CT-33-C: Captive Insurance Company Franchise Tax Return (2025)
New York · NY DTF · Used for tax years 2025
Form CT-33-C is New York’s Captive Insurance Company Franchise Tax Return under Tax Law Article 33. It calculates tax on New York State gross direct premiums and reinsurance premiums, compares that amount with the minimum tax, and reports prepayments, any balance due, or an overp
Who files this form
Form CT-33-C is New York’s Captive Insurance Company Franchise Tax Return under Tax Law Article 33. The form does not provide detailed rules for determining which companies must file.
What you'll need
Attach both of these documents:
- A copy of your complete federal return.
- A copy of your New York Captive Insurance Company Annual Statement as filed with the New York State Department of Financial Services.
To complete the return, have your New York State gross direct premium and reinsurance premium amounts, company identification details, and prepayment records available. The prepayment section includes payments from Forms CT-300 and CT-400, an extension payment from Form CT-5, line 5, and overpayments credited from prior years.
How to file
- Enter the beginning and ending dates of your tax period and complete the company information.
- Complete the tax calculation and prepayment sections. Enter total prepayments from line 27 on line 14.
- Attach the required federal return and annual statement, and complete the authorized person’s certification and signature fields.
- If paying a balance due, enter the payment amount on line A. Make payment payable to New York State Corporation Tax, attach it where indicated, and detach all check stubs.
The form says to see the instructions for where to file. No instructions were supplied, so the provided text does not give a mailing address or e-file directions.
Common mistakes
- Leaving the tax period blank. The form says all filers must enter beginning and ending dates.
- Forgetting to mark the overpayment box when claiming an overpayment.
- Omitting the required copies of the complete federal return and New York Captive Insurance Company Annual Statement.
- Leaving check stubs attached to a payment. The form directs you to detach all check stubs.
- Attaching Form CT-222 without marking the box on line 16.
Questions people ask
What minimum tax does the 2025 form show?
Line 10 shows a minimum tax of $5,000. Line 11 requires the greater of the tax based on premiums on line 9 or the minimum tax on line 10.
Which federal return type should I indicate?
Mark one of the listed choices: 1120-L, 1120-PC, Consolidated, or Other.
Can I apply an overpayment to the next period?
Yes. Line 21 lets you enter the amount of overpayment to credit to the next period. Line 22 calculates the refund by subtracting line 21 from the available overpayment on line 20c.
How can I update the company’s address or phone number?
The form says you can update address or phone information online for corporation tax or other tax types. It refers you to “Business information” in Form CT-1.