form ct-3-4-i:2011: instructions for forms ct-4, ct-3, and ... · new york state department of...

New York State Department of Taxation and Finance

Instructions for Forms CT-4, CT-3, and CT-3-ATTGeneral Business Corporation Franchise Tax Returns

CT-3/4-I

Table of contents PageForm CT-1, Supplement to Corporation Tax Instructions .......................................................... 1Who must file ............................................................................................................................. 1Which form to file ...................................................................................................................... 2Other forms you may need to file .............................................................................................. 2When to file ............................................................................................................................... 3Where to file .............................................................................................................................. 4Penalties and interest ................................................................................................................ 4Is this an amended return? ........................................................................................................ 4 Filing your final return ................................................................................................................ 5Reporting period ....................................................................................................................... 5Overview of corporation franchise tax ...................................................................................... 5 How to fill out your tax return .................................................................................................... 7Line instructions for Form CT-4 ................................................................................................. 7Line instructions for Form CT-3 ................................................................................................. 11Line instructions for Form CT-3-ATT ......................................................................................... 21

Form CT-1, Supplement to Corporation Tax InstructionsSee Form CT-1 for the following topics:

• Changesforthecurrenttaxyear(generalandbyTaxLawArticle)

• Businessinformation(howtoenterandupdate)

• Entryformats— Dates— Negative amounts— Percentages— Whole dollar amounts

• Third-partydesignee

• Paidprepareridentificationnumbers

• Isyourreturninprocessibleform?

• Useofreproducedandcomputerizedforms

• Electronicfilingandelectronicpaymentmandate

• WebFile

• FormCT-200-V

• Collectionofdebtsfromyourrefundoroverpayment

• Feeforpaymentsreturnedbybanks

• Reportingrequirementsfortaxshelters

• Taxshelterpenalties

• VoluntaryDisclosureandComplianceProgram

• YourrightsundertheTaxLaw

• Needhelp?

• Privacynotification

Who must file

Domestic corporations —Adomesticcorporation(incorporatedinNewYorkState)isgenerallyliableforfranchisetaxesforeachfiscalorcalendaryear, or part thereof, during which it is incorporated until it is formally dissolvedwiththeDepartmentofState(www.dos.state.ny.us).However,adomesticcorporationthatisnolongerdoingbusiness,employingcapital,or owning or leasing property in New York State is exempt from the fixed dollar minimum tax for years following its final tax year and is no longer requiredtofileafranchisetaxreturnprovideditmeetstherequirementslistedinTSB-M-06(5)C,Certain Domestic Business Corporations Exempt from the Article 9-A Fixed Dollar Minimum Tax.

Foreign corporations —Aforeigncorporation(incorporatedoutsideofNewYorkState)isliableforfranchisetaxesduringtheperiodinwhichitisdoingbusiness,employingcapital,owningorleasingproperty,ormaintaining an office in New York State. In addition, a foreign corporation authorizedtodobusinessinNewYorkStateisalsoliableforpaymentof its annual maintenance fee, until such time as it surrenders to the DepartmentofStateitsauthoritytodobusiness,regardlessofwhetheritisdoingbusiness,employingcapital,owningorleasingproperty,ormaintaining an office in the state.

AllgeneralbusinesscorporationsotherthanNewYorkScorporationsmust file franchise tax returns using either Form CT-3 or CT-4. This includesbothdomesticcorporationsandforeigncorporationsthatdobusiness,employcapital,ownorleaseproperty,ormaintainanofficeinNewYorkState.AgeneralbusinesscorporationthathaselectedtobetreatedasanScorporationbyfilingFormCT-6,Election by a Federal S Corporation to be Treated As a New York S Corporation, must file Form CT-3-S, New York S Corporation Franchise Tax Return, instead of Form CT-3 or CT-4.

Mandated New York S corporations — ShareholdersofeligiblefederalScorporationsthathavenotmadetheelectiontobetreatedasaNewYorkScorporationforthecurrenttaxyearwillbedeemedtohavemadethat election and must file Form CT-3-S if the corporation’s investment incomeismorethan50%ofitsfederalgrossincomeforthatyear.Forpurposes of the mandated New York State S election, investment income meansthesumofaneligibleScorporation’sgrossincomefrominterest,dividends, royalties, annuities, rents and gains derived from dealings in property, including the corporation’s share of such items from a partnership,estate,ortrust,totheextentsuchitemswouldbeincludablein the corporation’s federal gross income for the tax year. This provision doesnotapplytoScorporationssubjecttotaxunderTaxLawArticle32(FranchiseTaxonBankingCorporations).

The definition of a corporation, as used in Tax Law Article 9-A and in these instructions,includesassociations,limitedliabilitycompanies,limitedliabilitypartnerships,andpubliclytradedpartnershipsthataretaxedascorporationsundertheInternalRevenueCode(IRC).Formoreinformation,seeTSB-M-89(12)C,Definition of Corporation.

Ageneralbusinesscorporationincludesallcorporationsexcept:

—bankingcorporations(Article32);—insurancecorporations(includingfor-profitHMOsrequiredtoobtain

acertificateofauthorityunderArticle44ofthePublicHealthLaw)(Article33);

—transportationandtransmissioncorporations(otherthanaviationcorporations, corporations principally engaged in transportation, transmission,ordistributionofgas,electricity,orsteam

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(TTDcorporations),andnonelectingrailroadandtruckingcorporations)(Article9);

— farmersandagriculturalcooperatives(Article9);— nonstock, not-for-profit corporations, no part of the net earnings of

whichinurestothebenefitofanyofficer,director,ormember;— continuingsection186taxpayers(Article9).

Corporate partners

• Ifapartnershipisdoingbusiness,employingcapital,owningorleasingproperty, or maintaining an office in New York State, then all of its corporate general partners must file franchise tax returns.

• Aforeigncorporationisdoingbusiness,employingcapital,owningor leasing property, or maintaining an office in New York State if it is alimitedpartnerofapartnership(otherthanaportfolioinvestmentpartnership)thatisdoingbusiness,employingcapital,owningorleasing property, or maintaining an office in New York State, and if it is engaged, directly or indirectly, in the participation or in the domination orcontrolofalloranyportionofthebusinessactivitiesoraffairsofthepartnership.Formoreinformation,seeNewYorkState(NYS)Regulationsection1-3.2(a)(6)(i).

Transitional provisions for the Gramm-Leach-Bliley (GLB) Act — UnderthefederalGLBAct,anentitywascreatedcalledafinancial holding company (FHC)thatcanownbanks,insurancecompanies,andsecuritiesfirms.AsaresultoftheGLBAct,theTaxLawwasamendedin2000toallow certain corporations that were taxed under Article 9-A or Article 32 in 1999toretaintheirtaxstatusin2000.ThesetransitionalprovisionswereextendedsotheynowexpirefortaxyearsbeginningonorafterJanuary1,2013.TheGLBprovisionsdonotprecludetaxpayersthatmadetheonetimeelectiontoremaintaxableunderArticle9-A,pursuanttoArticle32section1452(d)(thegrandfatherelection),fromrevokingthatelection.

Revocation of Article 9-A status — PursuanttoTaxLawsection1452(d),acorporation65%ormoreownedbyabankorabankholdingcompanyasdescribedinTaxLawsection1452(a)(9)thatwassubjecttotaxunderArticle9-Aforitstaxyearendingin1984,wasallowedin1985tomakeaone-timegrandfatherelectiontocontinuetobetaxableunderArticle9-A.Thiselectionremainsineffectuntilrevokedbythetaxpayer.Innoeventcantherevocationoftheelectionbeforpartofthetaxyear.TherevocationismadebythefilingofataxreturnunderTaxLawArticle32.However,ifanyoftheconditionssetforthbelowexistoroccurinataxyearbeginningonorafterJanuary1,2007,withrespecttotheelectingcorporation,theelectionwillbedeemedrevokedasofthefirstdayofthetaxyearinwhichthe condition applied.

IfanyoftheconditionssetforthbelowexistoroccurinataxyearbeginningonorafterJanuary1,2007,withrespecttoacorporationrequiredtobetaxableunderArticle9-ApursuanttotheGLBprovisionsof Tax Law section 1452, then such corporation, if it otherwise meets the requirementsofTaxLawsection1452(a),willbetaxableunderArticle32asof the first day of the tax year in which the condition applied.

IfanyoftheconditionssetforthbelowexistoroccurinataxyearbeginningonorafterJanuary1,2007,withrespecttoacorporationthathasmadetheelectiontobetaxableunderArticle9-ApursuanttotheGLBprovisionsofTaxLawsection1452,thentheelectingcorporationwillbedeemed to have revoked the election as of the first day of the tax year in which the condition applied.

Conditions

• ThecorporationceasestobeataxpayerunderArticle9-A.

• ThecorporationhasnowagesorreceiptsallocabletoNewYorkStatepursuanttoTaxLaw,Article9-A,section210.3,orisotherwiseinactive.However, this condition does not apply to a corporation that is engaged intheactiveconductofatradeorbusiness,orsubstantiallyalloftheassets of which are stock and securities of corporations that are directly orindirectlycontrolledbyitandareengagedintheactiveconductofatradeorbusiness.

• 65%ormoreofthevotingstockofthecorporationbecomesownedorcontrolleddirectlybyacorporationthatacquiredthestockinatransaction(orseriesofrelatedtransactions)thatqualifiesasapurchasewithinthemeaningofIRCsection338(h)(3),unlessbothcorporations,immediatelypriortothepurchase,weremembersofthesameaffiliatedgroup(assuchtermisdefinedinIRCsection1504withoutregardtotheexclusionsprovidedforin1504(b)).However,anyacquisitionthatwascompletedonorbeforeJanuary3,2007,shallbetreatedasanewacquisitionmadebeforeJanuary1,2007.

• Thecorporation,inatransactionorseriesofrelatedtransactions,acquiresassets,whetherbycontribution,purchase,orotherwise,

having an average value as determined in accordance with Tax Law section210.2(or,ifgreater,atotaltaxbasis)inexcessof40%oftheaveragevalue(or,ifgreater,thetotaltaxbasis)ofallassetsofthecorporationimmediatelypriortotheacquisitionand,asaresultoftheacquisition,thecorporationisprincipallyengagedinabusinessthatisdifferentfromthebusinessimmediatelypriortotheacquisition(providedthatsuchdifferentbusinessisdescribedinTaxLawsection1452(a)(9)(i),(ii),or(iii)).

Which form to file

MostgeneralcorporationsfileeitherFormCT-4orCT-3.Taxpayerswhohave filed Form CT-3 in the past should review the filing constraints to determinewhethertheyarenoweligibletofiletheshortform(FormCT-4).

You may use Form CT-4 if the following conditions exist:

— yourproperty(ownedorleased),employees,andbusinessactivitiesareentirelyinNewYorkState;and

— youdonotclaimtaxcredits;and— youhavenofederaladjustmentortaxpreferenceitemsotherthan

depreciationthatwouldbeusedtocomputetheminimumtaxableincome(MTI)base.

You may use Form CT-4 even if:

— youclaimanetoperatinglossdeduction(NOLD)oranalternativenetoperatinglossdeduction(ANOLD);or

— youclaimtheexemptionfromthetaxonbusinessandinvestmentcapitalavailabletonewsmallbusinesses.

You must use Form CT-3 if any of the following conditions exist:

— You claim a deduction for optional depreciation.— You claim any tax credits.— Youarearealestateinvestmenttrust(REIT),arealestateinvestment

company(RIC),ataxabledomesticinternationalsalescorporation(DISC),orastockholderinaDISC.

— Youwereinvolvedinamerger,acquisition,orconsolidationduringthecurrent tax year.

— YouhavebusinessincomeorcapitalattributabletosourcesoutsideNew York State, and you want to allocate this income and capital.

— You have investment income or capital.— Youhaveasubsidiary(anothercorporationofwhichyouownmorethan

50%ofitsvotingstock).— Youhavefederaladjustments(otherthanthedepreciationadjustmentor

theANOLD)ortaxpreferenceitemsusedtocomputeMTI.

— YouarerequiredtomakeanadditiononFormCT-3,line8.Foralistingof these additions, see page 13.

— YouhaveasubtractiononFormCT-3,line15,otherthanthesubtractionsallowedonFormCT-4,line10.Foralistingofthesesubtractions,seepage14.

— You are a corporation that is principally engaged in aviation.

— Youareaqualifiedpublicutility,atransferee,aqualifiedpowerproducer,oraqualifiedpipelinecorporation.

Foreign corporations authorized to do business but disclaiming tax liabilityForm CT-245, Maintenance Fee and Activities Return for a Foreign Corporation Disclaiming Tax Liability. A foreign corporationauthorizedtodobusinessinNewYorkStatebutdisclaimingtaxliabilitymustfilethisform.Theannualmaintenancefeeis$300,unlessyou file a short period return, which may reduce your maintenance fee to lessthan$300.

Ifyouaredisclaimingtaxliability,youdonothavetofileFormCT-3orCT-4.Ifitisdeterminedthatafranchisetaxreturnisrequired,thisfeemaybeclaimed as a credit against any tax due under Article 9-A.

Other forms you may need to file

Form CT-3-B, Tax Exempt Domestic International Sales Corporation (DISC) Information Return. A tax-exempt DISC must filethisformonorbeforethe15thdayoftheninthmonthaftertheendofthe tax year.

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Form CT-3-C, Consolidated Franchise Tax Return. Stockholders of tax-exempt DISCs must file an individual return on Form CT-3 and a consolidated return with the DISC on Form CT-3-C.

Tax-exempt DISCs — AcorporationthatqualifiesasaDISCunderIRCsection992(a)isexemptfromtaxunderTaxLawArticle9-Aifduringtheyearitreceivedmorethan5%ofits:

• gross sales from the sale of inventory or other property purchased from itsstockholders;

• gross rentals from the rental of property purchased or leased from its stockholders;or

• total receipts, other than sales or rentals, from its stockholders.

Taxable DISCsareDISCsthatdonotmeetthe5%testunderTax-exempt DISCs.TaxableDISCsmustfileFormCT-3onorbeforethe15thdayoftheninthmonthaftertheendofthetaxyear.SuchaDISCissubjecttothetax on allocated capital or the fixed dollar minimum, whichever is larger, plusataxonsubsidiarycapital.WriteDISC after the legal name of the corporation in the address section of the return.

Form CT-3M/4M, General Business Corporation MTA Surcharge Return,mustbefiledbyanycorporationtaxableunderArticle9-Athatdoesbusiness,employscapital,ownsorleasesproperty,ormaintainsanofficeintheMetropolitanCommuterTransportationDistrict(MCTD).TheMCTDincludesthecountiesofNewYork,Bronx,Kings, Queens, Richmond, Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, and Westchester.

Form CT-33-D, Tax on Premiums Paid or Payable to an Unauthorized Insurer. IfyoupurchaseorrenewataxableinsurancecontractdirectlyfromaninsurernotauthorizedtotransactbusinessinNew York State under a Certificate of Authority from the Superintendent ofFinancialServices,youmaybeliableforataxof3.6%(.036)ofthepremium.Formoreinformation,seeFormsCT-33-D(4/11),Tax on Premiums Paid or Payable To an Unauthorized Insurer For Taxable Insurance Contracts with an Effective date before July 21, 2011; and CT-33-D(7/11), Tax on Premiums Paid or Payable To an Unauthorized Insurer For Taxable Insurance Contracts with an Effective Date on or after July 21, 2011.

Form CT-60-QSSS, Qualified Subchapter S Subsidiary Information Schedule. You must file this form to notify the Tax DepartmentthataqualifiedsubchapterSsubsidiary(QSSS)isincludedinyourreturn.RemembertomarkanXinthelineCbox on page 1 of FormCT-4orCT-3,andattachFormCT-60-QSSStoeitheryourFormCT-4or CT-3.

Qualified subchapter S subsidiary (QSSS)ThefilingrequirementsforaQSSSthatisownedbyafederalScorporationthat is a New York C corporation or a nontaxpayer corporation are outlined below.WhereNewYorkStatefollowsfederalQSSStreatment,theparentand QSSS file a single franchise tax return. The QSSS is ignored as a separatetaxableentity,andtheassets,liabilities,income,anddeductionsof the QSSS are included on the parent’s franchise tax return. However, for other taxes, such as sales and excise taxes, and the license and maintenancefeesimposedunderArticle9,theQSSScontinuestoberecognizedasaseparatecorporation.

• Parent is a New York C corporation — New York State follows the federalQSSStreatmentif(1)theQSSSisaNewYorkStatetaxpayer;or(2)theQSSSisnotaNewYorkStatetaxpayerbuttheparentmakesaQSSSinclusionelection.Inbothcases,theparentandQSSSaretaxedas a single New York C corporation, and file Form CT-3 or CT-4. If the parent does not make a QSSS inclusion election, it files Form CT-3 or CT-4asaNewYorkCcorporationonastand-alonebasis.

• Nontaxpayer parent — New York State follows the federal QSSS treatmentwheretheQSSSisaNewYorkStatetaxpayerbuttheparentisnot,iftheparentelectstobetaxedasaNewYorkScorporationbyfilingFormCT-6.TheparentandQSSSaretaxedasasingleNewYork S corporation, and file Form CT-3-S. If the parent does not elect tobeaNewYorkScorporation,theQSSSmustfileasaNewYorkCcorporationonastand-alonebasisonFormCT-3orCT-4.

• Exception: excluded corporation —Notwithstandingtheaboverules,QSSStreatmentisnotallowedunlessbothparentandQSSSaregeneralbusinesscorporations.Thatis,thecorporationsmustfileonastand-alonebasisifoneisanArticle9-AtaxpayerbuttheotherisanArticle9,32,or33taxpayer,orisacorporationwhichwouldbesubjecttosuchtaxesiftaxableinNewYorkState.

Where New York State follows federal QSSS treatment, the QSSS is not consideredasubsidiaryoftheparentcorporation.

AforeignQSSSauthorizedtodobusinessinNewYorkState,whoseactivitiesarebeingincludedintheparent’sreturn,mustfileFormCT-245 and pay the maintenance fee.

Form CT-186-E or the short Form CT-186-EZ, Telecommunications Tax Return and Utility Services Tax Return, mustbefiledbyacorporationthatprovidestelecommunicationservices. The corporation must pay an excise tax on its gross receipts from thesaleoftelecommunicationservicesunderArticle9section186-e.

Form CT-222, Underpayment of Estimated Tax by a Corporation. UsethisformtoinformtheTaxDepartmentthatyourcorporation meets one of the exceptions to reduce or eliminate the underpayment of estimated tax penalty pursuant to Tax Law, Article 27, section1085(d).

Form CT-240, Foreign Corporation License Fee Return. A corporationorganizedoutsideNewYorkState(aforeigncorporation)thatisdoingbusinessinNewYorkStatemustfileFormCT-240topaythelicensefeebasedoncapitalstock.Youmustfilethisreturnwhenyoufileyourfirstfranchise tax return, or if capital stock employed in New York State has increased since you filed the last license fee return.

Form CT-399, Depreciation Adjustment Schedule. You must file thisformtocomputetheallowableNewYorkStatedepreciationdeductionifyouclaim:1)thefederalacceleratedcostrecoverysystem(ACRS)depreciationormodifiedacceleratedcostrecoverysystem(MACRS)deductionforcertainpropertyplacedinserviceafterDecember31,1980;or2)a30%/50%/100%federalspecialdepreciationdeductionforcertainqualifiedpropertyplacedinserviceonorafterJune1,2003,intaxyearsbeginningafterDecember31,2002.

This form also contains schedules for determining a New York State gain or lossonthedispositionofACRS/MACRSpropertyandpropertyforwhichyouclaimeda30%/50%/100% federal special depreciation deduction. Useitalsotocomputethedepreciationdeductionfortheminimumtaxableincome(MTI)base.

Form CT-400, Estimated Tax for Corporations. You must file thisformifyourNewYorkStatefranchisetaxliabilitycanreasonablybeexpectedtoexceed$1,000.

Form DTF-664, Tax Shelter Disclosure for Material Advisors, hasbeendevelopedtoassistmaterialadvisorsincomplyingwithNewYorkState’sdisclosurerequirements.

Form DTF-686, Tax Shelter Reportable Transactions Attachment to New York State Tax Return,hasbeendevelopedto assist taxpayers and persons in complying with New York State’s disclosurerequirements.

Formoreinformationaboutothertaxesthatmayapplytoyou,seePublication 20, Tax Guide for New Businesses.

When to file

File your return within 2½ months after the end of your reporting period. Ifyouarereportingforthecalendaryear,yourreturnisdueonorbeforeMarch15.IfyourfilingdatefallsonaSaturday,Sunday,orlegalholiday,thenyoumustfileyourreturnonorbeforethenextbusinessday.

Extensions if you cannot meet the filing deadlineIfyoucannotmeetthefilingdeadline,youmayrequestasix-monthextensionoftimebyfilingFormCT-5,Request for Six-Month Extension to File (for franchise/business taxes, MTA surcharge, or both), and paying your properlyestimatedfranchisetaxandmetropolitantransportationbusinesstax(MTAsurcharge)onorbeforetheoriginalduedateofthereturn.

YoumayrequestuptotwoadditionalextensionsbyfilingFormCT-5.1,Request for Additional Extension of Time to File (for franchise/business taxes, MTA surcharge, or both).Fileitonorbeforetheexpirationdateoftheoriginal extension or previously filed additional extension.


Where to file

Form CT-3 — Useoneofthefollowingaddresses:

With payment Without payment NYS CORPORATION TAX NYS CORPORATION TAX PROCESSING UNIT PROCESSING UNIT PO BOX 1909 PO BOX 22095 ALBANY NY 12201-1909 ALBANY NY 12201-2095

Form CT-4 — Useoneofthefollowingaddresses:

With payment Without payment NYS CORPORATION TAX NYS CORPORATION TAX PROCESSING UNIT PROCESSING UNIT PO BOX 22093 PO BOX 22101 ALBANY NY 12201-2093 ALBANY NY 12201-2101

IfyouuseadeliveryserviceotherthantheU.S.PostalService,seePrivate delivery servicesbelow.

Private delivery services

Ifyouchoose,youmayuseaprivatedeliveryservice,insteadoftheU.S.Postal Service, to mail in your form and tax payment. However, if, at a laterdate,youneedtoestablishthedateyoufiledorpaidyourtax,youcannotusethedaterecordedbyaprivatedeliveryserviceunless you usedadeliveryservicethathasbeendesignatedbytheU.S.SecretaryoftheTreasuryortheCommissionerofTaxationandFinance.(CurrentlydesignateddeliveryservicesarelistedinPublication55,Designated Private Delivery Services. See Need help? forinformationonobtainingformsandpublications.)Ifyouhaveusedadesignatedprivatedeliveryserviceandneedtoestablishthedateyoufiledyourform,contactthatprivatedeliveryserviceforinstructionsonhowtoobtainwrittenproofofthedateyourform was given to the delivery service for delivery. If you use any private delivery service, whether it is a designated service or not, send the forms coveredbytheseinstructionsto:StateProcessingCenter,431CBroadway,AlbanyNY12204-4836.

Penalties and interest

If you pay after the due dateIfyoudonotpaythetaxdueonorbeforetheoriginalduedate,youmustpay interest on the amount of the underpayment from the original due date ofthereturn(withoutregardtoanyextensionoftimeforfiling)tothedatethetaxispaid.ExcludefromtheinterestcomputationanyamountshownonFormCT-3,line83aor83b,orFormCT-4,lines33aor33b.Interestis always due, without any exceptions, on any underpayment of tax. An extension of time for filing does not extend the due date for payment of tax.

If you file and pay after the due dateCompute additional charges for late filing and late payment on the amount oftaxminusanypaymentmadeonorbeforetheduedate(with regard to anyextensionoftimeforfiling).ExcludefromthepenaltycomputationanyamountshownonFormCT-3,line83aor83b,orFormCT-4,line33aor33b.A. Ifyoudonotfileareturnwhendue,oriftherequestforextensionis

invalid,addtothetax5%permonthupto25%(section1085(a)(1)(A)).B. Ifyoudonotfileareturnwithin60daysoftheduedate,the

additionalchargeinitemAabovecannotbelessthanthesmallerof$100or100%oftheamountrequiredtobeshownastax(section1085(a)(1)(B)).

C. If you do not pay the tax shown on a return when due, add to the tax ½%permonthuptoatotalof25%(section1085(a)(2)).

D. The total of the additional charges in items A and C may not exceed 5%foranyonemonth,exceptasprovidedforinitemBabove(section1085(a)).

Ifyouthinkyouarenotliablefortheseadditionalcharges,attachastatementtoyourreturnexplainingthedelayinfiling,payment,orboth(section1085).

