CT-224: Public Utility, Power Producer, and Pipeline Adjustments (2025)
New York · NY DTF · Used for tax years 2025
Form CT-224 reports New York additions and subtractions for qualified public utilities and transferees, qualified power producers, and qualified pipeline corporations. It covers transition property adjustments and a New York State regulatory asset deduction and is filed with Form
Who files this form
Form CT-224 covers adjustments for these groups:
- Qualified public utilities and transferees: Schedule A.
- Qualified power producers and qualified pipeline corporations: Schedule B.
The form text does not explain the qualifications for these groups. It directs filers to Form CT-224-I for details.
What you'll need
The form calls for:
- The corporation’s legal name and employer identification number (EIN).
- Federal and New York depreciation amounts for transition property.
- For Schedule A, applicable federal and New York gains and losses from transition property sales, transition property basis adjustment carryovers, and the New York State regulatory asset deduction.
File CT-224 with Form CT-225 or Form CT-225-A. The form refers to Form CT-224-I for completion instructions.
How to file
File Form CT-224 with Form CT-225 or Form CT-225-A.
The supplied form text does not provide a mailing address or e-file instructions. For details about completing CT-224, it directs you to Form CT-224-I.
Questions people ask
Which schedule is for qualified public utilities and transferees?
Use Schedule A. It includes other additions on lines 1 through 4 and other subtractions on lines 5 through 11.
Which schedule is for qualified power producers and qualified pipeline corporations?
Use Schedule B. Report the federal depreciation deduction for transition property as an addition on line 12 and the New York depreciation deduction as a subtraction on line 13.
How are the Schedule A totals calculated?
Add lines 1, 2, and 3 and enter the result on line 4. Add lines 5 through 10 and enter the result on line 11.
What form should CT-224 accompany?
File it with Form CT-225 or Form CT-225-A.
Where does the form direct me for completion instructions?
See Form CT-224-I, Instructions for Form CT-224.