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		Department of Taxation and Finance								CT-247
		Application for Exemption from Corporation Franchise								CT-247
		Taxes by a Not-for-Profit Organization								(12/20)
										(12/20)

Mailingname addressand	Legal name of corporation					Employer identification number (EIN)			For office use only

	Mailing name (if different from legal name)
	Mailing name (if different from legal name)
	c/o
	Number and street or PO box			City			State	ZIP code

NYS	principal business activity					Date tax exemption claimed from			For audit use only

Form of organization (mark an X in the appropriate box)						Business/officer telephone number
Corporation		Association	Trust		Other	(	)
									Taxable	Exempt
Date of formation				State or country of incorporation					Taxable	Exempt

Indicate exact name of the law under which the entity was formed (general corporation, not-for-profit, membership, etc.). Cite statutory provisions.

Federal return filed (mark an X in one):			Form 990	Form 990‑T	Form 1120	Other:
For lines 1 through 7, mark an X in the YES or NO box
1	Is the entity organized and operated as a not-for-profit organization?						Yes
2	Is the entity authorized to issue capital stock? (If Yes, also mark an X in the appropriate box below.)					..............................	Yes
	Title holding company	Collective investment		Other:
	Title holding company	Collective investment		Other:
	List shareholders:
	List shareholders:

3	Does any part of the net earnings of the organization benefit any officer, director, or member?		Yes	No
4	Does the entity meet the qualifications for exemption from federal income tax? (See General information)		Yes	No
	If No, stop. You do not qualify as an exempt organization.
5	Did the entity apply for federal exemption?		Yes	No
	If Yes, indicate date of exemption	. Attach a copy of your federal exemption letter.
	If Yes, indicate date of exemption	. Attach a copy of your federal exemption letter.
6	Is the entity engaged in an unrelated business activity at a location in New York State (NYS)?		Yes	No

7Is the entity operating as a trust under Internal Revenue Code (IRC) section 401(a) and exempt from federal

..................................................................................................................income tax under IRC section 501(a)?

Yes

8List location and type of activity for each office and other places of business (attach separate sheet if necessary).

	Location	Nature of activity
9

	List officers, employees, agents, and representatives in NYS and briefly describe their duties (attach separate sheet if necessary).
	Name	Title	Duties


10 List type and use of real property owned in NYS (attach separate sheet if necessary).
	Type	How used

11 Describe any NYS activities not shown above (attach separate sheet if necessary).

Certification: I certify that this application and any attachments are to the best of my knowledge and belief true, correct, and complete.

Willfully filing a false application is a misdemeanor punishable under the Tax Law.

Authorized

Printed name of authorized person

Signature of authorized person

Official title

person

E‑mail address of authorized person

Telephone number

Date

(

)

Paid

Firm’s name (or yours if self-employed)

Firm’s EIN

Preparer’s PTIN or SSN

preparer

Signature of individual preparing this application

Address

City

State

ZIP code

use

only

E‑mail address of individual preparing this application

Preparer’s NYTPRIN

Excl. code Date

(see instr.)

Page 2 of 2 CT-247 (12/20)

Instructions

General information

Certain not-for-profit and religious corporations are exempt from the New York State (NYS) corporation franchise tax imposed by Tax Law Article 9-A

(Article 9-A regulations, section 1-3.4(b)(6)). You must file Form CT-247 to apply for exemption.

Generally, a corporation or an organization treated as a

corporation must meet all of the following requirements to be tax exempt:

•It must be organized and operated as a not-for-profit organization.

•It must not have stock, shares, or certificates for stock or for shares. Not-for-profit corporations that issue stock are taxable under Article 9-A. However, title

holding companies as described in Internal Revenue

Code (IRC) section 501(c)(2), and collective investment entities as described in IRC section 501(c)(25), are exempt from tax under Article 9-A. For additional

information, see TSB‑M‑87(9)C, Exemption for Title

Holding Companies (THC) and Collective Investment

Entities (CIE).

•No part of its net earnings may benefit any officer, director, or member.

•It must be exempt from federal income taxation under IRC section 501, subsection (a).

If the organization meets all of the above requirements, it will be presumed to be exempt from tax under Tax Law Article 9-A. An organization denied exemption from taxation under the IRC will be presumed to be subject to tax under Article 9-A.

An organization whose tax exempt status has been

revoked and later restored by the Internal Revenue

Service (IRS), must file a new application on

Form CT‑247. The new application must be approved before any tax-exempt status under Article 9-A is restored.

Not-for-profit, nonstock organizations that are subject to the federal tax on unrelated business income are taxable under NYS Tax Law Article 13, if they pursue those unrelated business activities in NYS. File Form CT-13, Unrelated Business Income Tax Return, to report those

activities.

Organizations required to file federal Form 1120 may be taxable under Article 9-A and may be required to file Form CT-3, General Business Corporation Franchise Tax Return.

When filing Form CT-247, submit all documents granting or denying exemption from tax by the IRS, the

corporation’s articles of incorporation, and its bylaws.

Promptly report any changes in the corporation’s federal tax status to the NYS Tax Department.

Any exemption granted by the filing of Form CT-247 is strictly for NYS corporation franchise tax. For federal exemption, contact the IRS.

Any inquiry on the taxable status of an organization must be in writing, signed by an officer of the organization, and mailed to the address under How to file.

Refund of franchise taxes

If the organization paid franchise taxes in error, request a refund by filing an amended return. A housing

development fund company must submit proof that it was organized under Private Housing Finance Law Article 11.

How to file

Fax to:

518-435-2995 (preferred response method)

Or mail to: NYS Tax Department, Corporation Tax Account Resolution, W A Harriman Campus, Albany NY 12227-0852.

Private delivery services

See Publication 55, Designated Private Delivery Services.

Signature

The application must be certified by the president, vice

president, treasurer, assistant treasurer, chief accounting

officer, or other officer authorized by the taxpayer

corporation.

The application of an association, publicly traded partnership, or business conducted by a trustee or trustees must be signed by a person authorized to act for the association, publicly traded partnership, or business.

If an outside individual or firm prepared the application,

all applicable entries in the paid preparer section must be completed, including identification numbers (see Paid preparer identification numbers in Form CT‑1). Failure

to sign the application will delay the processing of any refunds and may result in penalties.

Need help? and Privacy notification

See Form CT‑1, Supplement to Corporation Tax Instructions.

Question	Answer
Form Name	Form Ct 247
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	form ct 247, you 247 ct247, form any exemption form, ct247

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