If you understate your taxIfthetaxyoureportisunderstatedby10%or$5,000,whicheverisgreater,youmustpayapenaltyof10%oftheamountofunderstatedtax.Youcanreducetheamountonwhichyoupaypenaltybysubtractinganyitemforwhich(1)thereisorwassubstantialauthorityforthewayyoutreatedit,or(2)thereisadequatedisclosureonthereturnorinanattachedstatement(seeArticle27section1085(k)).

If you underpay your estimated taxIfyoucanreasonablyexpectyourNewYorkStatefranchisetaxliabilitytoexceed$1,000,youmustfileadeclarationofestimatedtaxonFormCT-400.Apenaltywillbeimposedifyoufailtofileadeclarationofestimated tax or fail to pay the entire installment payment of estimated tax due. For complete details, see Form CT-222.

If you fail to provide information about interest paid to shareholdersTaxLawsection1085(n)providesforapenaltyof$500forfailuretoprovideinformationaboutinterestpaymentsmadetoshareholdersthatweredeductedincomputingentirenetincome(ENI).

If you fail to provide information about your issuer’s allocation percentageTaxLawsection1085(o)providesforapenaltyof$500forfailuretoprovideinformationneededtocomputeyourissuer’sallocationpercentage(seeinstructionsforFormCT-3,line41).

Other penaltiesStrongcivilandcriminalpenaltiesmaybeimposedfornegligenceorfraud.

Is this an amended return?

If you are filing an amended return for any purpose, mark an X in the Amended returnboxonpage1ofthereturn.

If you file an amended federal return, you must file an amended New York Statereturnwithin90daysthereafter.

For amended returns based on changes to federal taxable income (FTI) — IfyourFTIhasbeenchangedorcorrectedbyafinaldeterminationoftheCommissionerofInternalRevenue,orbyarenegotiationofacontractorsubcontractwiththeUnitedStates,youmustfileanamendedreturnreflectingthechangetoFTIwithin90days(120daysiffilinganamendedcombinedreturn)ofthefinalfederaldetermination.Foradefinitionoffinaldetermination,seeNYSRegulationsection6-1.3(b).

You must attach a copy of federal Form 4549, Income Tax Examination Changes, to your amended return.

IfyoufiledaspartofaconsolidatedgroupforfederaltaxpurposesbutonaseparatebasisforNewYorkStatetaxpurposes,youmustsubmitastatementindicatingthechangesthatwouldhavebeenmadeifyouhadfiledonaseparatebasisforfederaltaxpurposes.

For credits or refunds based upon carryback of a net operating loss (NOL) —ToclaimacreditorrefundresultingfromthecarrybackofanNOLoralternativenetoperatingloss(ANOL)toaprioryear,fileanamendedreturnwithin90days(120daysiffilinganamendedcombinedreturn)fromthe date of the document indicating approval of the federal refund or credit.

You must attach the following to your amended return:

• federal claim Form 1139, Corporation Application for Tentative Refund, orfederalForm1120X,Amended U.S. Corporation Income Tax Return;

• acopyoftheNewYorkStatereturnforthelossyear;and• proof of federal refund approval, Statement of Adjustment to Your

Account.

If you are a federal S corporation that files as a New York C corporation file an amended New York State return for the prior year and attach a copy of federalForm1120S,U.S. Income Tax Return for an S Corporation, for the loss year. File the amended return within 15 months from the end of the loss year.

For credits or refunds of corporation tax paid — To claim any refund typethatrequiresanamendedreturn,otherthananNOLcarryback(see

Note: YoumaycomputeyourpenaltyandinterestbyaccessingourWebsite, or you may call and we will compute the penalty and interest for you (seeNeed help?).

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page4),fileanamendedNewYorkStatereturnfortheyearbeingamendedand,ifapplicable,attachacopyoftheclaimformfiledwiththeIRS(usuallyForm1120X)andproofoffederalrefundapproval,Statement of Adjustment to Your Account.

If you are a federal S corporation, file an amended New York State return fortheyearbeingamended.Ifapplicable,attachacopyoftheamendedfederalForm1120S.

Theamendedreturnmustbefiledwithinthreeyearsofthedatetheoriginalreturn was filed or within two years of the date the tax was paid, whichever islater.Ifyoudidnotfileanoriginalreturn,youmustmaketherequestwithin two years of the date the tax was paid. However, a claim for credit or refundbasedonafederalchangemustbefiledwithintwoyearsfromthetimetheamendedreturnreportingthechangeorcorrectionwasrequiredtobefiled(seepage4).Foradditionallimitationsoncreditsorrefunds,seeTaxLaw,Article27,section1087.

Filing your final return

MarkanX in the Final returnboxonpage1ofthereturnifthecorporationis a:

•domesticcorporationthatceaseddoingbusiness,employingcapital,or owning or leasing property in New York State during the tax year and wishestodissolve;or

•foreigncorporationthatisnolongersubjecttothefranchisetaxinNewYork State.

Do not mark an X in the Final returnboxifyouareonlychangingthetypeofreturnthatyoufile(forexample,fromFormCT-3toCT-3-S,orfromFormCT-3toCT-32).

Do not mark an X in the Final returnboxinthecaseofamergerorconsolidation.

Include the full profit from any installment sale made in your final tax year in your final return. Also include in your final return any remaining profit not yet received from a prior year’s installment sale.

Note:Aforeigncorporation,authorizedtodobusinessinNewYorkStatebutdisclaimingtaxliability,thatwishestocontinuetobeauthorizedmustfile Form CT-245.

For information on voluntary dissolution and surrender of authority, see Forms TR-125, Instructions for Voluntary Dissolution of New York State Business Corporation, and TR-199, Surrender of Authority-Foreign Corporation, onourWebsite(seeNeed help?).

New York S corporation termination year When a New York S corporation terminates its federal or New York S election on a day other than the first day of a tax year, the tax year isdividedintotwotaxperiods(anSshortyearandaCshortyear).Thecorporation must file Form CT-3-S for the New York S short year and Form CT-3 or CT-4 for the New York C short year.

WhenanIRCsection338(h)(10)electionismadeforatargetcorporationthat is a New York S corporation, the target corporation must file two short-period(lessthan12months)reports.Whenfilingthesecondshort-periodreport,thefederaltaxableincome(FTI)ofthenewtargetisthestartingpointforcomputingENI.

ThetotaltaxfortheSshortyearandtheCshortyearmaynotbelessthan the fixed dollar minimum tax determined as if the corporation were a C corporation for the entire tax year. For more information, see Form CT-3-S-I, Instructions for Forms CT-3-S and CT-3-S-ATT.

The due date of the New York S corporation short year return (FormCT-3-S)isthesameastheNewYorkCcorporationshortyear,eventhough they are treated as separate short tax years.

Reporting period

Usethistaxreturnforcalendaryear2011andfiscalyearsthatbeginin2011andendin2012.

Youcanalsousethe2011returnif:

• youhaveataxyearoflessthan12monthsthatbeginsandendsin2012,and

• the2012returnisnotyetavailableatthetimeyouarerequiredtofilethereturn.

Inthiscaseyoumustshowyour2012taxyearonthe2011returnandtakeintoaccountanytaxlawchangesthatareeffectivefortaxyearsbeginningafterDecember31,2011.

Allfilersmustcompletethebeginningandendingtaxyearboxesintheupper right corner on page 1 of the form.

Overview of corporation franchise tax

Tax bases CorporationssubjecttotaxunderTaxLawArticle9-Agenerallymustcompute four distinct taxes and pay the tax that results in the largest amountowed.ThefourtaxesincludeataxonENI,ataxonbusinessandinvestmentcapital,ataxonMTI,andafixeddollarminimumtax.Inaddition,ifacorporationhasanysubsidiaries,itmustpayataxonitssubsidiarycapital.Ifyouhaveanysubsidiaries,youcannotfileFormCT-4,butinsteadmustfileFormCT-3orCT-3-A.Formoreinformation,seeWhich form to file on page 2.

Fixed dollar minimum taxThefixeddollarminimumtaxisdeterminedbythecorporation’sNewYorkreceipts.

To avoid an erroneous assessment or a delay in your refund, you must enter an amount on Form CT-3, line 74a or Form CT-4, line 31. If you do not have New York receipts, enter 0 on the appropriate line. Failure to make an entry on the line may result in an assessment of tax or reduction of your refund or credit.

Adomesticcorporationthatisnolongerdoingbusiness,employingcapital,or owning or leasing property in New York State is exempt from the fixed dollar minimum tax for years following its final tax year and is no longer requiredtofileafranchisetaxreturnprovideditmeetstherequirementslistedinTSB-M-06(5)C.

Short periods — fixed dollar minimum tax and maintenance feeComputetheNewYorkreceiptsforshortperiods(taxperiodsoflessthan12months)bydividingtheamountofNewYorkreceiptsbythenumberofmonthsintheshortperiodandmultiplyingtheresultby12.

Thefixeddollarminimumtaxandmaintenancefeemaybereducedforshort periods:

Period Reduction Not more than six months ................................................................... 50%Morethansixmonthsbutnotmorethanninemonths ....................... 25%Morethanninemonths ....................................................................... None

Ifyouareanauthorizedforeigncorporation,youaresubjecttothemaintenancefeefortheentireperiodinwhichyouareauthorized,whetherornotyouaredoingbusinessinNewYorkState(seeForeign corporations authorized to do business but disclaiming tax liabilityonpage2).

Computation of tax for corporate partnersAtaxpayerthatisapartnerinapartnership(acorporatepartner)computesits tax for its interest in the partnership using either the aggregate method orentitymethod,whicheverapplies.(SeeElection by a foreign corporate limited partneronpage6fortheexceptiontothesemethodsallowedunderRegulationsection3-13.5.)

Aggregate method — Undertheaggregatemethod,acorporatepartneris viewed as having an undivided interest in the partnership’s assets, liabilities,anditemsofreceipts,income,gain,loss,anddeduction.Thepartner is treated as participating in the partnership’s transactions and activities.(Regulationsection3-13.3)

Entity method — Undertheentitymethod,apartnershipistreatedasaseparate entity and a corporate partner is treated as owning an interest inthepartnershipentity.Thepartner’sinterestisanintangibleassetthatisclassifiedasbusinesscapital.Totheextentacorporatepartner’sENIincludesitsdistributiveshareofpartnershipitemsofincome,gain,loss,ordeduction,thoseitemsaretreatedasbusinessincome.(Regulationsection3-13.4)


Corporate partners required to file under the aggregate methodAcorporatepartnerreceivingacompleteFormIT-204-CPmustfileusingthe aggregate method. In addition, a corporate partner must file using the aggregate method if the corporate partner has access to the information necessary to compute its tax using the aggregate method. A corporate partner is presumed to have access to the information and therefore is requiredtofileusingtheaggregatemethodifitmeetsone or more of the following conditions:

• itisconductingaunitarybusinesswiththepartnership;

• itisageneralpartnerofthepartnershiporisamanagingmemberofanLLCwhichistreatedasapartnershipforfederalincometaxpurposes;

• ithasa5%ormoreinterestinthepartnership;

• ithasreportedinformationfromthepartnershipinapriortaxyearusingtheaggregatemethod;

• itspartnershipinterestconstitutesmorethan50%ofitstotalassets;

• itsbasisinitsinterestinthepartnershipdeterminedunderIRCsection705onthelastdayofthepartnershipyearthatendswithinorwiththetaxpayer’staxyearismorethan$5,000,000;or

• anymemberofitsaffiliatedgrouphastheinformationnecessarytoperform such computation.

AcorporatepartnerthatdoesnotreceiveacompleteFormIT-204-CPmayfile using the entity method only if it does not meet any of the conditions listedaboveanddoesnothaveaccess(andwillnothaveaccesswithinthetime period allowed for filing a return with regard to all extensions of time tofile)totheinformationnecessarytocomputeitstaxusingtheaggregatemethodandcertifiesthesefactstotheTaxCommissioner(seeRegulationsection3-13.2(b)).

Computation of tax under the aggregate method — The taxpayer’s distributive share(seeIRCsection704)ofeachpartnershipitemof receipts, income, gain, loss, and deduction, and the taxpayer’s proportionate partofeachpartnershipasset,liability,andpartnershipactivityareincludedinthecomputationofthetaxpayer’sENIbase,capitalbase,MTIbase,andthefixeddollarminimum.Theseitemshavethesamesource and character in the hands of the partner for Article 9-A purposes that the items have for the partner for federal income tax purposes. (Regulationsection3-13.3)

Computation of tax under the entity method — A corporate partner is treated as owning an interest in the partnership entity for purposes of determiningthetaxesmeasuredbytheENIbase,capitalbase,MTIbase,

andthefixeddollarminimum.Thepartner’sinterestisanintangibleassetwhichisbusinesscapital.(Regulationsection3-13.4)

Election by a foreign corporate limited partner — A foreign corporation that is a limited partner in one or more limited partnerships, thatissubjecttotaxsolelyasaresultoftheapplicationofRegulationsection1-3.2(a)(6)andthatdoesnotfileonacombinedbasisforArticle9-Apurposes,mayelecttocomputeitstaxbytakingintoaccountonly its distributiveshareofeachpartnershipitemofreceipts,income,gain,loss,anddeduction(includinganymodifications)anditsproportionatepartofeachasset,liability,andpartnershipactivityofthelimitedpartnership.(Regulationsection3-13.5)

Thiselectionmaynotbemadeifthelimitedpartnershipandcorporategroupareengagedinaunitarybusiness,whereverconducted,andtherearesubstantialinter-entitytransactionsbetweenthelimitedpartnershipandthe corporate group.

Corporate group means the corporate limited partner itself or, if it is a memberofanaffiliatedgroup,thecorporatelimitedpartnerandallothermembersofsuchaffiliatedgroup.

Affiliated group has the same meaning as such term is defined in IRCsection1504withoutregardtotheexclusionsprovidedforinsection1504(b).However,thetermcommon parent corporation is deemed tomeananypersonasdefinedinIRCsection7701(a)(1).

If the taxpayer meets the criteria to make the election and does not have access to the information necessary to do the computation, the taxpayer maytreatitsdistributiveshareofthepartnership’sitemsofincome,gain,loss,anddeductionasbusinessincomeanditsinterestinthepartnershipasbusinesscapital,andmayallocatethatbusinessincomeandcapitalentirely to New York State.

Cooperative housing corporationsAqualifiedcooperativehousingcorporationisentitledtouseareducedtaxrateof.0004whencomputingitstaxusingthecapitalbase.

A corporation that has only one class of stock that entitles the shareholder toliveinahouseoranapartmentinabuildingownedorleasedbythecorporationmaybeacooperativehousingcorporation.Foracompletedefinition,seeIRCsection216.

Foreign airlines Foreign airlines that have a foreign air carrier permit pursuant to section402oftheFederalAviationActof1958mayexcludefromENI

Tax rates schedule Taxbase Taxrates

Table 1 — ENI base for general business taxpayers .071

Table 2 — ENI base for qualified small business taxpayersENIbaseof$290,000orless: .065ENIbaseofmorethan$290,000butnotmorethan$390,000: • $18,850 • plus7.1%oftheamountover$290,000 • plus4.35%oftheamountover $350,000

Table 3 — For tax years beginning on or after January 31, 2007 .065ENI baseforqualifiedNewYorkmanufacturers

Table 4 — Capital base .0015

Table 5 — Qualified cooperative housing corporation capital base* .0004

Table 6 — MTI base .015

Table 7 — Fixed dollar minimum taxFor a corporation with New York receipts of:Notmorethan$100,000 $ 25**Morethan$100,000butnotover$250,000: $ 75**Morethan$250,000butnotover$500,000: $ 175**Morethan$500,000butnotover$1,000,000: $ 500Morethan$1,000,000butnotover$5,000,000: $1,500Morethan$5,000,000butnotover$25,000,000: $3,500Over$25,000,000 $5,000

Table 8 — Subsidiary capital base .0009

*SeeCooperative housing corporationsabove.**Foreignauthorizedcorporations:Ifthetotalofyourtax(includingtaximposedunderArticle9)andMTAsurchargeislessthan$300,youmustincreaseyourpaymentaccordinglytosatisfythe$300maintenancefeerequirement.

General information and Line instructions for Form CT-4 CT-3/4-I(2011) of28

all income from international operations effectively connected to the UnitedStates,foreignpassiveincome,andincomeearnedfromoverseasoperations,providedtheforeigncountryinwhichtheairlineisbasedhasasimilarexemptionfromtaxwithrespecttoUnitedStatesairlines.

Foreignairlinesmayalsoexcludebusinessandinvestmentassetsusedinconnection with the exempt income from the tax computed on capital.

Thebusinessallocationformulausedbytheseforeignairlinesisthebusinessallocationformulabasedonreceipts,payroll,andproperty,asopposedtothespecialairlineformulabasedonarrivalsanddepartures,with modifications.

However,ifthecountryinwhichtheforeignairlineisbaseddoesnotprovideasimilarexemptionfromtaxwithrespecttoUnitedStatesairlines,the foreign airline is not entitled to the exclusions from income and capital describedaboveandmustusethespecialairlineallocationformula.

Formoreinformation,seeTSB-M-94(2)C,Important Notice: Summary of 1994 Corporation Tax Law Changes.

How to fill out your tax return

Important identifying informationWhenpreparingyourcorporationtaxreturn,besuretoaccuratelycompletethecorporation’sidentifyinginformation(employeridentificationnumber(EIN)andfilenumber)includingyourcurrentaddress.Keeparecordofyouridentifying information for future use.

If you use a paid preparer or accounting firm, make sure they use your complete and accurate information when completing all your forms.

Are you claiming an overpayment?If you are claiming an overpayment on line 44 of Form CT-4, or line 94 of Form CT-3, mark an Xintheboxonpage1ofyourreturntotherightofyourEINandfilenumber.

SignatureThereturnmustbecertifiedbythepresident,vicepresident,treasurer,assistanttreasurer,chiefaccountingofficer,orotherofficerauthorizedbythe taxpayer corporation.

Thereturnofanassociation,publiclytradedpartnership,orbusinessconductedbyatrusteeortrusteesmustbesignedbyapersonauthorizedtoactfortheassociation,publiclytradedpartnership,orbusiness.

Ifanoutsideindividualorfirmpreparedthereturn,allapplicableentriesinthepaidpreparersectionmustbecompleted,includingidentificationnumbers(seePaid preparer identification numbersinFormCT-1).Failureto sign the return will delay the processing of any refunds and may result in penalties.

Line instructions for Form CT-4, General Business Corporation Franchise Tax Return Short FormLine A —MakeyourcheckormoneyorderpayableinUnitedStatesfunds.WewillacceptaforeigncheckorforeignmoneyorderonlyifpayablethroughaUnitedStatesbankorifmarked Payable in U.S. funds.

Line D — TaxLaw,Article36,section1700authorizestheTaxDepartmentto waive civil and criminal penalties for taxpayers who disclose and pay overduetaxes.UndertheTaxDepartment’sVoluntaryDisclosureandComplianceProgram,eligibletaxpayerswhoowebacktaxescanavoidmonetarypenaltiesandpossiblecriminalchargesby:

• tellingtheTaxDepartmentwhattaxestheyowe;

• payingthosetaxes;and

• enteringanagreementtopayallfuturetaxes.

It’seasytoapply.VisitourWebsite(seeNeed help?).Justfollowtheprompts,answerafewquestions,andsubmityourapplicationelectronically.

Computation of entire net income (ENI) base

Line 1 —Enteryourfederaltaxableincome(FTI),beforeNOLandspecialdeductions,asrequiredtobereportedtotheU.S.TreasuryDepartment.

— IfyoufilefederalForm1120,usetheamountfromline28.

— IfyoufilefederalForm1120-HorfederalForm1120-POL,usetheamount from line 19.

— IfyoufilefederalForm1120-C,usetheamountfromline25lesstheamountfromline26a.

— Ifyouareamemberofafederalaffiliatedgroupthatfilesaconsolidatedreturn,completeaproforma1120reportingtheFTIyouwouldhavebeenrequiredtoreportonaseparatefederaltaxreturn,and attach a copy of the federal consolidating workpaper indicating yourseparatetaxableincomebeforeanyeliminationofintercorporatetransactions included in the federal consolidated return.

— IfyouareafederalScorporationfilingfederalForm1120SbutyouhavenotmadeanelectiontobetreatedasaNewYorkStateS corporation, you must determine the amount you would have had toreportasFTI,beforeNOLandspecialdeductions,wereyounota federal S corporation. Attach a separate sheet showing how you determinedthisamount.Ingeneral,theitemsaffectedfromForm1120are:

• dividends • interest • grossrents • grossroyalties • capitalgainnetincome • charitablecontributions

• IRCsection199deduction

— IfyouareexemptfromfederalincometaxbutsubjecttoNewYorkState franchise tax, you must determine the amount you would have hadtoreportasFTI,beforeNOLandspecialdeductions,wereyounot exempt. Attach a separate sheet showing how you determined the amount.

— If you have an amount of excess inclusion as a result of having a residualinterestinarealestatemortgageinvestmentconduit(REMIC),you must properly reflect this income in FTI.

Lines 2 through 5 — AdditionsUselines2through5toadditemsthatarenotincludedinFTIbutthatmustbeincludedinNewYorkStateENI.

Line 2 —Enterallinterestreceivedoraccruedfromfederal,state,municipal,andotherobligationsthatwasexemptfromfederalincometaxand is, therefore, not included on line 1. You may deduct from this amount anyexpensesattributabletothatinterestbutdenieddeductibilityunderIRCsection265.Attachalistofitemsincludedonthisline.

Line 3 —EntertheamountdeductedincomputingFTIforinterestonindebtednesspaidtoacorporatestockholderowningmorethan50%ofyour issued and outstanding voting stock. If you do not make this entry, theindebtednesswillnotconstitutesubsidiarycapitalinthehandsofsuchcorporatestockholder,andthestockholderwillnotbeallowedtoexcludetheinterestfromitsENIasincomefromsubsidiarycapital.

InterestonindebtednesspaidtoacorporatestockholderisonlyrequiredtobeaddedbacktoENIbythepayer,whenthecorporatestockholderpayeehasdeductedtheinterestasincomeattributabletosubsidiarycapitalonitsNew York State franchise tax return.

Line 4 —EntertheamountdeductedonyourfederalreturnforNewYorkStatetaxesimposedunderArticle9sections183,183-a,184,184-a,andArticles9-A,23,and32.ThisincludestheMTAsurcharge.However,do not include New York City taxes. Include the amount deducted for taxes paid oraccruedtotheUnitedStates,itspossessions,otherU.S.states,theirpoliticalsubdivisions,anyforeigncountry,andtheDistrictofColumbia,ifthetaxortaxesareonoraremeasuredbyprofitsorincome,orincludeprofits or income as a measure of tax, including taxes expressly in lieu of the foregoing.

Line 5 —Usethislineif:• ThecorporationclaimsthefederalACRS/MACRSdeductionfor

property placed in service either in or outside New York State after 1980intaxperiodsbeginningbefore1985;or

ENIbasefromline11 .......................... A. $18,850

Subtract .................... 290,000

Multiplybalance ........ by.071= .......... B.

Subtract .................... 60,000

Multiplybalance ........ by.0435= ........ C.

AddboxesA,B,andC;entertheresulthereandon

lines12and28 ....................................................... D.

Worksheet A

of28 CT-3/4-I (2011) Line instructions for Form CT-4

• ThecorporationclaimsthefederalACRS/MACRSdeductionforproperty placed in service outside New York State in tax periods beginningafter1984andbeforetaxperiodsbeginningin1994,andthecorporationmadetheelectiontocontinueusingtheIRCsection167depreciationdeductionfortheproperty;or

• Thecorporationclaimsa30%/50%/100%federalspecialdepreciationdeductionunderIRCsection168(k)forqualifiedproperty(excludingqualifiedresurgencezonepropertydescribedinTaxLaw,Article9-A,section208.9(q)orqualifiedNewYorklibertyzonepropertydescribedinIRCsection1400L(b)(2))placedinserviceonorafterJune1,2003,intaxyearsbeginningafterDecember31,2002;or

• ThecorporationdisposesthisyearofeitherACRS/MACRSproperty,orpropertyforwhichyouclaimeda30%/50%/100%federalspecialdepreciation deduction, and the New York depreciation modifications applied to the property in any prior years.

Ifline5applies,entertheamountfromFormCT-399,line3,columnE,theamountofyourfederaldeductionthatmustbeaddedbacktoFTI,or,ifyou disposed of property this year, use the amount from Form CT-399, line 10,columnA.Enteryourrecomputeddeductiononline8ofthisform.Formore information, see Form CT-399-I, Instructions for Form CT-399.

Lines 7 through 9 — SubtractionsUselines7through9tosubtractitemsthatareincludedinFTI,butshouldnotbeincludedinNewYorkStateENI.

Line 7 —EnteranyNewYorkStateNOLcarriedforwardfromprioryears.AttachaseparatesheetwithfulldetailsofbothfederalandNewYorkStateNOLs claimed.

