file method.
Common mistakes
- Counting on an extension for the election: The election deadline is based on the first return's due date without extensions.
- Filing a revocation late and expecting it to apply that year: A late revocation takes effect the following January 1.
- Assuming a revocation can be reversed: Revocation is permanent. Once revoked, the corporation cannot later elect again to be taxed under Article 9, sections 183 and 184.
Questions people ask
How long does an election last?
It applies to the year entered on the form and subsequent years, and remains in effect until revoked.
What happens when the corporation revokes its election?
The corporation becomes subject to Article 9-A, Franchise Tax on Business Corporations. The revocation is permanent.
Where can I find more information about filing requirements?
See Filing requirements for railroad and trucking corporations in Form CT-183/184-I, or TSB-M-97(8)C.
Can I update the corporation's address or phone information online?
Yes. The form says these updates can be made online for corporation tax or other tax types. See Business information in Form CT-1.