CT-33-NL: Non-Life Insurance Corporation Franchise Tax Return (2024)
New York · NY DTF · Used for tax years 2024
Form CT-33-NL is New York’s Non-Life Insurance Corporation Franchise Tax Return under Tax Law Article 33. It reports taxable insurance premiums, calculates franchise tax, and accounts for tax credits, prepayments, balances due, and overpayments.
Who files this form
Form CT-33-NL is the Non-Life Insurance Corporation Franchise Tax Return under New York Tax Law Article 33.
The form does not give detailed rules for determining which corporations must file it.
What you'll need
Attach copies of these documents:
- Your Annual Report of Premiums and Exhibit of Premiums and Losses (New York), as filed with the New York State Department of Financial Services.
- These Annual Statement schedules: Exhibit of Premiums Written, Schedule T; Schedule F, Reinsurance, Parts 1 and 3; and Underwriting and Investment Exhibit, Part 1B - Premiums Written.
- Applicable tax credit forms for credits claimed.
- Supporting documentation for applicable amended-return items, if you are amending the return.
You will also need your corporation's EIN, tax-period dates, premium figures, and prepayment amounts and payment dates. The prepayment section refers to Forms CT-300, CT-400, CT-5, and CT-33-M, as applicable.
How to file
The form says to see the instructions for where to file. No instructions were provided, so the supplied text does not give a mailing address or e-file directions.
For payment, the form directs you to:
- Pay the balance due on line 15 and enter the payment amount on line A on page 1.
- Make payment payable to New York State Corporation Tax.
- Attach payment in the designated space and detach all check stubs.
The certification section includes spaces for the authorized person's printed name, signature, official title, contact information, and date.
Common mistakes
- Leaving the tax period blank: All filers must enter the beginning and ending dates.
- Missing the overpayment checkbox: Mark the box on page 1 if you claim an overpayment.
- Omitting attachments: Attach the required insurance reports and schedules, plus applicable credit forms.
- Leaving check stubs attached: The payment directions say to detach all check stubs.
- Not identifying disregarded entities: If you include a disregarded entity, enter its legal name and EIN. If there is more than one, attach a list of names and EINs.
- Missing amended-return documentation: If filing an amended return, mark the applicable items in the amended-return section and attach documentation.
Questions people ask
When does the form require Form CT-33-M?
If you did business, employed capital, owned or leased property, or maintained an office in the Metropolitan Commuter Transportation District during the tax year, mark Yes to the MTA surcharge question. The form says you must then file Form CT-33-M.
What premium tax rates appear on the form?
Line 1 multiplies accident and health insurance premiums by 0.0175, or 1.75%. Line 2 multiplies other non-life insurance company premiums by 0.02, or 2%.
What can I do with an overpayment?
The form provides lines to credit an available overpayment to the next period, credit an amount to Form CT-33-M, and request a refund of the remaining overpayment.
How do I update my corporation's address or phone number?
The form says you can update address or phone information online. It refers you to Business information in Form CT-1.