YoumustdetermineaNewYorkStatenetoperatinglossdeduction(NOLD)asifyouhadelectedunderIRCsection172torelinquishthecarrybackprovisions,exceptforthefirst$10,000whichyoumaycarrybacktotheprecedingyears(section208.9(f)).

These rules apply:

A. IRCsection172federallossesmustbeadjustedinaccordancewithArticle9-Asection208.9(a),(b),and(g).

B. ForNOLsincurred,refertoIRCsection172forcarrybackandcarryforward periods.

C. IfyouhaveelectedtocarrybackanNOLforfederaltaxpurposes,youmaycarrybackonlythefirst$10,000ofanNOLtotheprecedingyears.UseanamendedreturntorequestarefundbasedonanNOLcarryback.

D. Anyportionofthe$10,000NOLnotusedasacarrybackmaybecarried forward.

E. IfyouhaveelectedforfederaltaxpurposestorelinquishthecarrybackofanNOL,youmaynotcarrybackanNOLforstatetaxpurposes,andyoumustsubmitacopyofyourfederalelection.

F. No deduction is allowed for an NOL sustained during any year in which thecorporationwasnotsubjecttotaxunderArticle9-A.

G. The New York State NOLD for any particular year is limited to the federal NOLD for that year. For the purposes of this limitation, a corporationthathaselectedtocarrybackupto$10,000ofitsNOLforNew York State purposes should compute its federal NOLD as if it only carriedbackthesame$10,000(seeitemsC,D,andE).

H. A New York C corporation is not allowed a deduction for a NOL sustained during a New York S year. A New York S year is treated as a taxyearforpurposesofdeterminingthenumberoftaxyearstowhichtheNOLmaybecarriedbackorforward(TaxLawsection208.9(f)(4)).

I. These rules also apply to a federal S corporation not electing New York S corporation treatment and to any corporation included in a consolidatedgroupforfederalpurposesbutfilingonaseparatebasisfor New York State purposes. These corporations should compute theirNOLsandNOLDsasiffilingonaproformaorseparatebasisforfederal income tax purposes. However, instead of a copy of the federal electiontorelinquishthecarrybackofanNOL,youmustfilearequestinwritingtorelinquishthecarrybackonorbeforetheduedate(orextendedduedate)ofthereturnforthelossyear.AnycorporationthatdoesnotfilearequestontimewiththeTaxDepartmentmustcarrythefirst$10,000oftheNOLbackbeforetheNOLcanbecarriedforward.

Note:Patronage-sourcedNOLScannotbeusedtoreducenonpatronage-sourcedtaxableincome.

Line 8 —Usethislineif:

• ThecorporationclaimsthefederalACRS/MACRSdeductionforproperty placed in service either in or outside New York State after 1980intaxperiodsbeginningbefore1985;or


• Thecorporationclaimsa30%/50%/100%federalspecialdepreciationdeductionunderIRCsection168(k)forqualifiedproperty(excludingqualifiedresurgencezonepropertydescribedinTaxLawsection208.9(q)orqualifiedNewYorklibertyzonepropertydescribedinIRCsection1400L(b)(2))placedinserviceonorafterJune1,2003,intaxyearsbeginningafterDecember31,2002;or


Ifline8applies,entertheamountfromFormCT-399,line3,columnI,or,ifyou have disposed of property this year, use the amount from FormCT-399,line10,columnB,andattachtheform.Formoreinformation,see Form CT-399-I.

Line 9 — If you have received a credit or refund of tax for which you were notpreviouslyallowedtotakeadeductionwhenyoudeterminedyourENI,butwhichwasincludedinyourFTI,entertheamountofthecreditandrefund.ThetaxestowhichthisprovisionisapplicableincludethetaxesimposedbyNewYorkStateTaxLawArticles9-A,23,and32,aswellasbyArticle9sections183,183-a,184,and184-a.

Line 12 — ENI base tax computation

General business taxpayersIfyoudonotqualifyasasmallbusinesstaxpayer(asdefinedbelow)oraqualifiedNewYorkmanufacturer(seepage11,line71),multiplyline11by7.1%.Entertheamountonline12andonline28,andcontinuewithline13.

Small business taxpayer definitionAcorporationqualifiesasasmallbusinesstaxpayerif:— itsENI(beforeallocation)isnotmorethan$390,000;— the total amount of money and other property it received for stock,

asacontributiontocapitalandaspaid-insurplus,isnotmorethan$1,000,000asofthelastdayofitstaxyear;and

— the corporation is not part of an affiliated group, as defined in IRC section1504,unlessthegroupitselfwouldhavemettheabovecriteriaifithadfiledacombinedreturn.

Short periods: A corporation that files Form CT-4 for a tax year of less than 12monthsmustannualizeENIfromFormCT-4,line11,todetermineifitqualifiesasasmallbusinesstaxpayer.Foraperiodoflessthan12months,annualizetheENI(line11)bydividingitbythenumberofmonthsintheshortperiodandmultiplyingtheresultby12.

Small business taxpayersCompletelines68and69ifyouusethesmallbusinesstaxpayertaxrate.

IfyourENIbaseis$290,000orless,multiplyline11by6.5%(.065)andentertheresultonline12andline28,thencontinuewithline13.

IfyourENIbaseismorethan$290,000butnotover$390,000,youreffectiveratewillbebetween6.5%and7.1%.Yourtaxis:

1. $18,850($290,000times6.5%),plus

2. 7.1%(.071)ofanyamountover$290,000,plus

3. 4.35%(.0435)ofanyamountover$350,000.

UseWorksheetAbelowtocomputeyourtax:

Line instructions for Form CT-4 CT-3/4-I(2011) of28

Asmallbusinesstaxpayer’staxontheENIbasewillneverexceed$27,690for the tax period.

IfyouareaqualifiedNewYorkmanufacturer(seepage11,line71)multiplyline11by6.5%(.065).Entertheresultonline12andonline28,andcontinuewithline13.MarkanXintheapplicableboxonline71toavoidanerroneous assessment or delayed refund.

Computation of capital base

Lines 13 through 19Todeterminethevalueofyourassetsforthecapitalbasecomputations,youmustincluderealpropertyandmarketablesecuritiesatfairmarketvalue.Allotherpropertymustbeincludedatthevalueshownonyourbooksinaccordancewithgenerallyacceptedaccountingprinciples(GAAP).Uselines15and16toadjustthevalueoftheassetsyoureportedonyourfederalreturn.Ifyouarenotrequiredtocompletethebalancesheetonyourfederaltaxreturn,usetheamountthatwouldhavebeenreported on the federal return.

Onlines13through18,enterthevaluesatthebeginningoftheyearincolumnAandattheendoftheyearincolumnB.EntertheaveragevalueincolumnC.Averagevalueisgenerallycomputedquarterlyifyourusualaccountingpracticepermitsit.However,youmayuseamorefrequentbasissuchasmonthly,weekly,ordaily.Ifyourusualaccountingpracticedoesnotpermitaquarterlyormorefrequentcomputationoftheaveragevalue of assets, you may use a semiannual or annual computation if no distortion of average value results.

Line 16 —Enterthefairmarketvalueofrealpropertyandmarketablesecurities included on line 14. The fair market value of an asset is the price (withoutdeductionofanencumbrancewhetherornotthetaxpayerispersonallyliable)atwhichawillingsellerwillsellandawillingpurchaserwillbuy.Youcangenerallyfindthefairmarketvalueofmarketablesecuritiesfrompricequotesinfinancialnewspapers.Fordeterminationoffairmarketvalueofrealproperty,seeTSB-M-85(18.1)C,Valuation of Real Property.

Line 18 —Entertheamountofallliabilitiesattributabletoassetsonline13,bothlongandshortterm.

Usethesamemethodofaveragingusedtodetermineaveragevalueofassets.

Line 20 — Capital base tax computation —Multiplyline19bythetaxrateof.0015.Cooperativehousingcorporationsmultiplyline19by.0004.Entertheresultonline29,butdonotentermorethan$350,000ifyouareaqualifiedNewYorkmanufacturer,anddonotentermorethan$1,000,000forallothertaxpayers.Completeline70ifyouareclaimingqualifiedNewYorkmanufacturerstatusforpurposesofalowercapitalbasetaxlimitation.IfyouhavebeentaxableinNewYorkStateforlessthantwoyears,readtheinstructionsbelowforline29toseeifyouqualifyasanewsmallbusinesscorporation.

Note: AllcooperativehousingcorporationsmustfileFormTP-588,Cooperative Housing Corporation Information Return, twice a year. For moreinformation,seetheinstructionsonFormTP-588.

Short periods — If a tax return is for a period of less than 12 months, determinetheamountofbusinesscapitalbymultiplyingtheaveragevaluebythenumberofmonthscoveredbythereturnanddividingby12(see20NewYorkCodes,RulesandRegulations(NYCRR)section3-3.7).

Computation of minimum taxable income (MTI) base

Lines 21 through 27TocalculateyourMTI,youmustaddtoyourENIfederaltaxpreferenceitems,andaddorsubtractcertainfederaladjustmentsusedtocomputefederalalternativeMTI(federalForm4626).Tocompletethecalculation,addtheNewYorkStateNOLDandsubtracttheANOLD.

YoumustdetermineanMTIbaseandtaxwhetherornotyoufilefederalForm4626, Alternative Minimum Tax — Corporations.

Ifyouhaveanyfederaladjustmentortaxpreferenceitemsother than the depreciation adjustmentortheANOLD,youmaynotuseFormCT-4.UseForm CT-3 to compute your tax.

Line 22 —IfyouarerequiredtocompleteFormCT-399,Part4, enter the amountfromFormCT-399,line15or16.

IfyouarenotrequiredtocompleteFormCT-399,Part4,entertheamountfromfederalForm4626,line2a.

IfyouwerenotrequiredtofilefederalForm4626,computetheamountthatwouldhavebeenreportedonline2aofthatform.

AttachacopyofFormCT-399orfederalForm4626toyourFormCT-4.

Line 25 —EnteryourANOLD.AttachaseparatesheetwithfulldetailsoftheNewYorkStatealternativenetoperatinglosses(ANOLs)claimed.

DeterminetheANOLDinthemannerdescribedonpage8,underline7,for computing the regular NOLD, except that you must redetermine the NOLforanyyearbeginningafter1989thatisincludedintheANOLDwiththeadjustmentsandtaxpreferencesrequiredtobeusedincomputingtheMTIforthatyear.(Note:TherequiredaddbackofregularNOLDisnotanadjustmentortaxpreference.)Takeanitemoftaxpreferenceintoaccountonly to the extent it increased the regular NOL. In determining the ANOLs carrying into the ANOLD of any given year, the following rules apply:

A. ExcludelossesfromyearswhenthetaxpayerwasnotsubjecttoArticle 9-A.

B. Pre-1990NOLsavailableforcarryforwardto1990undertheregulartaxareavailableforcarryforwardto1990undertheminimumtax,andwithouttheapplicationofminimumtaxadjustments.

C. ANOLsmustbecarriedtotheappropriatecarryyearsunderD,whetherornotthetaxonMTIisthelargesttaxfortheparticularcarryyear.

D. ANOLsmustbecarriedusingtheconventionsofIRCsection172(b)(2).Thecarrybackmustbeexhaustedintheearliestavailablecarryyear,exceptasprovidedinEandFbelow.

E.ThecarrybackofeachANOLislimitedto$10,000,asisthecasewiththe regular tax NOLD.

F. ThefederalelectiontoforgocarrybackofanNOLappliestotherelatedNew York State ANOL.

G. ANOLsmustbeappliedagainst90%ofMTI(determinedwithoutregardtotheANOLD)eachyear,eventhoughsomelowerlimitationontheANOLD actually applies for that year. Limitations on the ANOLD are describedinHthroughJbelow.

H. InapplyingthecarryoutrulesunderDabove,ANOLsmustbecarriedouttotaxyearsbeginningin1990through1993,eventhoughnoANOLD was allowed in those years.

I. Fortaxyearsbeginningin1994only,theANOLDislimitedto45%ofMTI,computedwithoutregardtotheANOLD,andthereafterto90%ofMTI,computedwithoutregardtotheANOLD.

J. TheANOLDforanyparticularyearislimitedtothefederalregulartaxNOLD for that year.

Formoreinformation,seeTSB-M-94(5)C,Computation of Minimum Taxable Income and Minimum Tax Credit.

Line 27 —IfyourlargesttaxisbasedontheMTIbase,youmaybeallowedaminimumtaxcreditinafutureyear.CompleteFormCT-38,Minimum Tax Credit,SchedulesA,B,andDtocomputeyourminimumtaxcreditgenerated this year and carried forward to future years. Keep a copy for yourrecords.UsethisformtodetermineyourminimumtaxcredittobeusedagainstyourtaxonENIinthefuture.

Computation of tax

Line 29 —Enterthetaxcomputedonyourcapitalbasefromline20.QualifiedNewYorkmanufacturersdonotentermorethan$350,000,andallothertaxpayersdonotentermorethan$1,000,000.

A new small business corporation may claim an exemption from the tax onthecapitalbaseforitsfirsttwotaxyearsifitmeetstherequirementsbelow.Ifyouareclaimingthisexemption,enter0 on line 29 and mark the boxindicatingwhichyeartheexemptionisfor.Youwillcontinuetobeliableforthelargesttaxcomputedonlines27,28,or30.Attachaseparatesheetcoveringallpointslistedbelow.Ifyoudonotsupplytheinformation,wewilldisallow the exemption.

Note: Donotconfusethedefinitionbelowwiththedefinitionofasmallbusinesstaxpayerintheinstructionsforline12.

Toqualify,thecorporationmustmeetthefederaldefinitionofasmallbusinesscorporation(IRCsection1244(c)(3),disregardingthesecondsentenceofsubparagraph(A)).Therequirementsare:

— The total amount of money and other property the corporation received forstock,asacontributiontocapitalandaspaid-insurplus,maynotbemorethan$1,000,000onthelastdayofitstaxyear.

No. of shares Amount

Par value stock .....................................

No-par value stock ................................

Contributionstocapitalandpaid-insurplus ......................

Totalcapitalcontributions;enteronline69 .......................


— ThecorporationcannotbesimilarinownershipandoperationtoabusinessnowtaxableorpreviouslytaxableunderTaxLaw,Article9(section183,184,185,or186),9-A,22,32,or33(orabusinessentitywhichhadincomeorlossesincludableunderArticle22orwhichwouldhavebeentaxableunderformerArticle23,unincorporatedbusinesstax,hadthatarticlenotbeenrepealedbytheLawsof1978).

— 90%percentofthecorporation’sassetsand80%ofitsemployeesmustbelocatedinNewYorkState.

— The corporation cannot have as a shareholder a corporation that ownsover50%ofitsvotingstock,andthatistaxableunderArticle9(section183,184,185,or186),9-A,32,or33,unlessthecorporationitselfqualifiesasasmallbusinesscorporation.

Line 30 — Fixed dollar minimum tax — The fixed dollar minimum tax is determinedbythecorporation’sNewYorkreceipts.

Homeowners’associationswithnoFTIarenotsubjecttothefixeddollarminimum tax and must enter 0online30.

AhomeownersassociationfilingfederalForm1120-Hmustalsomarkan XintheapplicableboxonlineBonpage1ofthereturntoavoidanerroneous assessment or delayed refund.

To avoid an erroneous assessment or a delay in your refund, you must enter an amount on line 31. If you do not have New York receipts, enter 0.

Line 31 — New York receipts —Enterbusinessreceiptsfromthesalesoftangiblepersonalproperty,servicesperformed,rentals,royalties,receiptsfromthesalesofrightsforclosedcircuitandcabletelevisiontransmissions,andallotherbusinessreceiptsreceivedintheregularcourseofbusinesswithinNewYorkState.TheseitemscanbefoundonfederalForm1120,Income section.Forashortperiod,annualizeNewYorkreceiptsbydividingbythenumberofmonthsintheshortperiodandmultiplyingtheresultby12.

UnderNewYorkStateRegulationsection4-4.6(e),receiptsfromthesalesofcapitalassetsarenotbusinessreceiptsandarenotincludedinNewYork receipts.

Line 32 — Entertheamountfromline27,28,29,or30,whicheverislargest.

Small business taxpayer exception: Ifline29(taxoncapitalbase)islargerthanline28(taxonENIbase)onlybecauseofthereducedrateapplicabletosmallbusinesstaxpayers,enterthelargestamountfromline27,28,or30.Ifyouqualifyasbothasmallbusinesstaxpayerand a qualifiedNewYorkmanufactureryoumustusethesmallbusinesstaxpayerrateforpurposesofENIbaseinordertobeexemptfromthetaxonthecapitalbaseunderthesmallbusinesstaxpayerexception.MarkanX in the Yesboxonline68toindicatethatyouareclaimingsmallbusinesstaxpayerstatus(donot mark an X in the Yesboxonline71).

Line 33b —Ifthetaxonline32exceeds$1,000andyoudidnotfileFormCT-5,amandatoryfirstinstallmentisrequiredfortheperiodfollowingtheonethatiscoveredbythisreturn.Ifthetaxonline32exceeds$1,000butisnotgreaterthan$100,000,multiplytheamountonline32by25%.Ifthetaxonline32exceeds$100,000,multiplytheamountonline32by40%.

Line 37 — Form CT-222, Underpayment of Estimated Tax by a Corporation, isfiledbyacorporationtoinformtheTaxDepartmentthatthecorporationmeets one of the exceptions to reduce or eliminate the underpayment of estimatedtaxpenaltypursuanttoTaxLawsection1085(d).

Lines 38 and 39 — If you are not filing this return on time, you must pay interest and additional charges. See Penalties and interest on page 4.

Lines 41a through 41eIfyouwanttomakeacontributiontoReturn a Gift to Wildlife, Breast Cancer Research and Education Fund, Prostate Cancer Research, Detection, and Education Fund, National September 11 Memorial & Museum at the World Trade Center, Volunteer Firefighting and Volunteer Emergency Services Recruitment and Retention Fund, or all five, enter the wholedollaramount(s)ontheappropriateline(s).Yourgiftwillincreaseyourpayment or reduce your overpayment. You cannot change the amount of your gift after you file your return.

Line 41a — Return a Gift to Wildlife — YourcontributionwillbenefitNew York’s fish, wildlife, and marine resources, and you can receive a free issue of Conservationistmagazine.Call1800678-6399foryourfreesampleissue.FormoreinformationaboutNewYorkState’senvironmentalconservation programs, go to www.dec.ny.gov.ForinformationaboutConservationist, go to www.TheConservationist.org.

Line 41b — Breast Cancer Research and Education Fund — Your contributionwillsupportground-breakingresearchandeducationinNewYorkStatetoprevent,treat,andcurebreastcancer.Helpmakebreastcanceradiseaseofthepast.Formoreinformation,gotowww.wadsworth.org/extramural/breastcancer. New York State will match yourcontributiontotheBreastCancerResearchandEducationFund,dollar for dollar.

Line 41c — Prostate Cancer Research, Detection, and Education Fund — Yourcontributionwillsupporteducationprojectsandground-breakingbiomedicalresearchstudiesinNewYorkStatetoimprovethe detection and treatment of prostate cancer. New York State will match contributionstotheProstateCancerResearch,Detection,andEducationFund, dollar for dollar.

Line 41d — National September 11 Memorial & Museum at the World Trade Center (9/11 Memorial) — YourcontributionwillhelpcreateandsustaintheNationalSeptember11Memorial&Museumwhichwill commemorate and honor the thousands of people who died in the attacksofSeptember11,2001,andFebruary26,1993.TheMemorialwillrecognizetheenduranceofthosewhosurvived,thecourageofthosewho risked their lives to save others, and the compassion of all who supported us in our darkest hours. Help New York State, the nation, and theworldrememberbymakingacontribution.Formoreinformation,gotowww.national911memorial.org.

Line 41e — Volunteer Firefighting and Volunteer Emergency Services Recruitment and Retention Fund —Contributionstothisfundwillhelprecruit and retain the men and women who make up our volunteer fire and volunteeremergencymedicalservicesunits.Volunteerfirefightersandvolunteer emergency services workers are crucial to the effective operation ofamunicipalityandforthesafetyandwell-beingofthecitizensofthisstate.Volunteerfirefightersandvolunteeremergencymedicalservicesworkersprovideinvaluablebenefitstotheirlocalcommunities.Despitetheirimportance,thenumberofvolunteerfirefightersandvolunteeremergencyservices workers has declined significantly over the past few years. For more information, go to www.dhses.ny.gov/ofpc or contact the State Office ofFirePreventionandControlat(518)474-6746.

Line 44 — Unrequested refunds to be credited forward — If the corporation overpays its tax, it will not automatically receive a refund. Instead, we will credit your overpayment to the following tax year unless yourequestarefundonline48.Wewillnotifyyouthattheoverpaymenthasbeencreditedandexplainhowtorequestarefundofthecreditedamount.Ifyouchoosetorequestarefundofsuchcreditedamount,youmust claim a refund of such overpayment prior to the original due date of the following year’s return.

Lines 45 through 48 — You may apply an overpayment as a credit to yournextstatefranchisetaxperiod,ortoyourMTAsurchargeforthisperiod, or you may have it refunded. Indicate on these lines the amounts of overpayment you wish credited or refunded.

Lines 49 through 54 — Composition of prepayments on line 35 — If you need more space, write see attached in this section, and attach a separate sheet showing all relevant prepayment information. Transfer the total shown on the attached sheet to line 35.

Lines 55 through 59 — Interest paid to shareholders — Corporations thatmadeinterestpayments,deductedincomputingENI,toashareholderor shareholders owning, directly or indirectly, individually or in the aggregate,morethan50%oftheirissuedcapitalstock,mustprovidetheinformationrequestedinthissection(section211.2-a).Apenaltyof$500isimposedforfailingtoprovidethisinformation(section1085(n)).

Line 63 — Interest deducted —Enterthetotalamountofinterestdeducted on your federal return that you used in computing your FTI on line 1.

Lines 68 and 69 — Small business taxpayer — If you used the small businesstaxrateonline12,youmustmarkanX in the Yesboxonline68andcompleteline69toshowthatyourcorporationqualifiesforthelowertaxrate.Ifyouqualify,providetheinformationrequestedinthissection.Useyourfederalbalancesheetamountsforstockandotherpaid-incapital.Usetheworksheetbelowtodeterminetheamounttoenteronline69.

SeeTable7oftheTax rates scheduleonpage6todeterminetheapplicablefixeddollarminimumtax.

Line instructions for Form CT-4 and Line instructions for Form CT-3 CT-3/4-I(2011) of28

— IfyouareanScorporationfilingfederalForm1120SbutyouhavenotmadeanelectiontobetreatedasaNewYorkScorporation,youmustdeterminetheamountyouwouldhavehadtoreportasFTI,beforeNOLand special deductions, were you not a federal S corporation. Attach a separate sheet showing how you determined this amount. In general, theitemsonForm1120affectedare:

• dividends

• interest

• grossrents

• grossroyalties

• capitalgainnetincome

• charitablecontributions

• IRCsection199deduction

— IfyoufileForm1120-F,usetheamountfromSectionII,line29.Adjustmentstoworldwideincomeandlossarerequiredonline8ofForm CT-3.

— IfyouareexemptfromfederalincometaxbutsubjecttoNewYorkStatefranchise tax, you must determine the amount you would have had to reportasFTI,beforeNOLandspecialdeductions,wereyounotexempt.Attach a separate sheet showing how you determined the amount.

— If you have an amount of excess inclusion as a result of having a residualinterestinaREMIC,youmustproperlyreflectthisincomeinFTI.

Lines 2 through 8 — AdditionsUselines2through8toadditemsthatyoudidnotincludeinFTIbutthatyoumustincludeinNewYorkStateENI.

Line 2 — Enterallinterestreceivedoraccruedfromfederal,state,municipal,andotherobligationsthatwasexemptfromfederalincometaxand is, therefore, not included on line 1. You may deduct from this amount anyexpensesattributabletothatinterestbutdenieddeductibilityunderIRCsection265.Attachalistofitemsincludedonthisline.

Line 3 — EntertheamountdeductedincomputingFTIforinterestonindebtednesspaidtoacorporatestockholderowningmorethan50%ofyour issued and outstanding voting stock. If you do not make this entry, theindebtednesswillnotconstitutesubsidiarycapitalinthehandsofsuchcorporatestockholder,andthestockholderwillnotbeallowedtoexcludetheinterestfromitsENIasincomefromsubsidiarycapital.

InterestonindebtednesspaidtoacorporatestockholderisonlyrequiredtobeaddedbacktoENIbythepayer,whenthecorporatestockholderpayeehasdeductedtheinterestasincomeattributabletosubsidiarycapitalonitsNew York State franchise tax return.

