CT-33-M: Insurance Corporation MTA Surcharge Return (2024)
New York · NY DTF · Used for tax years 2024
Form CT-33-M is New York’s Insurance Corporation MTA Surcharge Return. It calculates the Metropolitan Commuter Transportation District (MCTD) allocation percentage and reports the MTA surcharge, credits, prepayments, and any balance due or refund claimed.
Who files this form
Insurance corporations must complete Form CT-33-M if they do business, employ capital, own or lease property, or maintain an office in the Metropolitan Commuter Transportation District (MCTD).
The MCTD includes these counties: New York, Bronx, Kings, Queens, Richmond, Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, and Westchester.
If none of these activities applies, you do not have to file this form. However, you must disclaim liability for the MTA surcharge on Form CT-33-NL, CT-33, or CT-33-A.
What you'll need
Have the following information and applicable forms ready:
- Your corporation’s EIN, file number, legal name, mailing address, incorporation information, and tax period beginning and ending dates.
- Form CT-33-NL, CT-33, or CT-33-A, as applicable, for the tax and premium amounts referenced on this return.
- Records of MCTD premiums. Form CT-33 and CT-33-A filers also need New York State and MCTD wage amounts.
- Prepayment details, including applicable payments from Forms CT-300 and CT-400, extension payments from Form CT-5 or CT-5.3, and overpayments credited to this return.
- Retaliatory tax and previously allowed credit amounts, if claiming an MTA surcharge retaliatory tax credit.
How to file
Enter your tax period and corporation information, complete the applicable calculations, and have an authorized person sign and date the certification.
If payment is due, pay the amount on line 22 and enter the payment amount on line A. Make the 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 filing address or e-file directions are provided in the supplied text.
Common mistakes
- Leaving out the tax period: All filers must enter beginning and ending dates.
- Missing the overpayment checkbox: Mark an X in the designated box if you claim an overpayment.
- Leaving check stubs attached: The payment directions say to detach all check stubs.
- Overlooking special allocation instructions: If line 4 or line 7 is zero, line 9 directs you to the instructions.
- Missing the Form CT-222 checkbox: Mark an X on line 19 if Form CT-222 is attached.
Questions people ask
Which allocation lines should my corporation use?
Authorized non-life insurance corporations use lines 1a through 2. Life insurance corporations and unauthorized insurance corporations use lines 3a through 9.
What surcharge rate appears on the form?
Line 12 calculates the MTA surcharge before the retaliatory tax credit by multiplying the allocated tax on line 11 by 17% (0.17).
Can an overpayment be credited instead of refunded?
Yes. Lines 24 and 25 allow you to apply available overpayment to New York State franchise tax or next year’s MTA surcharge. Line 26 calculates the remaining amount to be refunded.
Can I update my corporation’s address or phone number online?
Yes. The form says you can update address or phone information online and refers you to the Business information section in Form CT-1.