Lines 4a, 4b, 5a, and 5b — SubsidiariesIfyouhaveasubsidiary,youmustcompleteFormCT-3-ATT,ScheduleC.IfyouhavesubsidiarycapitalincludedonFormCT-3-ATT,line27, columnC,completelines4a,4b,5a,and5btoreportanyexpensesdirectlyorindirectlyattributabletosubsidiarycapital.SeeTSB-M-88(5)C,Direct and Indirect Attribution of Deductions, Article 9-A, for complete details ontheattributionofinterestexpensesandTSB-M-95(2)C,Attribution of Noninterest Deductions,ontheattributionofnoninterest expenses. Ifyoudonothaveasubsidiary,enter0onlines4a,4b,5a,and5b.Seedefinitionsofsubsidiaryandsubsidiary capitalbelow.

A subsidiary isacorporation(exceptaDISC)ofwhichover50%ofthenumberofsharesentitlingtheholderstovotefortheelectionofdirectorsortrusteesisownedbythetaxpayer.Thetestofownershipisactualbeneficialownership,ratherthanmererecordtitleasshownbythestockbooksoftheissuing corporation. Actual beneficial ownership of stock does not mean indirect ownership or control of a corporation through a structure consisting ofseveraltiersand/orchainsofcorporationsand/orpartnerships.Alimitedliabilitycompany(LLC)thatisover50%ownedbyacorporationandelectstobetreatedasacorporationforfederaltaxpurposesisasubsidiary. For moreinformation,see20NYCRR3-6.2.

Subsidiary capitalisthevalueofcertainassetsreducedbyattributableliabilities.Theseassetsincludeallinvestmentsinthestockofsubsidiarycorporations,plusalldebtsfromsubsidiarycorporations(otherthanaccountsreceivableacquiredforservicesrenderedorpropertysoldtocustomersintheordinarycourseofbusiness)whetherornotevidencedbybondsorotherwritteninstruments,onwhichinterestisnotclaimedanddeductedbythesubsidiaryunderTaxLawArticle9-A,32,or33.Formoreinformation,see20NYCRR3-6.3.

Forthedefinitionofsmallbusinesstaxpayer,seeSmall business taxpayer definitiononpage8.

Line 70 —IfyouareclaimingqualifiedNewYorkmanufacturerstatus(seebelow)forpurposesofalowercapitalbasetaxlimitation,youmustmarkan X in the Yesbox.

Qualified New York manufacturerisamanufacturer(asdescribedbelow)thathaspropertyinNewYorkStatethatisprincipallyusedbythetaxpayerintheproductionofgoodsbymanufacturing,processing,assembling,refining, mining, extracting, farming, agriculture, horticulture, floriculture, viticulture, or commercial fishing, and either:

• theadjustedbasisofthepropertyforfederalincometaxpurposesisatleast$1millionatthecloseofthetaxyear;or

• allofitsrealandpersonalpropertyislocatedinNewYorkState.

Acorporationqualifiesasamanufacturerifduringthetaxyearthetaxpayeris principally engagedintheproductionofgoodsbymanufacturing,processing,assembling,refining,mining,extracting,farming,agriculture,horticulture, floriculture, viticulture, or commercial fishing. A taxpayer is principally engaged in manufacturing activities if during the tax year more than50%ofitsgrossreceiptsarederivedfromreceiptsforthesaleofgoodsproducedbytheseactivities.

AqualifiedNewYorkmanufactureralsoincludesataxpayerthatisaqualifiedemergingtechnologycompany(QETC)asdefinedunderPublicAuthoritiesLawsection3102-e(1)(c),exceptthatthe$10millionlimitationundersection3102-e(1)(c)(1)doesnotapply.

Line 71 — IfyouareclaimingqualifiedNewYorkmanufacturerstatus(seeabove)forpurposesofalowerENItaxrate,youmustmarkanX in the Yes box.

ForpurposesofthelowerENIrate,thegenerationanddistributionofelectricity,thedistributionofnaturalgas,andtheproductionofsteam associated with the generation of electricity are not considered manufacturing activities for purposes of the principally engaged test.

Line instructions for Form CT-3, General Business Corporation Franchise Tax Return Line A —MakeyourcheckormoneyorderpayableinUnitedStatesfunds.WewillacceptaforeigncheckorforeignmoneyorderonlyifpayablethroughaUnitedStatesbankorifmarked Payable in U.S. funds.

Line D — TaxLaw,Article36,section1700authorizestheTaxDepartmentto waive civil and criminal penalties for taxpayers who disclose and pay overduetaxes.UndertheTaxDepartment’snewVoluntaryDisclosureandComplianceProgram,eligibletaxpayerswhoowebacktaxescanavoidmonetarypenaltiesandpossiblecriminalchargesby:

• tellingtheTaxDepartmentwhattaxestheyowe;

• payingthosetaxes;and

• enteringanagreementtopayallfuturetaxes.

It’seasytoapply.VisitourWebsite(seeNeed help?). Justfollowtheprompts,answerafewquestions,andsubmityourapplicationelectronically.

Computation of entire net income (ENI) base

Line 1 —Enteryourfederaltaxableincome(FTI),beforeNOLandspecialdeductions,asrequiredtobereportedtotheU.S.TreasuryDepartment.

— IfyoufilefederalForm1120,usetheamountfromline28.

— IfyoufilefederalForm1120-REIT,usetheamountfromline20.

— IfyoufilefederalForm1120-RIC,usetheamountfromline24.

— IfyoufilefederalForm1120-HorForm1120-POL,usetheamountfromline 19.

— IfyoufilefederalForm1120-C,usetheamountfromline25lesstheamountfromline26a.

— Ifyouareamemberofafederalaffiliatedgroupthatfilesaconsolidatedreturn,completeaproforma1120reportingtheFTIyouwouldhavebeenrequiredtoreportonaseparatefederaltaxreturn,andattachacopy of the federal consolidating workpaper indicating your separate taxableincomebeforeanyeliminationofintercorporatetransactionsincluded in the federal consolidated return.

of28 CT-3/4-I(2011) Line instructions for Form CT-3

Line 4a —Entertheamountofinterest deductions allowed in the computationofENI(includableintheamountonLine 5a worksheet,lineE,below)thataredirectlyattributabletosubsidiarycapital(ortoincome,losses,orgainsfromsubsidiarycapital).

Line 4b —Entertheamountofnoninterest deductions allowed in the computationofENI(includableintheamountonLine 5b worksheet, lineE,onpage27)thataredirectlyattributabletosubsidiarycapital(ortoincome,losses,orgainsfromsubsidiarycapital).

Thedirectattributionofdeductionsisbasedonananalysisoffactsandcircumstances.Deductionsdirectlyattributabletosubsidiarycapitalorincomeincludebutarenotlimitedtothefollowing:

— interestondebtincurredtobuysubsidiarycapital

— salaries of employees engaged in the management, supervision, or conservationofsubsidiarycapital

— expensesforlegaladvicerelatingtotheacquisitionofsubsidiarycapital

— stewardshipdeductionsrelatingtosubsidiarycapital

Do not includeonlines4aand4binterestdeductionsornoninterestdeductionsthataredirectlyattributableto:

—Investmentcapital(ortoincome,losses,orgainsfrominvestmentcapital);seeFormCT-3-ATT,line15andline16.

—Businesscapital(ortoincome,losses,orgainsfrombusinesscapital).

Note:Certainexpensesmay,atthetaxpayer’selection,bedeemedtobedirectlyattributabletobusinesscapital(orincome,losses,orgainsfrombusinesscapital).Theseexpensesinclude,amongothers: depletion, advertising, research and development expenses, compensation packages of chief executive officer, chief financial officer, andchiefoperatingofficer,charitablecontributions,andinternalauditingexpenses.Foracompletelistingofdeductionssodeemedattributabletobusinesscapital,seeTSB-M-95(2)C,sectionIII.

Ifatleast95%ofthenoninterestdeductionsofanoperatingdivisionorcorporationaredirectlyattributabletoaparticularclassofcapitalorincome,100%ofthenoninterestdeductionsofthatdivisionorcorporationmaybedirectlyattributedtothatclassofcapitalorincome.Formoreinformation,seeTSB-M-95(2)C,sectionIV.

Completelines5aand5bifyouhavesubsidiarycapitalincludableonFormCT-3-ATT,line27,columnC(otherwise,enter0onlines5aand5b).

Line 5a — Compute the amount of interest deductions that are indirectly attributabletosubsidiarycapital(ortoincome,gains,orlossesfromsubsidiarycapital)usingLine 5a worksheetbelow.

Line 5b —Entertheamountofnoninterest deductions that are indirectly attributabletosubsidiarycapital(ortoincome,gains,orlossesfromsubsidiarycapital)usingLine 5b Worksheet, on page 27.

Line 6 —EntertheamountdeductedonyourfederalreturnforNewYorkStatetaxesimposedunderArticle9(sections183,183-a,184,184-a),9-A,23,and32.ThisincludestheMTAsurcharge.However,donotincludeNewYork City taxes. Include the amount deducted for taxes paid or accrued totheUnitedStates,itspossessions,otherU.S.states,theirpoliticalsubdivisions,anyforeigncountry,andtheDistrictofColumbia,ifthetaxortaxesareonoraremeasuredbyprofitsorincome,orincludeprofitsor income as a measure of tax, including taxes expressly in lieu of the foregoing.




• Thecorporationclaimsa30%/50%/100%federalspecialdepreciationdeductionunderIRCsection168(k)forqualifiedproperty(excludingqualifiedresurgencezonepropertydescribedinTaxLawsection208.9(q)orqualifiedNewYorklibertyzonepropertydescribed

%

Interest deductions indirectly attributable to subsidiary capital

A. Enterfederalinterestdeductionshownon federalForm1120 ................................................ A.B. Enteramountsofinterestdeductionsincluded onlineAthatmustbeaddedbacktoFTIin computingENI(otherthantheamountson FormCT-3,lines4aand5a);forexample, interest deductions taken in computing an amount included on Form CT-3, line 15. EntertheFormCT-3linenumbersand amountsbelow. Line # Amount Line # Amount Line # Amount Total B.C. Balance(subtract line B from line A) ......................... C.D. Enteramountsofinterestdeductionsthat mustbesubtractedfromFTIincomputing ENI;forexample,theinterestdeductionstaken in computing the amount on Form CT-3, line 2, or amounts related to foreign source income notincludedonfederalForm1120. EntertheFormCT-3linenumbersandamounts below. Line # Amount Line # Amount Line # Amount Total D.E. TotalNewYorkStateinterestdeductionsincluded inENI(add lines C and D) ....................................... E.F. Enteranyinterestdeductionsdirectlyattributableto subsidiarycapitalincludedonFormCT-3,line4a .... F. G. Enteranyinterestdeductionsdirectlyattributable to investment capital included on Form CT-3-ATT, line 15 ................................................................... G. H. Enteranyinterestdeductionsdirectlyattributable tobusinesscapital ............................................... H.I. Subtotal(add lines F, G, and H) ............................... I.J. Interestdeductionssubjecttoindirectattribution (subtract line I from line E) ........................................ J.K. EntertheamountfromFormCT-3-ATT,line27, column C ............................................................. K.L. EntertheamountfromFormCT-3,line30, column C ............................................................. L.M.Percentage(divide line K by line L) .......................... M.

N. Amount of interest deductions indirectly attributabletosubsidiarycapital(multiply line J by line M; enter here and on Form CT-3, line 5a) .............. N.

Line 5a worksheet


inIRCsection1400L(b)(2))placedinserviceonorafterJune1,2003,intaxyearsbeginningafterDecember31,2002;or


Ifline7applies,entertheamountfromFormCT-399,line3,columnE,theamountofyourfederaldeductionthatmustbeaddedbacktoFTI,orifyoudisposedofpropertythisyear,usetheamountfromFormCT-399,line10,columnA.EnteryourallowableNewYorkdepreciationamountonline14.For more information, see Form CT-399-I.

Line 8 – IRC section 199 deduction —Enterinthefirstentryboxtheamount of the deduction for domestic production activities from your federal returnthatisrequiredtobeaddedbackunderTaxLawsection208.9(b)(19).

If you have any of the following other additions to FTI, add the amount fromthefirstentryboxtothetotalamountofthoseadditionsandentertheresult. Attach a separate sheet listing the other additions.

Note: The foreign trade income of a foreign sales corporation, which is excludedfromgrossincomeforFTIpurposes,isnotrequiredtobeaddedbackindeterminingNewYorkStateENI.

A-1 Optional depreciation — If you have claimed optional depreciation in prioryearsoncertainpropertyacquiredfromJanuary1,1964,throughDecember31,1968,youmustincludeonthislineanydepreciationandanyfederal losses on the disposition of that property that you deducted from grossincomewhendeterminingFTI.MaketheadjustmentforNewYorkgainorlossonqualifiedNewYorkStatepropertyonline23.Seeadditionalinstructions for line 15, S-1, on page 14. Attach Form CT-324, Schedule of Optional Depreciation on Qualified New York Property.

A-2Worldwidenetincomeandlosses—AcorporationorganizedoutsidetheUnitedStatesmustincludeonthislineallincomefromsourcesoutsidetheUnitedStates,minusallallowabledeductionsattributabletoit,thatwasnot included in FTI.

A-3 If you are claiming a special additional mortgage recording tax credit (section210.17),youmustincludeonthislinetheamountclaimedasacredit and used as a deduction in the computation of FTI. The gain on the sale of real property on which the special additional mortgage recording tax creditwasclaimedmustbeincreasedwhenalloranypartofthecreditwasalsousedinthebasisforcomputingthefederalgain.

A-4Ifyourcorporationhasasafeharborleaseyoumustinclude:

— Any amount you claimed as a deduction in computing FTI solely as a resultofanelectionmadeunderIRCsection168(f)(8)asitwasineffectonDecember31,1983.

— Anyamountyouwouldhavebeenrequiredtoincludeinthecomputation of your FTI if you had not made the election permitted underIRCsection168(f)(8)asitwasineffectonDecember31,1983.

A-5 If you are claiming a farmers’ school tax credit, you must include on thislinetheamountofrealpropertytaxespaidonqualifiedagriculturalproperty and deducted in determining FTI, to the extent of the amount of thecreditallowedundersection210.22.

A-6Qualifiedemergingtechnologyinvestment(QETI)—IfyouelectedtodeferthegainfromthesaleofQETI,thenyoumustaddtoFTItheamountpreviouslydeferredwhenthereinvestmentintheNewYorkQETCthatqualifiedyouforthatdeferralissold(seesubtractionS-6onpage14).

A-7QualifiedpublicutilitycorporationsmustmaketherequiredaddbackspursuanttoTaxLawsection208.9(c-2).QualifiedpowerproducersandqualifiedpipelinecorporationsmustmaketherequiredaddbackspursuanttoTaxLawsection208.9(c-3).Formoreinformation,seetheinstructionsfor Schedule D on page 25.

A-8AmountofrelatedmemberroyaltypaymentrequiredtobeaddedbackpursuanttoTaxLawsection208.9(o).

A-9AmountofSportUtilityVehicle(SUV)depreciationrequiredtobeaddedbackpursuanttoTaxLawsection208.9(b)(16).

A-10 If you are claiming an environmental remediation insurance credit, you must include on this line the amount of premiums paid for environmental remediation insurance and deducted in determining FTI, to the extent of the amount of the credit allowed under Tax Law, Article 1, section 23 and Article9-Asection210.35.

Lines 10 through 16 — SubtractionsUselines10through16tosubtractitemsthatareincludedinFTIbutshouldnotbeincludedinNewYorkStateENI.

Line 10 —Ifyouhaveasubsidiary,completeScheduleCofFormCT-3-ATTandentertheamountfromline26.ThisamountmustincludecapitalgainsandanyotherincomeandgainfromsubsidiarycapitalthatwasincludedaspartofFTI.YoumustincludeassubsidiarydividendssubpartFincomereceived from a controlled foreign corporation in which you own more than50%ofthevotingstock(seefederalForm1120,ScheduleC).Donotincludeforeigndividendgross-upunderIRCsection78.ADISCdoesnotqualifyasasubsidiary.

Line 11 —Enter50%ofthedividendsreceivedfromnonsubsidiarystockthatmeetstheholdingrequirementsofIRCsection246(c).Include50%ofsubpartFincomereceivedfromacontrolledforeigncorporationinwhichyouown50%orlessofthevotingstock(seefederalForm1120,ScheduleC).Include50%ofthedividendsreceivedfromamoneymarketmutualfundincludedasinvestmentcapital(cash)onFormCT-3-ATT,line6.Donotincludethegrossed-updividends,underIRCsection78.Formoreinformation,seeTSB-M-89(14)C,50% Dividend Deduction to Conform with Federal Holding Periods.

IfyouareaREIToraRIC,youdonotqualifyforthe50%deductionfordividendsreceivedfromnonsubsidiarystock(seeNYCRRregulationsections3-11.1(b)and3-12.1(b)).

Line 12 —Enterforeigndividendgross-uppursuanttoIRCsection78(seefederalForm1120,ScheduleC).ENIdoes not include any amount treated asdividendspursuanttoIRCsection78(section208.9(a)(6)).

Line 13 —EnteranyNewYorkStateNOLcarriedforwardfromprioryears.AttachaseparatesheetwithfulldetailsofbothfederalandNewYorkStateNOLs claimed.

IftheNOLiscarriedbackforfederalpurposes,youmustdeterminetheNew York State NOL carryforward deduction as if you had elected under IRCsection172torelinquishthecarrybackprovisions,exceptforthefirst$10,000whichyoumaycarrybacktotheprecedingyears(section208.9(f)).

These rules apply:

A. IRCsection172federallossesmustbeadjustedinaccordancewithArticle9-Asection208.9(a),(b),and(g).

B. ForNOLsincurred,refertoIRCsection172forcarrybackandcarryforward periods.

C. IfyouhaveelectedtocarrybackanNOLforfederaltax,youmaycarrybackonlythefirst$10,000ofanNOLtotheprecedingyears;useanamendedreturntorequestarefundbasedonanNOLcarryback.

D. Anyportionofthe$10,000NOLnotusedasacarrybackmaybecarriedforward.

E. IfyouhaveelectedforfederaltaxpurposestorelinquishthecarrybackofanNOL,youmaynotcarrybackanNOLforstatetaxpurposes,andyoumustsubmitacopyofyourfederalelection.

F. No deduction is allowed for an NOL sustained during any year in which thecorporationwasnotsubjecttotaxunderArticle9-A.

G. TheNewYorkStatenetoperatinglossdeduction(NOLD)foranyparticular year is limited to the federal NOLD for that year. For the purposesofthislimitation,acorporationthathaselectedtocarrybackupto$10,000ofitsNOLforNewYorkStatepurposesshouldcomputeitsfederalNOLDasifitonlycarriedbackthesame$10,000(seeitemsC,D,andE).

H. A New York C corporation is not allowed a deduction for an NOL sustained during a New York S year. A New York S year is treated as a taxyearforpurposesofdeterminingthenumberoftaxyearstowhichtheNOLmaybecarriedbackorforward(TaxLawsection208.9(f)(4)).

I. AREITisallowedadeductionforNOLs.

J. TheserulesalsoapplytoafederalScorporationnotelectingNewYorkS corporation treatment, and to corporations included in a group reportingonaconsolidatedbasisforfederaltaxbutonaseparatebasisfor purposes of Article 9-A. These corporations should compute their NOLsandNOLDsasiffilingonaseparatebasisforfederalincometax purposes. However, instead of a copy of the federal election to relinquishthecarrybackofaNOL,arequestinwritingtorelinquishthecarrybackmustbefiledonorbeforetheduedate(orextendedduedate)ofthereturnforthelossyear.AnycorporationthatdoesnotmakeanelectionwiththeTaxDepartmentbytheduedatemustcarrythefirst$10,000oftheNOLbackbeforethelosscanbecarriedforward.


Note:Patronage-sourcedNOLscannotbeusedtoreducenonpatronage-sourcedtaxableincome.

Special NOL provisions apply to aviation corporations that filed under Article9fortheyears1985through1988(seeAviation corporations — NOL provisions for tax years 1985 through 1988below).

Aviation corporations — NOL provisions for tax years 1985 through 1988

CorporationsprincipallyengagedinaviationaretaxableunderArticle 9-A and may claim a NOLD in the same manner as other Article 9-A corporations. Air freight forwarders acting as principal and like indirect carriersarelimitedtoNOLssustainedinyearsthattheyweretaxableunderArticle 9-A.

Aviationcorporations(otherthanairfreightforwardersactingasprincipalandlikeindirectaircarriers)maycarryforwardanyNOLssustainedduringthefederaltaxperiodscoveringtheyears1985through1988,iftheyweretaxedunderArticle9sections183and184,duringthoseperiods.

TheNewYorkStateNOLmustbecomputedasifthecorporationhadfiledFormCT-3forthetaxyears1985through1988andtreatedasifthelosshadbeensustainedinthetaxyearimmediatelyprecedingitsfirstArticle9-Ataxyear.The1985through1988NOLmustbecarriedforward.




• Thecorporationclaimsa30%/50%/100%federalspecialdepreciationdeductionunderIRCsection168(k)forqualifiedproperty(excludingqualifiedresurgencezonepropertydescribedinTaxLawsection208.9(q)orqualifiedNewYorklibertyzonepropertydescribedinIRCsection1400L(b)(2))placedinserviceonorafterJune1,2003,intaxyearsbeginningafterDecember31,2002;or


If line 14 applies, enter the amount from Form CT-399, line 3, column I, or, if you have disposed of property this year, use the amount from Form CT-399,line10,columnB,andattachtheform.Formoreinformation,seeForm CT-399-I.

Line 15 —IfyouhaveanyofthefollowingothersubtractionsfromFTI,enterthetotalamountofthosesubtractionsandattachalist.

S-1 Optional depreciation — If you claimed optional depreciation in prioryearsoncertainpropertyacquiredfromJanuary1,1964,throughDecember31,1968,includeonthislineanyfederalgainonthedispositionofqualifiedpropertythatwasincludedinFTI.MaketheadjustmentforNewYorkStategainorlossonqualifiedNewYorkStatepropertyonline23.Seeadditionalinstructionsforline8,A-1,onpage13.AttachForm CT-324.

S-2Receiptsfromtheoperationofschoolbuses—Includeallreceiptsfrom the transportation of pupils, teachers, and others acting in a supervisory capacity to and from school or school activities, minus any deductions allowed in computing FTI that are directly or indirectly attributabletothosereceipts.

S-3 Include any refund or credit of a tax imposed under Tax Law Article 9-A, 23, or 32, for which no exclusion or deduction was allowed in determiningthetaxpayer’sENIforanyprioryear,oranyrefundorcreditofataximposedunderArticle9sections183,183-a,184,or184-a.Donotinclude on this line any refund or credit of tax that was used to offset an additionoftaxonline6.DonotincludeanyrefundorcreditofNewYorkCity taxes.

S-4IncludetheamountofwagesdisallowedunderIRCsection280CinthecomputationofyourFTIbecauseyouclaimedafederalcredit.Attachacopy of the appropriate federal credit form.

S-5Ifyourcorporationhasasafeharborlease,includethefollowingitems:

— Any amount included in your FTI solely as a result of an election made underIRCsection168(f)(8)asitwasineffectonDecember31,1983.

— Any amount you could have excluded from FTI if you had not made theelectionprovidedforinIRCsection168(f)(8)asitwasineffectonDecember31,1983.

Leasesforqualifiedmass-commutingvehiclesasdefinedinIRCsection103(b)(9)areexemptfromtheseadjustments.

S-6YoumaydeferthegainonthesaleofQETIthatare(1)heldformorethan36monthsand(2)rolledoverintothepurchaseofaQETIwithin365days.AreplacementQETImustbepurchasedwithinthe365-dayperiodbeginningonthedateofsale.GainisnotdeferredandmustberecognizedtotheextentthattheamountrealizedonthesaleoftheoriginalQETIexceedsthecostofareplacementQETI.ThegaindeferralappliestoanyQETIsoldonorafterMarch12,1998,thatmeetstheholding-periodcriteria.YoumustaddbackthegaindeferredintheyearthereplacementQETIissold.

If you elect the gain deferral, deduct from FTI the amount of the gain deferral(totheextentthegainisincludedinFTI).IfpurchaseofthereplacementQETIwithinthe365-dayperiodoccursinthesametaxyearasthesaleoftheoriginalQETI,orinthefollowingtaxyearandbeforethedate the corporation’s franchise tax return is filed, take the deduction on thatreturn.IfpurchaseofthereplacementQETIwithinthe365-dayperiodoccurs in the following tax year and on or after the date the corporation’s franchise tax return is filed, you must file an amended return to claim the deduction.Formoreinformation,seeTSB-M-98(7)C,1998 Summary of Corporation Tax Legislative Changes, pages5and6.

S-7 VictimsortargetsofNazipersecution—Includetheamountreceived(includingaccumulatedinterest)fromaneligiblesettlementfund,orfromaneligiblegrantortrustestablishedforthebenefitofthesevictimsortargets,ifincludedinyourFTI.Donotincludeamountsreceivedfromassetsacquiredwithsuchassetsorwiththeproceedsfromthesale(TaxLaw,Article1,section13).

S-8 QualifiedpublicutilitiescorporationsandtransfereesmustmakedeductionspursuanttoTaxLawsection208.9(c-2).QualifiedpowerproducersandqualifiedpipelinecorporationsmustmakedeductionspursuanttoTaxLawsection208.9(c-3).Formoreinformation, see the instructions for Schedule D of Form CT-3-ATT on page 25.

S-9AmountofrelatedmemberroyaltypaymentrequiredtobesubtractedpursuanttoTaxLawsection208.9(o).

S-10AmountofSUVrecapturerequiredtobesubtractedpursuanttoTaxLawsection208.9(a)(16).

S-11 REIT deduction —EnterthetotaldividendspaiddeductionfromfederalForm1120-REIT,line21bandtheIRCsection857(b)(2)(E)deductionfromForm1120-REIT,line21c.

S-12 RIC dividend deduction —EnterthetotaldividendspaiddeductionfromfederalForm1120-RIC,line25.

S-13Enterinthefirstentryboxtheamountofrefundofthequalifiedempirezoneenterprise(QEZE)creditforrealpropertytaxesthatisincludedinyourFTIandisbeingincludedonline15.

Lines 18 through 24 — ENI base The ENI baseistheportionofyourENIallocatedtoNewYorkStatewithcertainadjustments.Itmayconsistofbothbusinessandinvestmentincome.

UseScheduleA,Part1,2,or3,asapplicable,tocomputeyourbusinessallocationpercentage(BAP).

UseFormCT-3-ATT,ScheduleB,Parts1and2,tocomputeyourinvestment income and investment allocation percentage.

Line 18 —CompleteFormCT-3-ATT,ScheduleB,Part2,andentertheamount of your investment income from line 22. Do not enter more than the amount on line 17. If you had no investment income, enter 0 and do not useScheduleBofFormCT-3-ATT.

Line 21 —Multiplyline19byyourBAPfromScheduleA,line119,121,or141.Ifyouclaimabusinessallocationof100%,enterthefullamountfromline 19.

Line 23 — You may claim a deduction for optional depreciation on this line. Include any gain or loss on the disposition of property on which optional depreciation was claimed. Attach Form CT-324.

Line 24 — If line 23 is a gain, add lines 22 and 23. If line 23 is a loss, subtractline23fromline22.ThisisyourENIbase.


Line 25 — ENI base tax computationGeneral business taxpayersIfyoudonotqualifyasasmallbusinesstaxpayer(asdefinedbelow)oraqualifiedNewYorkmanufacturer(seepage21,line165),multiplyline24by7.1%(.071).Entertheresultonline25andline72,thencontinuewithline26.

Small business taxpayer definitionAcorporationqualifiesasasmallbusinesstaxpayerif:

— itsENI(beforeallocation)isnotmorethan$390,000;

— the total amount of money and other property it received for stock, asacontributiontocapitalandaspaid-insurplus,isnotmorethan$1,000,000asofthelastdayofitstaxyear;and

— the corporation is not part of an affiliated group, as defined in IRC section1504,unlessthegroupitselfwouldhavemettheabovecriteriaifithadfiledacombinedreturn.

Short periods: A corporation that files Form CT-3 for a tax year of less than 12monthsmustannualizeENIfromFormCT-3,line17,todetermineifitqualifiesasasmallbusinesstaxpayer.Foraperiodoflessthan12months,annualizetheENI(line17)bydividingitbythenumberofmonthsintheshortperiodandmultiplyingtheresultby12.

Small business taxpayersCompletelines162and163ifyouusethesmallbusinesstaxpayertaxrate.

IfyourENIbaseis$290,000orless,multiplyline24by6.5%(.065)andentertheresultonline25andline72,thencontinuewithline26.

IfyourENIbaseismorethan$290,000butnotover$390,000,youreffectiveratewillbebetween6.5%and7.1%.Yourtaxis:

1. $18,850($290,000times6.5%),plus

2. 7.1%(.071)ofanyamountover$290,000,plus

3. 4.35%(.0435)ofanyamountover$350,000.

UseWorksheetAbelowtocomputeyourtax:

Asmallbusinesstaxpayer’staxontheENIbasewillneverexceed$27,690for the tax period.

IfyouareaqualifiedNewYorkmanufacturer(seepage21,line165),multiplyline24by6.5%(.065).Entertheresultonlines25and72,andcontinuewithline26.MarkanXintheapplicableboxonline165toavoidan erroneous assessment or delayed refund.

Computation of capital base Lines 26 through 40 Todeterminethevalueofyourassetsforthecapitalbasecomputations,youmustincluderealpropertyandmarketablesecuritiesatfairmarketvalue. You must include all other property at the value shown on your booksinaccordancewithgenerallyacceptedaccountingprinciples(GAAP).Uselines28and29toadjustthevalueoftheassetsyoureportedonyourfederalreturn.Ifyouarenotrequiredtocompletethebalancesheetonyourfederaltaxreturn,usetheamountthatwouldhavebeenreported on the federal return.

Onlines26through31,enterthevaluesatthebeginningoftheyearincolumnAandattheendoftheyearincolumnB.EntertheaveragevalueincolumnC.Averagevalueisgenerallycomputedquarterlyifyourusualaccountingpracticepermitsit.However,youmayuseamorefrequentbasissuchasmonthly,weekly,ordaily.Ifyourusualaccountingpractice

doesnotpermitaquarterlyormorefrequentcomputationoftheaveragevalue of assets, you may use a semiannual or annual computation if no distortion of average value results.

Short periods — If a tax return is for a period of less than 12 months, determinetheamountofbusinesscapitalbymultiplyingtheaveragevaluebythenumberofmonthscoveredbythereturnanddividingby12(see20NYCRRsection3-3.7).

Line 29 — Enterthefairmarketvalueofrealpropertyandmarketablesecurities included on line 27. The fair market value of an asset is the price (withoutdeductionofanencumbrancewhetherornotthetaxpayerispersonallyliable)atwhichawillingsellerwillsellandawillingpurchaserwillbuy.Youcangenerallyfindthefairmarketvalueofmarketablesecuritiesfrompricequotesinfinancialnewspapers.Fordeterminationoffairmarketvalueofrealproperty,seeTSB-M-85(18.1)C,Valuation of Real Property.

Line 31 — Entertheamountofallliabilitiesattributabletoassetsonline26,bothlongandshortterm.

Usethesamemethodofaveragingusedtodetermineaveragevalueofassets.

Line 40 — Capital base tax computation —Multiplyline39bythetaxrateof.0015.Cooperativehousingcorporationsmultiplyline39by.0004.Entertheresultonline73,butdonotentermorethan$350,000ifyouareaqualifiedNewYorkmanufactureranddonotentermorethan$1,000,000forallothertaxpayers.Completeline164ifyouareclaimingqualifiedNewYorkmanufacturerstatusforpurposesofalowercapitalbasetaxlimitation.IfyouhavebeentaxableinNewYorkStateforlessthantwoyears,readtheinstructionsonpage16forline73toseeifyouqualifyasanewsmallbusinesscorporation.

Note: AllcooperativehousingcorporationsmustfileFormTP-588,Cooperative Housing Corporation Information Return, twice a year. For moreinformation,seetheinstructionsonFormTP-588.

Line 41 — Your issuer’s allocation percentage represents the amount of your capital employed within New York State compared to the total amountofcapitalemployedeverywhere.EverytaxpayerusingFormCT-3should compute an issuer’s allocation percentage. If you do not supply the information needed to compute your issuer’s allocation percentage you may have to pay a $500 penalty.

Todeterminethepercentage,addline39(capitalbase)andFormCT-3-ATT,ScheduleC,line29(subsidiarycapitalbase),thendividebytheamountonline32(totalcapital).Ifyouhavenosubsidiaries,dividetheline39amountbytheline32amount(seePercentages).

Computation of minimum taxable income (MTI) base

Lines 42 through 71ThecalculationofMTIrequirestheadditiontoENIoffederaltaxpreferenceitems,theadditionorsubtractionofcertainfederaladjustmentsusedtocomputefederalalternativeMTI,theadditionoftheNewYorkStateNOLD,andthesubtractionoftheANOLD.MTIisallocatedbytheuseofanalternativeBAPandtheregularinvestmentallocationpercentage.SeeArticle9-Asections208.8-B,210.1(c),and210.3-a,andTSB-M-90(13)C,Computation of Minimum Taxable Income Base and Minimum Tax Credit.

TheTaxLawalsoprovidesforaminimumtaxcredit,availableforuseagainsttaxcomputedontheENIbase.Thecreditisdesignedtopreventdouble-countingofincomethatmightotherwisearisebecauseoftimingitemsoftaxpreferenceandadjustments.SeeArticle9-Asection210.13,andFormCT-38.

YoumustdetermineanMTIbaseandtax,whetherornotyoufilefederalForm4626.

Enter0 on any line that does not apply to you. Show any negative amounts withaminus(-)sign.

Line 43 — IfyouarerequiredtocompleteFormCT-399,Part4,entertheamountfromFormCT-399,line15or16.

IfyouarenotrequiredtocompleteFormCT-399,Part4,entertheamountfromfederalForm4626,line2a.

IfyouwerenotrequiredtofilefederalForm4626,computetheamountthatwouldhavebeenreportedonline2aofthatform.

AttachacopyofFormCT-399orfederalForm4626toyourreturn.

Worksheet A

ENIbasefromline24 .......................... A. $18,850

Subtract .................... 290,000

Multiplybalance ........ by.071= .......... B.

Subtract .................... 60,000

Multiplybalance ........ by.0435= ........ C.

AddboxesA,B,andC;entertheresulthereandon

lines 25 and 72 ....................................................... D.


Line 44 — EnterthefederalitemofadjustmentforminingexplorationanddevelopmentcostsasdeterminedinIRCsection56(a)(2)(fromfederalForm4626).

Line 45 — EnterthefederalitemofadjustmentforcirculationexpendituresofpersonalholdingcompaniesasdeterminedunderIRCsection56(b)(2)(fromfederalForm4626).

Line 46 — EnterthefederalitemofadjustmentforadjustedgainorlossasdeterminedunderIRCsection56(a)(7)(fromfederalForm4626),exceptdonotincludeanybasisadjustmentmadeindeterminingthegainorlossfrom the sale or exchange of pollution control facilities.

Line 47 — Enterthefederalitemofadjustmentforthetreatmentofcertainlong-termcontractsasdeterminedunderIRCsection56(a)(3)(fromfederalForm4626).

Line 48 — EnterthefederalitemofadjustmentforinstallmentsalesofcertainpropertyasdeterminedunderIRCsection56(a)(6)(fromfederalForm4626).

Line 49 — EnterthefederalitemofadjustmentformerchantmarinecapitalconstructionfundsasdeterminedunderIRCsection56(c)(2)(fromfederalForm4626).

Line 50 — EnterthefederalitemofadjustmentfordisallowanceofpassiveactivitylossasdeterminedunderIRCsection58(b)(fromfederalForm4626).

Line 52 — EnterthefederalitemofpreferencefordepletionasdeterminedunderIRCsection57(a)(1)(fromfederalForm4626).

Line 53 — EnterthefederalitemofpreferenceforthecarryoverofappreciatedpropertycharitabledeductiondeterminedunderIRCsection57(a)(6).

Line 54 — EnterthefederalitemofpreferenceforintangibledrillingcostsasdeterminedunderIRCsection57(a)(2)(fromfederalForm4626).

Line 56 — EntertheNOLdeductedinthecomputationoftheENIbase.This is the amount on Form CT-3, line 13. Include only the maximum amountpermittedonFormCT-3,line13;seeinstructionsforline13onpage 13.

Line 58 — EnteryourANOLD.AttachaseparatesheetwithfulldetailsoftheNewYorkStatealternativenetoperatinglosses(ANOLs)claimed.

TheANOLDisdeterminedinthemannerdescribedforline13,forcomputingtheregularNOLD,exceptthattheNOLforanyyearbeginningafter1989thatisincludedintheANOLDmustberedeterminedwiththeadjustmentsandtaxpreferencesrequiredtobeusedincomputingtheMTIforthatyear.(Note:TherequiredaddbackofregularNOLDisnotanadjustmentortaxpreference.)Anitemoftaxpreferenceistakenintoaccount only to the extent it increased the regular NOL. In determining the ANOLs carrying into the ANOLD of any given year, the following rules apply:

A. ExcludelossesfromyearswhenthetaxpayerwasnotsubjecttoArticle 9-A.

B.Pre-1990NOLsavailableforcarryforwardto1990undertheregulartaxareavailableforcarryforwardto1990undertheminimumtax,andwithouttheapplicationofminimumtaxadjustments.

C.ANOLsmustbecarriedtotheappropriatecarryyears,whetherornotthetaxonMTIisthelargesttaxfortheparticularcarryyear.

D.ANOLsmustbecarriedusingtheconventionsofIRCsection172(b)(2).Thecarrybackshouldbeexhaustedintheearliestavailablecarryyear,exceptasprovidedinEandF.

E. ThecarrybackofeachANOLislimitedto$10,000,asisthecasewiththe regular tax NOLD.

F. ThefederalelectiontoforgocarrybackofanNOLappliestotherelatedNew York ANOL.

G.ANOLsmustbeappliedagainst90%ofMTI(determinedwithoutregardtotheANOLD)eachyear,eventhoughsomelowerlimitationonthe ANOLD actually applies for that year. Limitations on the ANOLD are describedinHthroughJbelow.

H. InapplyingthecarryoutrulesunderD,ANOLsmustbecarriedouttotaxyearsbeginningin1990through1993,eventhoughnoANOLDwasallowed in those years.

I. Fortaxyearsbeginningin1994only,theANOLDislimitedto45%ofMTI,computedwithoutregardtotheANOLD,andthereafterto90%ofMTI,computedwithoutregardtotheANOLD.

J. TheANOLDforanyparticularyearislimitedtothefederalregulartaxNOLD for that year.

Formoreinformation,seeTSB-M-94(5)C,Computation of Minimum Taxable Income and Minimum Tax Credit.

Line 61 — AddthoseitemsofadjustmentandtaxpreferencederivedfrominvestmentcapitalthatarenotincludedinENIbutareincludedinMTI(forexample,appreciatedpropertycharitabledeductionforcontributedstocktreatedasanitemoftaxpreference).

Line 63 — ApportionanyANOLDclaimedonline58betweenbusinessincome and investment income. Divide alternative investment income beforedeductionofanyANOL(line62)byMTIbeforedeductionofanyANOLD(line57).MultiplytheresultbytheANOLDfromline58andenterthe amount on this line.

Line 64 — Alternative investment income is the sum of investment income andthatportionofMTIthatconsistsofincomefrominvestmentcapitalthatwasnotincludedinENI.

Line 71 — IfyourlargesttaxisbasedontheMTIbase,youmaybeallowedaminimumtaxcreditinafutureyear.CompleteFormCT-38,SchedulesA,B,andDtocomputeyourminimumtaxcreditgeneratedthisyearandcarried forward to future years. Attach a copy to Form CT-3 and keep a copyforyourrecords.UsethistodetermineyourminimumtaxcredittobeusedagainstyourtaxonENIinthefuture.

Computation of tax

Line 73 — Enterthetaxcomputedonyourcapitalbasefromline40.

ThetaxonthecapitalbasedoesnotapplytoaREIT,asdefinedinIRCsection856thatissubjecttotaxunderIRCsection857,oraRIC,asdefinedinIRCsection851thatissubjecttotaxunderIRCsection852andthey must enter 0online73.AREITorRICfilingfederalForm1120-REITor1120-RICmustalsomarkanXintheapplicableboxonlineBonpage1ofthe return to avoid an erroneous assessment or delayed refund.

A new small business corporation may claim an exemption from the tax onthecapitalbaseforitsfirsttwotaxyearsifitmeetstherequirementsbelow.Ifyouareclaimingthisexemption,enter0 on line 73 and mark the boxindicatingtheyearforwhichtheexemptionistaken.Youwillcontinuetobeliableforthelargesttaxcomputedonlines71,72,or74b,inadditionto the tax on line 77. Attach a separate sheet covering all points listed below.Ifyoudonotsupplytheinformation,wewilldisallowtheexemption.

Donotconfusethisdefinitionwiththedefinitionofasmallbusinesstaxpayer on line 25.

Toqualify,thecorporationmustmeetthefederaldefinitionofasmallbusinesscorporation(IRCsection1244(c)(3),disregardingthesecondsentenceofsubparagraph(A)).Therequirementsare:

— The total amount of money and other property the corporation received forstock,asacontributiontocapital,andaspaid-insurplus,maynotbemorethan$1,000,000onthelastdayofitstaxyear.

— ItcannotbesimilarinownershipandoperationtoabusinessnowtaxableorpreviouslytaxableunderNewYorkStateTaxLaw,Article9(section183,184,185,or186),9-A,22,32,or33(orabusinessentitywhichhadincomeorlossesincludableunderArticle22orwhichwouldhavebeentaxableunderformerArticle23,unincorporatedbusinesstax,hadthatarticlenotbeenrepealedbytheLawsof1978).

— 90%ofthecorporation’sassetsand80%ofitsemployeesmustbelocated in New York State.

— Itcannothaveasashareholderacorporationthatownsover50%ofitsvotingstock,andthatistaxableunderArticle9(section183,184,185,or186),9-A,32,or33,unlessthecorporationitselfqualifiesasasmallbusinesscorporation.

Line 74a — New York receipts — EnteryourNewYorkreceipts.Ifyoudonot have New York receipts, enter 0.

To avoid an erroneous assessment or a delay in your refund, you must enter an amount on this line.

Includebusinessreceiptsfromthesalesoftangiblepersonalproperty,services performed, rentals, royalties, receipts from the sales of rights for closedcircuitandcabletelevisiontransmissions,andallotherbusinessreceiptsreceivedintheregularcourseofbusinesswithinNewYorkState.TheseitemscanbefoundonfederalForm1120,Income section.


UnderNewYorkStateRegulationsection4-4.6(e),receiptsfromthesalesofcapitalassetsarenotbusinessreceiptsandarenotincludedinNewYork receipts.

Forashortperiod,annualizeNewYorkreceiptsbydividingbythenumberofmonthsintheshortperiodandmultiplyingtheresultby12.

Line 74b — Fixed dollar minimum tax — The fixed dollar minimum tax is determinedbythecorporation’sNewYorkreceipts.

HomeownersassociationswithnoFTIarenotsubjecttothefixeddollarminimum tax and must enter 0. A homeowners association filing federal Form1120-HmustalsomarkanXintheapplicableboxonlineBonpage 1 of the return to avoid an erroneous assessment or delayed refund.

If you are filing a short period return, see Short periods — fixed dollar minimum tax and maintenance feeonpage5todeterminetheapplicablefixed dollar minimum tax.

Line 75 — Entertheamountfromline71,72,73,or74b,whicheverislargest.

Small business taxpayer exception:Ifline73(taxoncapitalbase)islargerthanline72(taxonENIbase)onlybecauseofthereducedrateapplicabletosmallbusinesstaxpayers,enterthelargestamountfromline71,72,or74b.Ifyouqualifyasbothasmallbusinesstaxpayerand a qualifiedNewYorkmanufacturer,youmustusethesmallbusinesstaxpayerrateforpurposesofENIbaseinordertobeexemptfromthetaxonthecapitalbaseunderthesmallbusinesstaxpayerexception.MarkanX in the Yesboxonline162toindicatethatyouareclaimingsmallbusinesstaxpayerstatus(donot mark an X in the Yesboxonline165).

TaxableDISCsmustenterthelargerofline73or74b.

Line 79

Temporary deferral of certain tax credits —FortaxyearsbeginningonorafterJanuary1,2010,andbeforeJanuary1,2013,ifthetotalamountof certain credits that you may use to reduce your tax or have refunded to youisgreaterthan$2million,theexcessover$2millionmustbedeferredto,andusedorrefundedin,taxyearsbeginningonorafterJanuary1,2013.Formoreinformationaboutthecreditdeferral,seeFormCT-500, Corporation Tax Credit Deferral.

Ifyouaresubjecttothecreditdeferral,youmustcompleteallcreditforms without regard to the deferral. However, the credit amount that is transferredtoyourtaxreturntobeappliedagainstyourtaxdueortoberefundedtoyoumaybereduced.FollowtheinstructionsforFormCT-500to determine the amounts to enter on your tax return.

Completeline100aandenterthetotalamountofthetaxcreditsthatyou are claiming. If you are claiming more than one tax credit, see FormCT-600-I,Instructions for Form CT-600, for the order of application under Article 9-A. Attach copies of all forms and schedules used.

Thecreditforservicingmortgagesmayreducethetaxtozero.

Line 82 — Thefranchisetaxisthelargerofline80or81.However,ifthetotalonline80islessthanthetotalonline81becauseoftheapplicationofthecreditforservicingmortgages(availableonlytomortgagebankers),theQEZEtaxreductioncreditofataxpayerwitha100%zoneallocationfactor,orthecreditfortaxicabsandliveryservicevehiclesaccessibletopersonswithdisabilities,entertheamountfromline80.

Ifthetotalonline80islessthanthetotalonline81becauseoftheapplication of the credit for employers who employ persons with disabilities,theQEZEtaxreductioncreditofataxpayerwithazoneallocationfactornotequalto100%,theEZ-EIC,theEmpireStatefilmproductioncredit,theEmpireStatefilmpost-productioncredit,ortheEmpireStatecommercialproductioncredit,enterthelargerofline80or74b.

Ifyouareaforeignauthorizedcorporationthatfiledareturnfora12-monthperiod,andthetotalofyourNewYorkStatecorporationtaxesandMTAsurchargeislessthan$300,youmustincreaseyourpaymentsothatthetotalcorporationtaxesandMTAsurchargeequal$300.Do not enter $300 on line 82; enter only the amount of tax calculated. Include this amount (differencebetween$300andthetaxcalculated)onlineAonpage1ofForm CT-3.

Ifyouareaforeignauthorizedcorporationandfiledashortperiodreturn,refer to Short periods — fixed dollar minimum tax and maintenance fee on page5,inordertodeterminetheminimummaintenancefeerequirement.

Line 83b — Ifthetaxonline82exceeds$1,000andyoudidnotfileFormCT-5,amandatoryfirstinstallmentisrequiredfortheperiodfollowingtheonethatiscoveredbythisreturn.Ifthetaxonline82exceeds$1,000,butisnotgreaterthan$100,000,multiplytheamountonline82by25%.Ifthetaxonline82exceeds$100,000,multiplytheamountonline82by40%.

Line 87 — Form CT-222, Underpayment of Estimated Tax by a Corporation, isfiledbyacorporationtoinformtheTaxDepartmentthatthecorporationmeets one of the exceptions to reduce or eliminate the underpayment of estimatedtaxpenaltypursuanttoTaxLawsection1085(d).

Lines 88 and 89 — If you are not filing this return on time, you must pay interest and additional charges. See Penalties and interest on page 4.

Lines 91a through 91eIfyouwanttomakeacontributiontoReturn a Gift to Wildlife, Breast Cancer Research and Education Fund, Prostate Cancer Research, Detection, and Education Fund, National September 11 Memorial & Museum at the World Trade Center, Volunteer Firefighting and Volunteer Emergency Services Recruitment and Retention Fund, or all five, enter the wholedollaramount(s)ontheappropriateline(s).Yourgiftwillincreaseyourpayment or reduce your overpayment. You cannot change the amount of your gift after you file your return.

Line 91a — Return a Gift to Wildlife — YourcontributionwillbenefitNew York’s fish, wildlife, and marine resources, and you can receive a free issue of Conservationistmagazine.Call1800678-6399foryourfreesampleissue.FormoreinformationaboutNewYorkState’senvironmentalconservation programs, go to www.dec.ny.gov.ForinformationaboutConservationist, go to www.TheConservationist.org.

Line 91b — Breast Cancer Research and Education Fund — Your contributionwillsupportground-breakingresearchandeducationinNewYorkStatetoprevent,treat,andcurebreastcancer.Helpmakebreastcanceradiseaseofthepast.Formoreinformation,gotowww.wadsworth.org/extramural/breastcancer. New York State will match yourcontributiontotheBreastCancerResearchandEducationFund,dollar for dollar.

Line 91c — Prostate Cancer Research, Detection, and Education Fund — Yourcontributionwillsupporteducationprojectsandground-breakingbiomedicalresearchstudiesinNewYorkStatetoimprovethe detection and treatment of prostate cancer. New York State will match contributionstotheProstateCancerResearch,Detection,andEducationFund, dollar for dollar.

Line 91d — National September 11 Memorial & Museum at the World Trade Center (9/11 Memorial) — YourcontributionwillhelpcreateandsustaintheNationalSeptember11Memorial&Museumwhichwill commemorate and honor the thousands of people who died in the attacksofSeptember11,2001,andFebruary26,1993.TheMemorialwillrecognizetheenduranceofthosewhosurvived,thecourageofthosewho risked their lives to save others, and the compassion of all who supported us in our darkest hours. Help New York State, the nation, and theworldrememberbymakingacontribution.Formoreinformation,gotowww.national911memorial.org.

Line 91e — Volunteer Firefighting and Volunteer Emergency Services Recruitment and Retention Fund — Contributionstothisfundwillhelprecruit and retain the men and women who make up our volunteer fire and volunteeremergencymedicalservicesunits.Volunteerfirefightersandvolunteer emergency services workers are crucial to the effective operation ofamunicipalityandforthesafetyandwell-beingofthecitizensofthisstate.Volunteerfirefightersandvolunteeremergencymedicalservicesworkersprovideinvaluablebenefitstotheirlocalcommunities.Despitetheirimportance,thenumberofvolunteerfirefightersandvolunteeremergencyservices workers has declined significantly over the past few years. For more information, go to www.dhses.ny.gov/ofpc or contact the State Office ofFirePreventionandControlat(518)474-6746.

Line 94 — Unrequested refunds to be credited forward — If the corporation overpays its tax, it will not automatically receive a refund. Instead, we will credit your overpayment to the following tax year unless yourequestarefundonline98.Wewillnotifyyouthattheoverpaymenthasbeencreditedandexplainhowtorequestarefundofthecreditedamount.Ifyouchoosetorequestarefundofsuchcreditedamount,youmust claim a refund of such overpayment prior to the original due date of the following year’s return.

SeeTable7oftheTax rates scheduleonpage6todeterminetheapplicablefixeddollarminimumtax.


Lines 95 through 98 — You may apply an overpayment to your next state franchisetaxperiod,ortoyourMTAsurchargeforthisperiod,oryoumayhave it refunded. Indicate on these lines the amount of overpayment you wish credited or refunded.

Lines 99a through 99b — Ifyourequestarefundofunusedtaxcredits,enterthetotalamountonline99a.Ifyourequesttaxcreditstobecreditedasanoverpaymenttonextyear’sreturn,enterthetotalamountonline99b.Attach the appropriate tax credit forms. Do not include these amounts inthetotalcreditsclaimedonlines79,100a,or100b.Foralistingofrefund-eligiblecredits,seeFormCT-600-I.

Summary of credits claimed on line 79 against current year’s franchise tax

MarkanXintheboxonFormCT-3directlyaboveline100aifyouareclaimingtheQEZEtaxreductioncreditandyouhavea100%zoneallocation factor.

Line 100a — Entertheamountofanytaxcreditsthatyouareclaimingon line 79 against your current year’s franchise tax. For other credits not specified,entertheamountofcreditsbeingclaimedintheOther credits boxandincludethisamountinthetotal.Donotincludeanyamountoftaxcreditrequestedasarefundonline99aorrequestedasataxcredittobecreditedasanoverpaymenttonextyear’sreturnonline99b.Ifyouarerequiredtorecaptureataxcreditthatwasallowedinapreviousreportingperiod, and the result is a negative credit amount on your credit claim form, enterthisnegativeamount,usingaminussign,intheapplicablebox.

Line 100b — Entertheamountofcreditsthatarerefund-eligible claimed on line 79 against your current year’s franchise tax. Do not include any amountofcreditsactuallyrequestedasarefundonline99aorrequestedasanoverpaymentcreditedtonextyear’staxonline99b.

RefertotheindividualcreditformsandFormCT-600-Iforrefundeligibility.

Lines 101 through 106 — Composition of prepayments on line 85 — If you need more space, write see attached in this section, and attach a separate sheet showing all relevant prepayment information. Transfer the totalshownontheattachedsheettoline85.

Line 104 — Include overpayment credited from prior years. You may also includefromlastyear’sreturnanyamountofrefundabletaxcreditsyouchosetobecreditedasanoverpayment.

Lines 108 and 109 — Interest paid to shareholders — Corporations that madeinterestpayments,deductedincomputingENI,toashareholderorshareholders owning, directly or indirectly, individually or in the aggregate, morethan50%ofitsissuedcapitalstock,mustprovidetheinformationrequestedinthissection(Article9-Asection211.2-a).Apenaltyof$500isimposedforfailingtoprovidethisinformation(section1085(n)).

Schedule A

Computation of business allocation percentage and alternative business allocation percentage for MTI base

IfyouclaimaBAPof100%,youdonotneedtocompleteScheduleA.IfyouclaimaBAPoflessthan100%,youmustcompleteScheduleAtoallocateyourbusinessincomeandcapital.

Ifyouhavebothbusinessandinvestmentincomeorcapital,youmustcompleteScheduleAandFormCT-3-ATT,ScheduleB,Parts1and2.

Aviation corporations — Taxpayers principally engaged in the conduct of aviation(except air freight forwarders acting as principal and like indirect aircarriersandqualifiedforeignaircarriers),completePart1tocomputeaBAPandanalternativeBAP.Usethispercentagetoallocatebusinessincome,whendeterminingboththeENIbaseandtheMTIbase,andtoallocatebusinesscapitalwhencomputingthecapitalbase.

Railroad and trucking corporations — Taxpayers principally engaged in theconductofarailroadortruckingbusiness,completePart2tocomputeaBAPandanalternativeBAP.UsethispercentagetoallocatebusinessincomewhendeterminingboththeENIbaseandtheMTIbase,andtoallocatebusinesscapitalwhencomputingthecapitalbase.

Air freight forwarders acting as principal and like indirect air carriers —Taxpayers principally engaged as air freight forwarders acting as principal andlikeindirectaircarriers,completePart3tocomputeaBAPandPart4tocomputeanalternativeBAP.UsetheBAPtoallocatebusinessincome

whencomputingtheENIbase,andtoallocatebusinesscapitalwhencomputingthecapitalbase.UsethealternativeBAPtodeterminetheMTIbase.

Qualified foreign air carriers — Taxpayersthatarequalifiedforeignaircarriers(seeForeign airlinesonpage6),complete Part 3 to compute a BAPandPart4tocomputeanalternativeBAP.UsetheBAPtoallocatebusinessincomewhencomputingtheENIbase,andtoallocatebusinesscapitalwhencomputingthecapitalbase.UsethealternativeBAPcomputedinPart4todeterminetheMTIbase.ForeignairlinesshouldconsultTSB-M-94(2)C,beforecompletingtheseschedules.

All Article 9-A taxpayers (except taxpayers principally engaged in the conductofarailroadortruckingbusiness,taxpayersprincipallyengagedin the conduct of aviation, air freight forwarders acting as principals or like indirectaircarriers,orqualifiedforeignaircarriers) — Complete Part 3, lines129through136,tocomputetheBAP.TheNewYorkStatereceiptsfactoronline136isyourBAP.Entertheamountfromline136online141.AlsocompletePart4,lines149through156,tocomputethealternativeBAP.TheNewYorkStatereceiptsfactoronline156isyouralternativeBAP.Entertheamountfromline156online161.UsetheBAPtoallocatebusinessincomewhencomputingtheENIbase,andtoallocatebusinesscapitalwhencomputingthecapitalbase.UsethealternativeBAPtodeterminetheMTIbase.

Schedule A, Part 1 — Computation of business allocation percentage for aviation corporations

Taxpayersprincipallyengagedintheconductofaviation(except air freight forwardersactingasprincipalorlikeindirectaircarriers,andqualifiedforeignaircarriers)computetheBAPbyaveragingaircraftarrivalsanddepartures, revenue tons handled, and operating revenue.

EntertheNewYorkStateamountsincolumnAandthetotalamountsincolumnB.

Line 112a — Enterthenumberofaircraftarrivalsanddeparturesoftheaviation corporation. Aircraft arrivals and departuresmeansthenumberof landings and takeoffs of the aircraft of an aviation corporation, plus the numberofpickupsanddeliveriesbytheaircraft.Donotincludearrivalsanddeparturesformaintenance,repair,refueling(wherenodebarkationorembarkationoftrafficoccurs),training,emergencies,andnonrevenueflights.

Line 114a — Entertheweight,intons,ofrevenuepassengers(at200poundsperpassenger)andrevenuecargofirstreceivedasoriginatingorconnecting traffic or finally discharged at an airport.

Line 116a — Enterrevenuefromthetransportationofrevenuepassengersand revenue property first received as originating or connecting traffic.

Schedule A, Part 2 — Computation of business allocation percentage for trucking and railroad corporations

Railroadandtruckingcorporationsmustallocateonamileagebasisusingthisschedule.Themileageallocationisapercentagebasedonrevenuemiles traveled within New York State, compared to total revenue miles traveledeverywhere(excludenonrevenuemiles,suchasdeadheadingmiles).

EntertheNewYorkStateamountsincolumnAandthetotalamountsincolumnB.

Schedule A, Part 3 — Computation of business allocation percentage

TheNewYorkStatereceiptsfactorcomputedonline136isyourBAP.However, air freight forwarders acting as principal or like indirect air carriers, and qualified foreign air carriers only (seeForeign airlines on page6)usea50%weightedreceiptsfactor,a25%weightedpropertyfactor,anda25%weightedpayrollfactor.

The property factor is the percentage of the average value of your real and tangiblepersonalproperty,whetherownedorrented,thatislocatedwithinNew York State. The business receipts factor is the percentage of your businessreceiptsattributabletoNewYorkState.Thepayroll factor is the percentageofyourpayrollthatisattributabletoNewYorkState.


Youmustvaluerealandtangiblepersonalpropertyownedbythecorporationattheadjustedbasisusedforfederalincometax.However,youmaymakeaone-time,revocableelectiontovaluerealandtangiblepersonal property at fair market value. You must make this election on or beforetheduedate(orextendedduedate)forfilingthefranchisetaxreturnforyourfirsttaxyearbyusingfairmarketvalueinScheduleA.

Lines 122 through 141 — EntertheNewYorkStateamountsincolumnAandthetotalamountsincolumnB.

Lines 122 through 128 — Only air freight forwarders acting as principal or likeindirectaircarriers,andqualifiedforeignaircarrierscompletelines122through128.

Line 122 — Entertheaveragevalueofrealpropertyyouowned.Donotincluderealpropertyandrelatedequipment(exceptinventoriablegoods)thatareunderconstructionandarenotoccupiedorusedduringconstruction.Includepropertyorequipmentunderconstructionthatispartiallyusedintheregularcourseofbusinessonlytotheextentused.

Line 123 — Entertheaveragevalueofrentedrealproperty.Thevalueofrentedrealpropertyisgenerallyeighttimesthegrossrentpayableduringtheyearcoveredbythisreturn.Gross rentincludesanyamountpayableasrentorinlieuofrent(suchastaxesorrepairs),andamortizationofleasehold improvements that revert to the lessor at the end of the lease.

Line 125 — Entertheaveragevalueoftangiblepersonalpropertyyouowned, such as machinery, tools, and implements. Do not include cash, sharesofstock,bonds,notes,credits,evidencesofaninterestinproperty,or evidences of credit.

Line 126 — Entertheaveragevalueoftangiblepersonalpropertyyourented.Thevalueofrentedtangiblepersonalpropertyisgenerallyeighttimesthegrossrentpayableduringtheyearcoveredbythisreturn.

Lines 129 and 130 — Enterreceiptsfromthesaleoftangiblepersonalproperty.Receiptsfromthesaleoftangiblepersonalpropertyareallocableto New York State if:

– shipmentsaremadetopointsinNewYorkState;or

– the receipts are earned within New York State.

ReceiptsfromthesaleoftangiblepersonalpropertyareallocatedtoNew York State if:

– The property is shipped via common carrier, contract carrier, or via the taxpayer’s vehicle or other means of transportation, to a point in New York State. If the property is shipped to a point in New York State, it is presumed that the destination of the property is a point in New York State, unless the taxpayer has evidence that shows the property was shipped to a point outside New York State. It does not matter who arranges for the shipment of the property.

– The possession of the property is transferred to a purchaser or purchaser’s designee at a point in New York State. If possession of the property is transferred in New York State, it is presumed that the destination of the property is a point in New York State, unless the taxpayer has evidence that shows that the destination of the property is a point outside New York State.

– The possession of the property is transferred to a purchaser or purchaser’sdesigneeatapointoutsideNewYorkState,butthedestination of the property is a point in New York State. If possession of the property is transferred outside New York State, it is presumed that the destination of the property is a point outside New York State, unless the taxpayer has evidence that shows the destination of the property is a point in New York State.

Examplesoftypesofevidencethatwillbesufficienttodemonstratethedestination of property include:

– Abillofladingorothershippingdocumentdesignatingthedestinationlocation,regardlessofthefreeonboard(FOB)point.

– A purchase invoice designating the destination location.

Receipts of art merchants

The Arts and Cultural Affairs Law provides that receipts from the sale ofworksofartbyanartmerchantarereceiptsfromthesaleoftangiblepersonalproperty(ratherthanreceiptsforservicesperformed).

The law applies to works of art that are:—createdbyanartistorcraftsman;—consignedbysuchartistorcraftsmantoanartmerchant;and—soldbytheartmerchantonorafterAugust9,1995.

Thelawdoesnotapplytoconsignedworksofartsoldatapublicauction.

Line 131 — Enterreceiptsforservicesperformed,basedonwheretheyareperformed.

Receipts from broadcasting and publishing — Corporations engaged inbroadcastingorthepublicationofnewspapersandperiodicalsmustallocate to New York State receipts from the sale of advertising, to the extentthatthebroadcastsorpublicationsaredeliveredtotheultimatepurchasers,subscribers,listeners,orviewersinNewYorkState.

Receipts for services to regulated investment companies — Receipts received from an investment company for the sale of management, administration,ordistributionservicesmustbeallocatedbasedon the domicile of the shareholders of the investment company (section210.3(a)(6)).Formoreinformation,seeTSB-M-88(9)C,Allocation of Receipts from Services Provided to a Regulated Investment Company (Mutual Fund) and Similar Investment Companies.

Receipts earned by registered securities or commodities broker or dealer — TherulesbelowapplyfordeterminingwhetherareceiptisdeemedtoarisefromservicesperformedinNewYorkStatebyaregisteredsecuritiesorcommoditiesbrokerordealer,forpurposesofcomputingthereceiptsfactoroftheBAP(section210.3(a)(9)).

A registered securities or commodities broker or dealerisabrokerordealerwhoisregisteredbytheSecuritiesandExchangeCommission(SEC)ortheCommoditiesFuturesTradingCommissionandincludesover-the-counter(OTC)derivativesdealersasdefinedunderregulationsoftheSEC(17CFR240.3b-12).Thetermssecurities and commodities have thesamemeaningsasthemeaningsinIRCsections475(c)(2)and475(e)(2).

• Brokerage commissions — Brokeragecommissionsearnedfromtheexecution of securities or commodities purchase or sales orders for the accounts of customers are deemed to arise from a service performed inNewYorkStateifthecustomerwhoisresponsibleforpayingthecommissions is located in New York State.

• Margin interest — Margininterestearnedonbrokerageaccountsisdeemed to arise from a service performed in New York State if the customerwhoisresponsibleforpayingthemargininterestislocatedinNew York State.

• Account maintenance fees — Account maintenance fees are deemed to arise from a service performed in New York State if the customer who isresponsibleforpayingtheaccountmaintenancefeesislocatedinNew York State.

• Income from principal transactions — Gross income from principal transactions(thatis,transactionsinwhichtheregisteredbrokerordealer is acting as principal for its own account, rather than as an agentforthecustomer)aredeemedtoarisefromaserviceperformedin New York State if the production credits for these transactions areawardedtoaNewYorkStatebranch,office,oremployeeofthetaxpayer.

Registeredbrokerdealersmayelecttosourcethegrossincomefromprincipaltransactionsbasedonthelocationofthecustomertothe principal transaction. If the election is made, gross income from principal transactions is deemed to arise from a service performed in New York State to the extent that the gross proceeds from the transactions are generated from sales of securities or commodities tocustomerswithinthestatebaseduponthemailingaddressesofthose customers in the records of the taxpayer. The portion of principal transactionincomeofthesebrokersordealersthatissourcedtoNewYorkisbasedonafraction,thenumeratorofwhichisthegrossproceeds from principal transactions with New York customers, and the denominator of which is the gross proceeds from all principal transactions. Gross proceeds are determined without deduction foranycostincurredbythetaxpayertoacquirethesecuritiesorcommodities. For purposes of this calculation, the taxpayer must separatelycalculategrossincomefromprincipaltransactionsbytypeofsecurityorcommodity.Foradditionalinformation,seeTSB-M-02(5)C,Summary of Corporation Tax Legislative Changes Enacted in 2002 and TSB-M-00(5)C,Summary of Corporation Tax Legislative Changes Taking Effect in 2001 and After.

• Fees from advisory services for the underwriting of securities — Fees earned from advisory services for a customer in connection withtheunderwritingofsecurities(wherethecustomeristheentitycontemplatingtheissuanceofthesecuritiesorisissuingsecurities)orfor the management of an underwriting of securities are deemed to arise fromaserviceperformedinNewYorkStateifthecustomerresponsiblefor paying the fee is located in New York State.

• Receipts from the primary spread for the underwriting of securities — Receipts from the primary spread or selling concession from underwritten securities are deemed to arise from a service


performed in New York State if production credits are awarded to a branch,office,oremployeeofthetaxpayerinNewYorkStateasaresultof the sale of underwritten securities.

• Interest earned on loans to affiliates — Interest earned on loans and advancesmadebyataxpayertoanaffiliatewithwhomtheyarenotrequiredorpermittedtofileacombinedreturnaredeemedtoarisefromaserviceperformedinNewYorkStateiftheprincipalplaceofbusinessoftheaffiliatewhoisresponsibleforthepaymentofinterestislocatedin New York State.

• Fees for management or advisory services — Fees earned from management or advisory services, including fees from advisory services foractivitiesrelatingtomergersoracquisitionactivities,aredeemedto arise from a service performed in New York State if the customer responsibleforpayingthesefeesislocatedinNewYorkState.

A customer is located in New York State if the mailing address of the customer,asitappearsinthebroker’sordealer’srecords,isinNewYorkState.Formoreinformation,seeTSB-M-00(5)C pages6through8.

Air freight forwarders

Receiptsforservicesperformedbyairfreightforwardersactingasprincipaland like indirect air carriers are allocated to New York State as follows:

Receipts from: Allocate receipts

PickupanddeliverybothmadeinNewYorkState ............... 100%toNYS

Pickup only made in New York State .................................... 50%toNYS

Delivery only made in New York State .................................. 50%toNYS

Transporting or transmitting gas through pipes

Allocate receipts from the service of transporting or transmitting gas through pipes to New York State using the following formula:

Milesoftransportation Receiptsfromthe Receiptsfromtheunits within New York State x serviceoftransporting = serviceoftransportingMilesoftransportationunits ortransmittinggas ortransmittinggaswithin and outside through pipes through pipes New York State allocated to New York State

A transportation unitisthetransportationofonecubicfootofgasoveradistance of one mile.

Line 132 – Enterreceiptsfromallpropertythatwasrentedtoothers.ReceiptsfromrentalsofrealandtangiblepersonalpropertysituatedinNew York State are allocated to New York State. Rental receipts include all amounts received for the use of or occupation of property, whether ornotsuchpropertyisownedbythetaxpayer.Grossreceiptsfromrealandtangiblepersonalpropertythatissubleasedmustbeincludedinthereceipts factor.

Line 133 — Enterreceiptsofroyalties.Receiptsofroyaltiesfromtheusein New York State of patents and copyrights are allocated to New York State.Royaltiesincludeallamountsreceivedbythetaxpayerfortheuseof patents or copyrights, whether or not such patents or copyrights were issuedtoorareownedbythetaxpayer.Apatentorcopyrightisusedin New York State to the extent that the activities thereunder occur in New York State.

Line 134 — Enterallotherbusinessreceipts,allocatedwhereearned.

Line 136 — If you are not an air freight forwarder acting as principal or like indirectaircarrier,oraqualifiedforeignaircarrier,theresultonline136isyourBAPandmustbeenteredonline141.Donotcompletelines137through140.


Line 137 — Air freight forwarders acting as principal or like indirect air carriers, and qualified foreign air carriers only(seeForeign airlines on page6)includeanadditionalreceiptsfactorinthecomputationoftheBAP.EntertheNewYorkStatereceiptsfactorcomputedonline136.

Line 138 — Enterthetotalamountofallwagesandcompensationofemployees other than general executive officers.

General executive officers include the chairman, president, vice-president, secretary, assistant secretary, treasurer, assistant treasurer, comptroller, and any other officer charged with the general executive affairs of the corporation. An executive officer whose duties are restricted to territory either in or outside New York State is not a general executive officer. EmployeeswithinNewYorkStateincludeallemployeesregularly

connectedwithorworkingoutofanofficeorotherplaceofbusinessyoumaintained within New York State, no matter where the services of the employees were performed.

Line 141 — If you are not an air freight forwarder acting as principal or likeindirectaircarrier,oraqualifiedforeignaircarrier,entertheNewYorkStatereceiptsfactorascomputedonline136.TheNewYorkStatereceiptsfactorisyourBAP.

Air freight forwarders acting as principal or like indirect air carriers, and qualified foreign air carriers only(seeForeign airlinesonpage6)divideline140byfour.Iftheproperty,receipts,orpayrollfactorismissing,addtheremainingfactorsanddividebythetotalnumberoffactorspresent.Ifallfactorsbutonearemissing,theremainingfactoristheallocationpercentage.

Afactorisnotmissingmerelybecauseitsnumeratoriszero,butafactorismissingifboththenumerator(columnA)andthedenominator(columnB)arezero.

Schedule A, Part 4 — Computation of alternative business allocation percentage for MTI base

TheNewYorkStatereceiptsfactorcomputedonline156isyouralternativeBAP.However,air freight forwarders acting as principal or like indirect air carriers, and qualified foreign air carriers only (seeForeign airlines onpage6),usea50%weightedreceiptsfactor,a25%weightedpropertyfactor,anda25%weightedpayrollfactor.

Determine the factors using the same rules that apply to Part 3, except thatanyfactorusedtodeterminethealternativeBAPmustbeadjustedtoreflectmodificationsmadeinthecomputationofMTI(lines42through59),which may change an amount used in a particular factor. For example, a depreciation modification on line 43 would change the amounts used in computingthepropertyfactor.UsethealternativeBAPtodeterminetheMTIbase.

Ifyouenteredzerosonlines43through50and52through54,youmayusethe same percentages determined in Schedule A, Part 3.

If you made entries on lines 43 through 54 that altered an item used to compute the property or receipts factors in Schedule A, Part 3, you must makeappropriatechangeswhendeterminingthealternativeBAPforallocatingthealternativebusinessincomeonline66andFormCT-38,line6.


Lines 149 and 151 — For more information on allocation of receipts and services, see the instructions for lines 129 through 131 on page 19 and section4-4.2oftheBusinessCorporationFranchiseTaxRegulations.

Line 156 — If you are not an air freight forwarder acting as principal or like indirectaircarrier,oraqualifiedforeignaircarrier,theresultonline156isyouralternativeBAPandmustbeenteredonline161.Donotcompletelines157through160.


Line 157 — Air freight forwarders acting as principal or like indirect air carriers, and qualified foreign air carriers only(seeForeign airlines onpage6)includeanadditionalreceiptsfactorinthecomputationofthealternativeBAP.EntertheNewYorkStatereceiptsfactorcomputedonline156.

Line 161 — If you are not an air freight forwarder acting as principal or likeindirectaircarrier,oraqualifiedforeignaircarrier,entertheNewYorkStatereceiptsfactorascomputedonline156.TheNewYorkStatereceiptsfactorisyouralternativeBAP.

Air freight forwarders acting as principal or like indirect air carriers, and qualified foreign air carriers only(seeForeign airlinesonpage6)divideline160byfour.Iftheproperty,receipts,orpayrollfactorismissing,addtheremainingfactorsanddividebythetotalnumberoffactorspresent.Ifallfactorsbutonearemissing,theremainingfactoristheallocationpercentage.

Afactorisnotmissingmerelybecauseitsnumeratoriszero,butafactorismissingifboththenumerator(columnA)andthedenominator(columnB)arezero.

No. of shares Amount

Par value stock .....................................

No-par value stock ................................

Contributionstocapitalandpaid-insurplus ......................

Totalcapitalcontributions;enteronline163 .....................

Line instructions for Form CT-3 and Line instructions for Form CT-3-ATT CT-3/4-I(2011) of28

Lines 162 and 163 — Small business taxpayer — If you used the small businesstaxrateonline25,youmustmarkanX in the Yes boxonline162andcompleteline163toshowthatyourcorporationqualifiesforthelowertaxrate(seeinstructionsforline25).Ifyouqualify,providetheinformationrequestedinthissection.Useyourfederalbalancesheetamountsforstockandotherpaid-incapital.Usetheworksheetbelowtodeterminetheamounttoenteronline163.

Line 164 — IfyouareclaimingqualifiedNewYorkmanufacturerstatus(seebelow)forpurposesofalowercapitalbaselimitation,youmustmarkanX in the Yesbox.

Qualified New York manufacturerisamanufacturer(asdescribedbelow)thathaspropertyinNewYorkStatethatisprincipallyusedbythetaxpayerintheproductionofgoodsbymanufacturing,processing,assembling,refining, mining, extracting, farming, agriculture, horticulture, floriculture, viticulture, or commercial fishing, and either:

• theadjustedbasisofthepropertyforfederalincometaxpurposesisatleast$1millionatthecloseofthetaxyear;or

• allofitsrealandpersonalpropertyislocatedinNewYorkState.

Acorporationqualifiesasamanufacturerifduringthetaxyearthetaxpayeris principally engagedintheproductionofgoodsbymanufacturing,processing,assembling,refining,mining,extracting,farming,agriculture,horticulture, floriculture, viticulture, or commercial fishing. A taxpayer is principally engaged in manufacturing activities if during the tax year more than50%ofitsgrossreceiptsarederivedfromreceiptsforthesaleofgoodsproducedbytheseactivities.

AqualifiedNewYorkmanufactureralsoincludesataxpayerthatisaQETCasdefinedunderPublicAuthoritiesLawsection3102-e(1)(c),exceptthatthe$10millionlimitationundersection3102-e(1)(c)(1)doesnotapply.

Line 165 — IfyouareclaimingqualifiedNewYorkmanufacturerstatus(seeabove)forpurposesofalowerENItaxrate,youmustmarkanX in the Yes box.

ForpurposesofthelowerENIrate,thegenerationanddistributionofelectricity,thedistributionofnaturalgas,andtheproductionofsteam associated with the generation of electricity are not considered manufacturing activities for purposes of the principally engaged test.

Line instructions for Form CT-3-ATT Schedules B, C, and D

Schedule B, Part 1 — Computation of investment capital and investment allocation percentage

The term investment capital means the value of the taxpayer’s investments instocks,bonds,andothercorporateorgovernmentalsecurities,reducedbydirectlyandindirectlyattributableliabilities.Includeininvestmentcapitalonlythosestocks,bonds,orothersecuritiesthatare:

1. Stocksandsimilarcorporateequityinstruments,suchasbusinesstrustcertificates,andunitsinapubliclytradedpartnershiptaxableasacorporationpursuanttoTaxLawsection208.1.

2. Debtinstruments(suchasbonds)issuedbytheUnitedStates,theDistrictofColumbia,andanystate,territory,orpossessionoftheUnitedStates,anyforeigncountry,oranypoliticalsubdivisionorgovernmental instrumentality of the foregoing.

3. Qualifyingcorporatedebtinstruments(seeSection1below).

4. Optionsonanyitemdescribedin1,2,or3aboveandnotexcludedfrominvestmentcapitalnordeemedtobecash(seeInstruments deemed cashonpage22),oronastockorbondindexoronafuturescontract on such an index, unless the options are purchased primarily to diminish the taxpayer’s risk of loss from holding one or more positions inassetsthatconstitutebusinessorsubsidiarycapital.

5. Stock rights and stock warrants not in the possession of the issuer.

6. Investmentsinstocks,bonds,andothersecuritiesofaLLCthatisnotmorethan50%ownedbythetaxpayerandhaselectedtobetreatedasa corporation for federal tax purposes.

The term instrumentincludesstockanddebtthatisheldinbookentryform.

Investment capital does not include:

• Stockissuedbythetaxpayer.

• Stocks,bonds,orothersecuritiesconstitutingsubsidiarycapital.Debtinstrumentsissuedbyasubsidiaryarealsonotsubsidiarycapital(andarenotinvestmentcapital)ifthesubsidiaryclaimedanddeductedinterest on the instruments for purposes of Tax Law Article 9-A, 32, or 33.

• Securities of an individual, partnership, trust, or other nongovernmental entitythatisnotacorporationpursuanttoTaxLawsection208.1(suchasFederalNationalMortgageAssociation(FNMA)andGovernmentNationalMortgageAssociation(GNMA)pass-throughcertificates).

• Stocks,bonds,andothersecuritiesofaDISC,oranyindebtednessfrom a DISC.

• Regular and residual interests in a real estate mortgage investment conduit(REMIC)asdefinedinIRCsection860D.

• Futures and forward contracts.

• Stocks,bonds,andothersecuritiesheldbythetaxpayerforsaletocustomersintheregularcourseofbusiness.

Donotincludestocks,bonds,andothersecuritiesissuedby,andanyindebtednessfrom,aQSSSinthecomputationofinvestmentcapital,iftheQSSS is included in the parent’s return.

ScheduleB,Part1categorizesinvestmentcapitalintotwosections:

• Section1:Corporateandgovernmentaldebtinstruments

• Section2:Corporatestock,stockrights,stockwarrants,andstockoptions

Schedule B, Part 1, Section 1 — Corporate and governmental debt instruments

Column A — Listinvestmentsingovernmentalandqualifyingcorporatedebtinstruments(includingcertificatesofdeposit),anddebtinstrumentsissuedbytheU.S.,anystate,territory,orpossessionoftheU.S.,theDistrictofColumbia,oranyforeigncountryoranypoliticalsubdivisionor government instrumentality of any of the foregoing. Do not include instrumentsdeemedtobecash.SeeInstruments deemed cash on page 22.

The term qualifying corporate debt instrumentmeansalldebtinstrumentsissuedbyacorporationother than the following:

— InstrumentsissuedbythetaxpayeroraDISC.

— Instrumentsthatconstitutesubsidiarycapitalinthehandsofthetaxpayer.

— Instrumentsacquiredbythetaxpayerforservicesrenderedorforthesale,rental,orothertransferofpropertyiftheobligoristherecipientof the services or property. However, if a taxpayer sells or otherwise transfers property that is investment capital in the hands of the taxpayer,andreceivesinreturnacorporateobligationissuedbytherecipientoftheproperty,thecorporateobligation,ifitisnototherwiseexcluded from investment capital, would constitute investment capital in the hands of the taxpayer.

— Instrumentsacquiredforfundsif(1)theobligoristherecipientofthefunds,(2)thetaxpayerisprincipallyengagedinthebusinessoflendingfunds,and(3)theobligationisacquiredintheregularcourseofthetaxpayer’sbusinessoflendingfunds.Ataxpayerisprincipallyengagedinthebusinessoflendingfundsifduringthetaxyearmorethan50%ofits gross receipts consist of interest income from loans, or net gain from thesaleorredemptionofnotes,orotherevidencesofindebtednessarisingfromloansmadebythetaxpayer.Receiptsmaynotincludereturn of principal or nonrecurring, extraordinary items.

— Accepteddrafts(suchasbanker’sacceptancesandtradeacceptances)if the taxpayer is the drawer of the draft.

— Instrumentsissuedbyacorporationthatisamemberofanaffiliatedgroup that includes the taxpayer. The term affiliated group means a corporation or corporations and the common parent thereof. The term common parent means an individual, corporation, partnership, trust, or estatethatownsorcontrols,eitherdirectlyorindirectly,atleast80%of

Liabilities indirectly attributable to a particular asset A. Totalliabilities(enter amount from Form CT-3, line 31, column C) .................................................. A. Liabilitiesdirectlyattributableto: B.Subsidiarycapital ................................................. B. C. Investment capital................................................. C. D.Businesscapital .................................................... D. E. Totalliabilitiesdirectlyattributable(add lines B, C, and D) ................................................... E. F. Totalliabilitiesindirectlyattributable(subtract line E from line A) ................................................... F. G. Average value of investment capital (enter amount from Form CT-3-ATT, line 7, column C) ................. G. H.Averagevalueofadjustedtotalassets(enter amount from Form CT-3, line 30, column C) ............... H. I. DividelineGbylineH ........................................... I. J. MultiplylineFbylineI .......................................... J. K.Valueoftheparticularasset ................................. K. L. EnteramountfromlineG ...................................... L. M.DividelineKbylineL............................................ M. N.EnteramountfromlineJ....................................... N. O. Liabilitiesindirectlyattributabletoaparticular asset (multiply line M by line N) ............................. O.

%

%

Worksheet

of28 CT-3/4-I(2011) Line instructions for Form CT-3-ATT

the voting stock of the corporation or corporations. An affiliated group alsoincludesallothercorporationsatleast80%ofthevotingstockofwhichisownedorcontrolled,eitherdirectlyorindirectly,byoneormoreofthecorporationsincludedintheaffiliatedgroup,orbythecommonparent and one or more of the corporations included in the affiliated group.

— Accountsreceivable,includingthoseheldbyafactor.

Instruments deemed cash

Adebtinstrumentdescribedonpage21orincludedininvestmentcapitalmustbetreatedascashifpayable:

• ondemand;

• byitstermswithinsixmonthsandonedayfromthedatethedebtwasincurred;or

• byitstermsmorethansixmonthsandonedayfromthedatethedebtwas incurred, on each day in the tax year on and after the first day in the tax year that is not more than six months and one day prior to the maturitydate(seeExamplesbelow).

Cash,undercertaincircumstances,maybetreatedasinvestmentcapital;seetheinstructionsforline6onpage23.

Examples

1. A calendar-year taxpayer owns a municipal bond with a maturity date of January 31, 2011. As of July 30, 2010, the first day not more than six months and one day before the maturity date, and on each day thereafter, the bond is deemed to be cash. Include the bond in Part 1, but in computing the average value of the bond and attributable liabilities, treat the taxpayer as no longer owning the bond on any date on or after July 30, 2010. The value of the bond should then be treated as cash for each day the taxpayer continues to own the bond after July 29, 2010.

2. A taxpayer purchased a four-month qualifying corporate debt instrument on the day it was issued, and on the maturity date renewed it for an additional four-month term. The two four-month debt instruments are deemed to be cash. Treat the renewal of the first four-month debt instrument as the creation of a second, separate debt instrument, each of the two instruments being due within six months and one day of the date on which the debt was incurred.

3. A calendar-year taxpayer at all times during the tax year owns a five-year qualifying, marketable corporate bond with a maturity date of January 2, 2011. The taxpayer also owns corporate stock, but has no cash at any point during the 2010 tax year. The bond is deemed to be cash as of July 1, 2010, the date six months and one day prior to maturity. The fair market value of the bond is $95,000 on March 31, 2010, $90,000 on June 30, 2010, $98,000 on September 30, 2010, and $100,000 on December 31, 2010. List the bond in Section 1, column A, because it qualifies as investment capital. Compute its average value, stated in column C of Section 1, as ($95,000 + $90,000 + 0 + 0) ÷ 4 = $46,250. The use of the zeros represents the fact that the taxpayer is deemed to own cash, and not a bond, on September 30 and December 31. Compute the average value of the bond insofar as it is deemed to be cash as (0 + 0 + $98,000 + $100,000) ÷ 4 = $49,500. The use of the zeros represents the fact that the taxpayer owned no cash on March 31 or June 30. The figures $98,000 and $100,000 represent the fact that the taxpayer is deemed to own cash in those amounts on September 30 and December 31, respectively. The taxpayer had liabilities attributable to the bond. Treat the amount of the liabilities in conformity with the above treatment of the value of the bond itself. Thus, the liabilities, which were $10,000, $12,000, $8,000, and $6,000 on the four test dates, yield an average liability of $5,500 attributable to the listed bond ($10,000 + $12,000 + 0 + 0) ÷ 4 = $5,500, to be entered in column D of Section 1, and an average liability of $3,500 (0 + 0 + $8,000 + $6,000) ÷ 4 = $3,500 to be applied to determine the net average value of the taxpayer’s cash. If the taxpayer elects to treat the deemed cash as investment capital, it would include $49,500 on line 6, column C and $3,500 on line 6, column D. If the election to treat the deemed cash as investment capital is not made, the $49,500, reduced by $3,500, would constitute business capital.

4. A taxpayer purchased a debt instrument, includable in Section 1, with a maturity date of December 15, 2010. Any such investment is deemed cash on the same numerical date as the maturity date, less one day, six months prior. Thus the date on which this debt instrument becomes cash is June 14, 2010.

Column C — EnterthetotalaveragefairmarketvalueofeachitemlistedincolumnA.Onanydate,thefairmarketvalueofstocks,bonds,andotherregularlytradedsecuritiesisthemeanbetweenthehighestandlowestselling prices.

Theaveragevalueisgenerallycomputedquarterlyifyourusualaccountingpracticepermitsit,butyoumayuseamonthly,weekly,ordailyaverage.Ifyourusualaccountingpracticedoesnotpermitaquarterlyormorefrequentcomputation of average fair market value, you may use a semiannual or annual computation if no distortion of average fair market value results. If the securityisnotmarketable,valueitusingGAAP.(See example 3 above.)

Column D — Deductallliabilities,bothlong-termandshort-term,directlyorindirectlyattributabletoinvestmentcapital.Usethesamemethodofaveraging used to determine the average value of assets in column C. EnterforeachitemofinvestmentcapitallistedincolumnAthesumoftheliabilitiesdirectlyorindirectlyattributabletoit.Liabilitiesdirectlyattributabletoanassetarethosethatwereincurredtoacquirethatasset.(Seeexample3above.)

Usetheworksheetbelowtodeterminetheamountofliabilitiesindirectlyattributabletoaparticularasset.

IncolumnD,onthelinefortheassetinquestion,includethesumoftheamountfromlineOofthisworksheetandtheamountofliabilitiesdirectlyattributabletothatasset.

Column E — Determine the net average value of each item listed in columnAbysubtractingcolumnDfromcolumnC.Thenetaveragevalueofanyitemcannotbelessthanzero.

Column F — Entertheissuer’sallocationpercentageforeachinvestmentlisted in column A. The issuer’s allocation percentage used to compute investment capital allocated to New York State is the percentage determinedontheNewYorkStatetaxreturnfiledbytheissuingcorporation for the preceding year. The issuer’s allocation percentage on governmentbondslistedinPart1is0%.

Issuer’sallocationpercentagesareavailableontheTaxDepartment’sWebsiteandfrommanyonlineandprintedtaxservices.Youmayalsoobtainuptothreeissuer’sallocationpercentagesbycalling(seeNeed help?).

Column G —DeterminethevalueofeachinvestmentincolumnAbymultiplyingeachitemincolumnEbytheissuer’sallocationpercentagelisted in column F.

Schedule B, Part 1, Section 2 – Corporate stock, stock rights, stock warrants, and stock optionsColumn A — List investments in the following:

— stockissuedbyacorporation;

— optionsasdescribedinitem4ofthedefinitionofinvestmentcapitallistedonpage21;

— unitsinapubliclytradedpartnershiptreatedasacorporationforpurposesofTaxLawArticle9-A;

— businesstrustcertificates;

— stockrightsandstockwarrantsnotinthepossessionoftheissuer;and

— othercorporateequityinstrumentssimilartostock.

Line instructions for Form CT-3-ATT CT-3/4-I(2011) of28

Columns C through G — SeeinstructionsforScheduleB,Part1,Section 1, columns C through G on page 22.

Line 6 — Cash election — At the election of the taxpayer, cash on handandcashondepositmaybetreatedaseitherinvestmentcapitalorbusinesscapital.However,noelectiontotreatcashasinvestmentcapitalmaybemadewhenthetaxpayerhasnootherinvestmentcapital.

Cash includes shares in a money market mutual fund. A money market mutual fund is a no-load, open-end investment company registered under theFederalInvestmentCompanyActof1940thatattemptstomaintainaconstantnetassetvaluepershare(thatis,amoney marketfund).Cash also includesdebtinstrumentsdeemedcash;seeInstruments deemed cash on page 22.

Cashcannotbesplitbetweenbusinesscapitalandinvestmentcapital.Youmusttreatcashasallbusinesscapitalorallinvestmentcapital.

Schedule B, Part 2 — Computation of investment income before allocation

CompletethisscheduleifyouareallocatingpartofyourENIbyusinganinvestmentallocationpercentagefromScheduleB,Part1.Investment income is income from investment capital to the extent it is included in ENI,minusanydeductionsallowableincomputingENIthatareattributableto investment capital or investment income, and minus a portion of any NOLDallowableincomputingENI(seeBusinessCorporationFranchiseTaxRegulationssection4-8.3).

Incomefrominvestmentcapitalincludesdividends(otherthanfromasubsidiaryoraDISC),interest,andcapitalgainsandlossesfromsalesor exchanges of investment capital that are included in the computation ofENI.Professionalservicescorporations(Article15or15-ABusinessCorporationLaw(BCL)mustuseaninvestmentallocationpercentageof100%(section210.3(b)(3)).

Donotincludestocks,bonds,andothersecuritiesissuedby,andanyindebtednessfrom,aQSSSinthecomputationofinvestmentcapital,iftheQSSS is included in the parent’s return.

Line 8 — EnterinterestincomereceivedfrominvestmentcapitallistedinScheduleB,Part1,Section1,columnA,totheextentincludedinENI.

Line 9 — Enterinterestincomereceivedfrombankaccounts(cash)ifincludedonline6.Includeinterestincomereceivedfromasavingsaccount,checkingaccount,timedepositaccount(otherthancertificateofdeposit),orsimilaraccounts,whichareusuallyevidencedbyapassbook.Enter0 on this line if the investment allocation percentage on line 5 is zero.Inthatcase,allocatethisinterestbytheBAPandincludeaspartofbusinessincome.

Line 10 — Enterinterestincomefromdebtinstrumentsdeemedcash,includingcertificatesofdeposit,ifincludedonline6.

Line 11 — EnterdividendincomereceivedfrominvestmentcapitallistedinScheduleB,Part1,Section2,columnA,ordividendincomereceivedfrommoneymarketmutualfundsincludedascashonline6,totheextentincludedinENI.Includethefollowing:

— 50%ofdividendsreceivedfrommoneymarketmutualfundsincludedascashonline6.(FiftypercentofthesedividendsweredeductedonFormCT-3,line11).

— 50%ofdividendsreceivedfromnonsubsidiarystockwhichmeetstheholdingrequirementsofIRCsection246(c).(FiftypercentofthesedividendsweredeductedonFormCT-3,line11).

— 50%ofsubpartFincomeconstitutingdividendsreceivedfromacontrolledforeigncorporationinwhichyouown50%orlessofthevotingstock(seefederalForm1120,ScheduleC).Formoreinformation,seeTSB-A-87(23.1)C,American International Group, Inc.

— 100%ofdividendsreceivedfromnonsubsidiarystockthatdidnotmeettheholdingrequirementsofIRCsection246(c).

Line 12 — Enteranynetcapitalgainsorlossesfromthesaleandexchangeof securities constituting investment capital that were used in computing FTI.

Line 13 — Otheritemsofinvestmentincomeincludebutarenotlimitedto,premium income from an unexercised covered call option, if the item that covers the call is an asset constituting investment capital.

Lines 15 through 18RefertoTSB-M-95(2)C,Attribution of Noninterest Deductions, for informationaboutlines15through18.

Completelines15and16ifyouhaveinvestmentcapitalincludableonFormCT-3-ATT,line7,columnC(otherwise,enter0onlines15and16).

Line 15 — EntertheamountofinterestdeductionsallowableinthecomputationofENI(thatis,includableintheamountonLine 17 worksheet, lineE,onpage24)thataredirectlyattributabletoinvestmentcapital(ortoincome,losses,orgainsfrominvestmentcapital).

Line 16 — Entertheamountofnoninterest deductions allowed in the computationofENI(thatis,includableintheamounton Line 18 worksheet, lineE,onpage28)thataredirectlyattributabletoinvestmentcapital(ortoincome,losses,orgainsfrominvestmentcapital).

Thedirectattributionofdeductionsisbasedonananalysisofthefactsandcircumstances.Deductionsdirectlyattributabletoinvestmentcapitalorincomeincludebutarenotlimitedtothefollowing:

— interestondebtincurredtobuyinvestmentcapital— safedepositboxrentals— financialnewssubscriptions— salaries of employees engaged in the management and conservation of

stocks,bonds,andothersecuritiesincludedininvestmentcapital— investment counsel fees— custodian fees— thecostofinsuranceandfidelitybondscoveringinvestmentcapital— expensesforlegaladvicerelatingtotheacquisitionofinvestment

capital

Donotincludeonlines15or16interestdeductionsornoninterestdeductions that are directlyattributableto:

— Subsidiarycapital(orincome,losses,orgainsfromsubsidiarycapital);seeFormCT-3,lines4aand4b.

— Businesscapital(orincome,losses,orgainsfrombusinesscapital).Note:Fortaxyearsbeginningin1995orafter,certainexpensesmay,atthetaxpayer’selection,bedeemedtobedirectlyattributabletobusinesscapital(orincome,losses,orgainsfrombusinesscapital).Theseexpensesinclude,amongothers:depletion;advertising;researchanddevelopmentexpenses;compensationpackagesofchiefexecutiveofficer,chieffinancialofficer,andchiefoperatingofficer;charitablecontributions;andinternalauditingexpenses.Foracompletelistingofdeductionssodeemedattributabletobusinesscapital,seesectionIIIofTSB-M-95(2)C.

Ifatleast95%ofthenoninterestdeductionsofanoperatingdivisionorcorporationaredirectlyattributabletoaparticularclassofcapitalorincome,100%ofthenoninterestdeductionsofthatdivisionorcorporationmaybedirectlyattributedtothatclassofcapitalorincome.Fordetails,seeTSB-M-95(2)C,sectionIV.

Lines 17 and 18Completelines17and18ifyouhaveinvestmentcapitalincludableon line 7, column C. Otherwise, enter 0onlines17and18.Usetheworksheetsonpage24andonpage28beforecompletingtheselines.

Line 17 — Entertheamountof interest deductions that are indirectly attributabletoinvestmentcapital,ortoincome,gains,orlossesfrominvestment capital, from Line 17 worksheet, line N, on page 24.

If you completed the Line 5a worksheet on page 12, skip lines A through I on the Line 17 worksheet,andenteronlineJtheamountfromtheLine 5a worksheet,lineJ.

of28 CT-3/4-I(2011) Line instructions for Form CT-3-ATT

Line 18 — Entertheamountofnoninterest deductions that are indirectly attributabletoinvestmentcapital,ortoincome,gains,orlossesfrominvestment capital, from Line 18 worksheet,lineR,onpage28.

If you completed the Line 5b worksheet on page 27, skip lines A through I on the Line 18 worksheet,andenteronlineJtheamountfromtheLine 5b worksheet,lineJ.

Line 21 — ApportionanyNOLDclaimedonFormCT-3,line13,betweenbusinessincomeandinvestmentincome.DivideinvestmentincomebeforedeductionofanyNOLbyENIbeforedeductionofanyNOL.MultiplytheresultbytheNOLDandenterthisamount.

Line 17 worksheet

Interest deductions indirectly attributableto investment capital

A. Enterfederalinterestdeductionshownon federalForm1120 ................................................... A.

B. Enteramountsofinterestdeductionsincludedon lineAthatmustbeaddedbacktoFTIin computingENI(otherthantheamountson FormCT-3,lines4aand5a);forexample, interest deductions taken in computing an amount included on Form CT-3, line 15.

EntertheFormCT-3linenumbersandamounts below:

Line # Amount

Line # Amount

Line# Amount TotalB.

C. Balance (subtract line B from line A) ............................ C.

D. Enteramountsofinterestdeductionsthatmust besubtractedfromFTIincomputingENI:for example, the interest deductions taken in computing the amount on Form CT-3, line 2, or amounts related to foreign source income not shownonfederalForm1120.

EntertheFormCT-3linenumberandamounts below:

Line # Amount

Line # Amount

Line # Amount Total D.

E. TotalNewYorkStateinterestdeductionsincluded inENI(add lines C and D) .......................................... E.

F. Enteranyinterestdeductionsdirectlyattributable tosubsidiarycapitalincludedonFormCT-3, line 4a ...................................................................... F.

G. Enteranyinterestdeductionsdirectlyattributable to investment capital included on Form CT-3-ATT, line 15 ..................................................................... G.

H. Enteranyinterestdeductionsdirectlyattributable tobusinesscapital .................................................. H.

I. Subtotal(add lines F, G, and H) .................................. I.

J. Interestdeductionssubjecttoindirectattribution (subtract line I from line E) ........................................... J.

K. EntertheamountfromFormCT-3-ATT,line7, column C ................................................................ K.

L. EntertheamountfromFormCT-3,line30, column C ................................................................ L.

M.Percentage(divide line K by line L) ............................. M.

N. Amount of interest deductions indirectly attributabletoinvestmentcapital(multiply line J by line M; enter this amount on Form CT-3-ATT, line 17) ....... N.

%

Schedule C

Completethisscheduleifyouhaveanysubsidiaries.Asubsidiary is a corporation(exceptaDISC)ofwhichthetaxpayerownsmorethan50%ofthetotalnumberofsharesofthecorporation’svotingstock,issuedandoutstanding.Thetestofownershipisactualbeneficialownership,ratherthanmererecordtitleasshownbythestockbooksoftheissuingcorporation. Actual beneficial ownership of stock does not mean indirect ownership or control of a corporation through a structure consisting of severaltiersand/orchainsofcorporationsand/orpartnerships.

Donotincludestocks,bonds,andothersecuritiesissuedby,andanyindebtednessfrom,aQSSSinthecomputationofsubsidiarycapital,iftheQSSS is included in the parent’s return.

Schedule C, Part 1 — Income from subsidiary capital

Lines 23 through 25 — Enterinterest,dividends,andcapitalgainsfromsubsidiarycapital.Inaddition,includeonline25itemssuchascollapsiblecorporationgainandsaleofsubsidiarycapitalthatisnotacapitalassetforfederal tax.

Schedule C, Part 2 — Computation and allocation of subsidiary capital base and tax

Subsidiary capital is the taxpayer’s total investment in shares of capital stockofitssubsidiaries,andtheamountofindebtednessowedtothetaxpayerbyitssubsidiaries(whetherornotevidencedbywritteninstruments)onwhichinterestisnotclaimedanddeductedbythesubsidiaryagainstanytaximposedbyArticle9-A,32or33,minusliabilitiesdirectlyorindirectlyattributabletosubsidiarycapital.

Whencomputingtheamountofindebtednessowedtothetaxpayerbyitssubsidiaries,considereachsubsidiaryseparately.Youmayoffsetloansandadvancesfromtheparenttothesubsidiarybyloansandadvancesfromthesamesubsidiarytotheparent,buttheymaynotbereducedtolessthanzero.Loansandadvancesfromasubsidiarytotheparentmaynotoffsettheparent’sinvestmentinthestockofthesubsidiaryoroffsetloansandadvancesfromtheparenttoanyothersubsidiary.

Subsidiary capitaldoesnotincludeaccountsreceivableacquiredintheordinarycourseoftradeorbusinesseitherforservicesrenderedorforthesale of property primarily held for sales to customers. You must reduce eachitemofsubsidiarycapitalbyanyoftheparent’sliabilitiesthataredirectlyorindirectlyattributabletothatitemofsubsidiarycapital.

Donotincludestocks,bonds,andothersecuritiesissuedby,andanyindebtednessfrom,aQSSSinthecomputationofsubsidiarycapitaliftheQSSS is included in the parent’s return.

Column C — Entertheaveragevalueofeachitemofsubsidiarycapital.Averagevalueisgenerallycomputedquarterlyifyourusualaccountingpracticepermitsit.However,youmayuseamorefrequentbasissuchasa monthly, weekly, or daily average. If your usual accounting practice does notpermitaquarterlyormorefrequentcomputationofaveragevalue,youmay use a semiannual or annual computation if no distortion of average valueresults.Valuemarketablesecuritiesatfairmarketvalue,andvalueotheritemsofsubsidiarycapitalusingGAAP.

Column D — Deductallliabilities,bothlong-termandshort-term,directlyorindirectlyattributabletosubsidiarycapital.UsethesamemethodofaveragingusedtodeterminetheaveragevalueofassetsincolumnC.EnterforeachitemofsubsidiarycapitallistedincolumnAtheliabilitiesdirectlyorindirectlyattributabletoit.Liabilitiesdirectlyattributabletoanasset(stockordebt)arethosethatwereincurredtoacquirethatasset.

UsetheSchedule C worksheet on page 25 to determine the amount of liabilitiesindirectlyattributabletoaparticularasset.

IncolumnD,onthelinefortheassetinquestion,includethesumofthe amount from line O of the Schedule C worksheet and the amount of liabilitiesdirectlyattributabletothatasset.

Line instructions for Form CT-3-ATT CT-3/4-I(2011) of28

Column E — Determine the net average value of each item listed in columnAbysubtractingcolumnDfromcolumnC.Thenetaveragevalueofanyitemcannotbelessthanzero.

Column F — Entertheissuer’sallocationpercentageforeachitemlistedincolumnA.SeetheinstructionsforFormCT-3-ATT,ScheduleB,Part1,Section 1, column F, on page 22.

Column G — Multiplynetaveragevalue,columnE,ofeachitemlistedincolumnAbyitsissuer’sallocationpercentageincolumnF.ThisisthevalueofsubsidiarycapitalallocatedtoNewYorkState.

Line 30 — Deduct100%ofthevalueofsubsidiarycapitalforsubsidiariessubjecttotaxunderTaxLawArticle32(bankingcorporations),Article33(insurancecorporations),andArticle9section186.Attachabreakdownofsubsidiarieseligibleforthisdeduction.

Line 32 —Multiplyline31bythetaxrateof.0009.Thisisyoursubsidiarycapitalbasetax.EnterthisamountonFormCT-3,line77.

Schedule D — Qualified public utilities and transferees, qualified power producers, and qualified pipeline corporations

GeneralQualifiedpublicutilitycorporationsmustadjustENItoreflectmodificationsfor depreciation, and federal gain or loss on transition property, and for regulatoryassetspursuanttoTaxLawsection208.9(c-2).CompleteSchedule D, Part 1.

Transferees(whetherornotqualifiedpublicutilities)oftransitionpropertyfromaqualifiedpublicutilityinatax-freetransactionmustadjustENItoreflectmodificationstofederalgainorlosssubsequentlyrecognizedonthetransitionproperty,pursuanttoTaxLawsection208.9(c-2)(6)(B)(iv).Completeonlylines40,41,and43.

QualifiedpowerproducersandqualifiedpipelinecorporationsmustadjustENItoreflectmodificationsfordepreciationontransitionpropertypursuanttoTaxLawsection208.9(c-3).CompleteScheduleD,Part2.

A qualified public utility is a taxpayer that:

— wassubjecttoratemakingsupervisionbytheNewYorkStateDepartmentofPublicServiceonDecember31,1999;and

— wassubjecttotaxunderTaxLaw,Article9,section186forthetaxyearendingonDecember31,1999.

A qualified power producer is a taxpayer that:

— wasnotsubjecttoratemakingsupervisionbytheNewYorkStateDepartmentofPublicServiceonDecember31,1999;and

— wassubjecttotaxunderTaxLaw,Article9,section186forthetaxyearendingonDecember31,1999,becauseitwasprincipallyengagedinthebusinessofsupplyingelectricity.

A qualified pipeline is a taxpayer that:

— wassubjecttoratemakingsupervisionbytheFederalEnergyRegulatoryCommissionortheNewYorkStateDepartmentofPublicServiceonDecember31,1999;and

— wassubjecttotaxunderTaxLaw,Article9,sections183and184forthetaxyearendingonDecember31,1999,becauseitwasprincipallyengagedinthebusinessofpipelinetransmission.

Apublicutility,powerproducer,orpipelinecorporationthatdoesnotmeettheabovedefinitionsisnotrequiredtomakethe208.9(c-2)and(c-3)adjustments.

Transition property ispropertyplacedinservicebyaqualifiedpublicutility,qualifiedpowerproducer,orqualifiedpipelinebeforeJanuary1,2000,forwhichadepreciationdeductionisallowedunderIRCsection167.PropertyistransitionpropertyonlyforthetaxpayerthatownsitonJanuary1,2000,andisnottransitionpropertyinthehandsofasubsequenttransferee.(However,seetheinstructionsforScheduleD,lines40and41,forabasisadjustmentthatmayinurefromtransitionproperty.)

Book basis of transition property is the cost of the property minus the accumulated depreciation on the property determined on the taxpayer’s booksandrecordsinaccordancewithGAAP.

New York basis of transition property is the cost of the property minus the aggregate of the New York depreciation deductions allowed on the property under Tax Law Article 9-A. This aggregate is the sum of the amountsonScheduleD,line37,fortaxyearsafter2003,andScheduleE,line63,fortaxyears2000through2003.

Schedule D, Part 1 — Adjustments for qualified public utilities and transfereesCompletethispartifyouareaqualifiedpublicutility.Uselines33through43tocomputetheadjustmentsforENI.

Transferees:ifyouarenotaqualifiedpublicutilitybutyouareatransfereeoftransitionpropertyfromaqualifiedpublicutility,useonlylines40,41,and43tocomputetheadjustmentsforENI.

Other additionsLine 33Transition property — federal depreciation — Entertheamountdeducted on your federal return for depreciation of transition property. See line 37 instructions to compute the New York depreciation deduction. Transitionpropertyisdefinedabove.

Line 34Transition property — federal loss — If transition property is sold or otherwise disposed of at a loss for federal income tax purposes, you mustrecalculatetheamountofthelossforNewYorkusingbookbasisinplaceoffederaltaxbasisfortheproperty.Enterheretheamountoflossdeductedonyourfederalreturnandseeline38instructionstorecalculatethe loss for New York.

Line 35Transition property — New York gain — If transition property is sold or otherwise disposed of at a gain for federal income tax purposes in a taxyearendingbefore2010(oratanytimethereafterifthepropertyisanuclearelectricgeneratingfacility),youmustrecalculatetheamountofthegainforNewYorkusingNewYorkbasisinplaceoffederaltaxbasisfortheproperty. However, this recalculation can only reduce the federal gain to zero;itcannotproduceaNewYorkloss.EnterheretheNewYorkgainontransitionpropertycalculatedusingNewYorkbasis.IfrecalculationofthefederalgainusingNewYorkbasisyieldsaloss,theNewYorkgainiszero.Seeline39instructionstosubtractthefederalgain.

Schedule C worksheet

Liabilities indirectly attributable to a particular asset

A. Totalliabilities(enter amount from Form CT-3, line 31, column C) ................................................. A.

Liabilitiesdirectlyattributableto:

B.Subsidiarycapital ................................................. B.

C. Investment capital ................................................ C.

D.Businesscapital .................................................... D.

E. Totalliabilitiesdirectlyattributable(add lines B,

C, and D) .............................................................E.

F. Totalliabilitiesindirectlyattributable(subtract

line E from line A) .................................................. F.

G. Averagevalueofsubsidiarycapital(enter amount

from Form CT-3-ATT, line 27, column C) .................. G.

H. Averagevalueofadjustedtotalassets(enter

amount from Form CT-3, line 30, column C) ............. H.

I. DividelineGbylineH .......................................... I. %

J.MultiplylineFbylineI .......................................... J.

K. Valueoftheparticularasset ................................. K.

L. EnteramountfromlineG ...................................... L.

M.DividelineKbylineL ........................................... M. %

N.EnteramountfromlineJ ...................................... N.

O.Liabilitiesindirectlyattributabletoaparticular asset (multiply line M by line N) ................................. O.

of28 CT-3/4-I(2011) Line instructions for Form CT-3-ATT and General information

Other additionsLine 44 — Entertheamountdeductedonyourfederalreturnfordepreciationof transition property. Transition property is defined on page 25.

Other subtractionsLine 45 — In place of the federal depreciation deduction entered on line44,computeaNewYorkdepreciationdeductionbytreatingallofyourtransition property as a single asset placed in service on the first day of the taxyearthatendsin2000.TheNew York State basis for depreciation is thenetbookvalueofyourtransitionpropertyonthefirstdayofthefederaltaxyearthatendsin2000(oronthelaterdatein1999thatthepropertyisplacedinservice).TocomputetheNewYorkdeduction,usenetbookvalue,thestraight-linedepreciationmethod,a20-yearlife,andasalvagevalueofzero.

Forqualifiedpowerproducers,net book value is the cost of your transition propertyminustheaccumulateddepreciationshownonyourbooksandrecords, and determined in accordance with GAAP.

Forqualifiedpipelinecorporations,net book value is the cost of your transition property minus the accumulated depreciation shown on your booksandrecords,anddeterminedinaccordancewiththeregulatoryreportsfiledwiththeFederalEnergyRegulatoryCommissionortheNewYorkStateDepartmentofPublicService.

Other subtractionsLine 37Transition property — New York depreciation — In place of the federal depreciation deduction entered on line 33, enter the amount of depreciation expenseontransitionpropertyshownonyourbooksandrecordsforthetax year and determined in accordance with GAAP.

In the case of a financing arrangement where for federal purposes the qualifiedpublicutilityistreatedastheownerofthetransitionpropertyandallowedadepreciationdeductionforfederalincometaxpurposesbutnotallowed a depreciation deduction for GAAP purposes, you should compute the New York depreciation deduction in accordance with GAAP as if the transitionpropertywasdepreciatedonyourbooksandrecords.

Line 38Transition property — New York loss — In place of the federal loss entered on line 34, compute the New York loss on the sale or other disposition of transitionpropertybyusingbookbasisinsteadoffederaltaxbasis.

Line 39Transition property — federal gain — Entertheamountofgainincludedon your federal return from the sale or other disposition of transition property. See line 35 instructions to recalculate the gain for New York.

Lines 40 and 41Transition property basis adjustment carryover — If transition property isdisposedofinanonrecognitiontransaction(originaldisposition),suchasatax-freereorganizationoratrade-inforreplacementproperty,abasisadjustmentonthetransitionpropertycarriesovertothetransfereeoftheproperty, or to the replacement property, to reduce the gain or increase the lossinasubsequentrecognitiontransactioninvolvingthepropertythatwasformer transition property or the replacement property.

Line 40Federal gain — If the former transition or replacement property is sold at againforfederalincometaxpurposesinataxyearendingbefore2010(oratanytimethereafterifthepropertyisanuclearelectricgeneratingfacility),thegainisreduced,butnotbelowzero,bytheNewYorkbasisdifferential.The New York basis differentialistheamountbywhichtheNewYorkbasisofthepropertyexceedsitsfederaltaxbasisonthedateoforiginal disposition.EnterheretheNewYorkbasisdifferentialofpropertythatwasformer transition property or the replacement property sold at a federal gain thisyear,butnotmorethantheamountofdifferentialnecessarytobringthefederalgaintozero.

Line 41Federal loss — If the former transition or the replacement property is soldatalossforfederalincometaxpurposes,thelossisincreasedbytheamountofthebookbasisdifferential.Thebook basis differential is the amountbywhichthebookbasisofthepropertyexceedsitsfederalincometaxbasisonthedateoforiginal disposition.Enterherethebookbasisdifferential of the former transition property or the replacement property sold at a federal loss this year.

Line 42Regulatory assets — EntertheamountsrecognizedasexpenseonyourbooksandrecordsforthetaxyearthatwererecognizedasexpenseforfederalincometaxpurposesinataxyearendingonorbeforeDecember31,1999,if:(a)suchamountsrepresentexpendituresthat,whenmade,werechargedtoadeferreddebitaccountorsimilarassetaccountonyourbooksandrecords;(b)therecognitionofexpenseonyourbooksandrecordsismatchedbyrevenuestemmingfromaprocedureoradjustmentallowingtherecoveryofsuchexpenditures;and(c)suchrevenueisrecognizedforfederalincometaxpurposesinthetaxyear.

Schedule D, Part 2 — Adjustments for qualified power producers and qualified pipeline corporations

Completethispartifyouareaqualifiedpowerproduceroraqualifiedpipeline corporation and you claim a depreciation deduction on transition propertyforfederalincometaxpurposes.Uselines44and45tocomputetheadjustmentsforENI.

When preparing and mailing your General Business Corporation Franchise Tax Return, be sure to:

• Read the instructions.

• Usethecorrectforms.

• IncludeyourEINandfilenumberoneachformfiled.

• Have the appropriate individuals sign the completed return.

• Makeyourcheckormoneyorderpayableto:New York State Corporation Tax.

• AttachFormsCT-3-ATT,CT-38,andallotherschedulesyouarerequiredtofile.

• Attach a complete copy of your federal return to Form CT-3 or CT-4.

• Attach the appropriate tax credit forms if you claimed any tax credits.

• If you are using tax software, attach a completed copy of Form CT-2, Corporation Tax Return Summary.

• Assembleyourreturnandattachmentsthisway:

For mailing address information, see Where to file on page 4.

Copy of your federal return

Separate sheets (identifybytheEIN,filenumber,andformnumber,ifapplicable)

Otherrequiredforms

Tax credit forms

Form CT-3-ATT

Form CT-3

Payment

Worksheet for Form CT-3 CT-3/4-I(2011) of28

%

%

%

%;%%%

A. Enterfederalnoninterestdeductionsshownonfederal Form1120,line27(excludingtheamountfromfederal Form1120,line18) ................................................. A.B. Enteramountsofnoninterestdeductionsincludedon lineAthatmustbeaddedbacktoFTIin computing ENI(otherthan the amounts on Form CT-3, lines4band5b).Include the New York State excess depreciation amount describedinTaxLaw section208.9(b)(11)totheextent that amounts aresubtractedincomputingENIfor prior tax yearsthatbeganonorafterJanuary1,1987. EntertheFormCT-3linenumbersandamounts below. Line # Amount Line # Amount Line # Amount Total B.

C. Balance(subtract line B from line A) ........................... C. D. Enteramountsofnoninterestdeductionslisted belowthatmustbesubtractedfromFTIin computingENI. — Forataxpayerorganizedoutsidethe UnitedStates,deductionsattributableto incomethatisnotincludedinFTIbutmust beincludedinENI(forexample,foreign sourceincome)(20NYCRR3-2.3(a)(9)). — The portion of wages and salaries paid or incurred for the tax year for which a deduction isnotallowedpursuanttoIRCsection280C (TaxLawsection208.9(a)(7)). — Depreciation deductions for decoupled property (TaxLawsection208.9(a)(11)and(12)). — Deductions arising from decoupling from federalsafeharborleaseprovisions(TaxLaw section208.9(a)(10)). — The noninterest deductions taken in computing the amount on Form CT-3, line 2. — Depreciation deductions for decoupled property (TaxLawsection208.9(o)and(p)). — Relatedmemberroyaltypaymentdeduction (TaxLawsection208.9(o)). — SUVrecapture(TaxLawsection208.9(a)(16)). — Deductionforqualifiedpublicutilitiesand transferees(TaxLawsection208.9(c-2)). — Deductionforqualifiedpowerproducersand qualifiedpipelinescorporations(TaxLaw section208.9(c-3)). — DeductionforsaleofQETI(TaxLaw section208.9(l)). — Deductionforeligiblesettlementfundor eligiblegrantortrust(TaxLawsection13).

EntertheFormCT-3linenumbers andamountsbelow.

Line # Amount Line # Amount Line # Amount Total D.

Line 5b worksheetNoninterest deductions indirectly attributable to subsidiary capital

(instructions continue on page 12)

E. Total New York State noninterest deductions includedinENI(add lines C and D) ........................... E. F. Enternoninterestdeductionsdirectlyattributable to subsidiarycapital(from Form CT-3, line 4b) ............ F.G. Enternoninterestdeductionsdirectlyattributable to investment capital (from Form CT-3-ATT, line 16) ....................................................................... G.H. Enternoninterestdeductionsdirectlyattributable tobusinesscapital .................................................. H.I. Subtotal(add lines F, G, and H) .................................. I.J. Noninterestdeductionssubjecttoindirect attribution(subtract line I from line E; see instructions for line R) .................................................................. J.K. Entergrossincomeattributabletosubsidiary capital.Grossincomefromsubsidiarycapitalis that portion of total gross income consisting of dividends,interest,andgains(butnotlosses) fromsubsidiarycapital.Todeterminetheamount to enter on line K, take the amount of dividends, interest, and gains reported on Form CT-3-ATT, line26,andaddbackanylossesusedto compute the amount of capital gains from subsidiarycapitalonFormCT-3-ATT,line25.Also include any amount of foreign dividend gross up fromsubsidiarycapitalthatwasincludedon Form CT-3, line 12. ................................................. K.L. Entertotalgrossincome.Forthesepurposes total gross income means gross income as definedinIRCsection61,increasedby (a)thoseitemsdescribedinsection61thatare includedinthecomputationofENIby reasonofTaxLawsection208.9(c)(relatingto foreignsourceincome),and(b)interestonstate andlocalbondsexcludedfromgrossincomeunder IRCsection103.Grossincomeisnotreducedby anydeductionforcapitallossesorbyany other deductions .................................................... L.M.Incomepercentage(divide line K by line L) ................ M.N. EnteramountfromFormCT-3-ATT,line27,columnC .... N.O. EnteramountfromFormCT-3,line30,columnC ... O.P. Asset percentage (divide line N by line O) .................. P.Q. Subsidiarycapitalpercentage(IflineLiszero, thesubsidiarycapitalpercentageisequaltothe assetpercentage.IflineOiszero,thesubsidiary capitalpercentageisequaltotheincome percentage.) a.EnterpercentagefromlineM multiplyby2 .........................................

b.EnterpercentagefromlineP ...............

c. Total (add lines a and b) ...........................

d.Subsidiarycapitalpercentage (divide line c by 3) ................................................... Q. R. Amount of noninterest deductions indirectly attributabletosubsidiarycapital(Multiply line J by the percentage from line Q or, if an election has been made to use the asset percentage, by the percentage from line P. Enter this amount on Form CT-3, line 5b.) .................................................... R.

%

%

%

E. TotalNewYorkStatenoninterestdeductions includedinENI(add lines C and D) ............................. E.

F. Enternoninterestdeductionsdirectlyattributable tosubsidiarycapital(from Form CT-3, line 4b) ............ F.

G. Enternoninterestdeductionsdirectlyattributable to investment capital (from Form CT-3-ATT, line 16) ....................................................................... G.

H. Enternoninterestdeductionsdirectlyattributable tobusinesscapital ................................................... H.

I. Subtotal(add lines F, G, and H) ................................... I.

J. Noninterestdeductionssubjecttoindirect attribution(subtract line I from line E; see instructions for line R) .................................................. J.

K. Entergrossincomeattributabletoinvestment capital. Gross income from investment capital is that portion of total gross income consisting of (a)dividends,interest,andgains(butnotlosses) frominvestmentcapital,and(b)itemsdescribed in20NYCRR4-8.3(a)(2)–(5).Todeterminethe amount to enter on line K, take the amount of total investment income reported on FormCT-3-ATT,line14,andaddbackany dividends excluded on Form CT-3, line 11, and any losses used to compute the amount of capital gains from investment capital on Form CT-3-ATT, line 12. ........................................... K.

L. Entertotalgrossincome.Forthesepurposes, total gross income means gross income as definedinIRCsection61,increasedby (a)thoseitemsdescribedinsection61thatare includedinthecomputationofENIbyreason ofTaxLawsection208.9(c)(relatingto foreignsourceincome),and(b)interest onstateandlocalbondsexcludedfrom grossincomeunderIRCsection103. Grossincomeisnotreducedbyanydeduction forcapitallossesorbyanyotherdeductions. ......... L.

M.Incomepercentage(divide line K by line L) ................. M.

N. EnteramountfromFormCT-3-ATT,line7, column C ................................................................. N.

O. EnteramountfromFormCT-3,line30,columnC ... O.

P. Asset percentage (divide line N by line O) ................... P.

Q. Investmentcapitalpercentage(iflineLiszero, theinvestmentcapitalpercentageisequalto theassetpercentage.IflineOiszero,the investmentcapitalpercentageisequaltothe incomepercentage.)

a. EnterpercentagefromlineM multiplyby2 ........................................

b. EnterpercentagefromlineP ............... c. Total (add lines a and b) .......................... d. Investment capital percentage (divide line c by 3) .................................................. Q.

R. Amount of noninterest deductions indirectly attributabletoinvestmentcapital(Multiply line J by the percentage from line Q or, if you made an election to use the asset percentage, by the percentage from line P. Enter this amount on line 18 of Form CT-3-ATT.) ....................................... R.

of28 CT-3/4-I(2011) Worksheet for Form CT-3-ATT

%

%%

%;

Noninterest deductions indirectly attributable to investment capitalLine 18 worksheet

(instructions continue on page 24)

A.Enterfederalnoninterestdeductionsincludedon federalForm1120,line27(excludingtheamount fromfederalForm1120,line18) .............................. A.

B.Enteramountsofnoninterestdeductionsincluded onlineAthatmustbeaddedbacktoFTIin computingENI(otherthantheamountson FormCT-3,lines4band5b).IncludetheNewYork Stateexcessdepreciationamountdescribedin TaxLawsection208.9(b)(11)totheextentthat suchamountsaresubtractedincomputingENI forpriortaxyearsthatbeganonorafter January1,1987.

EntertheFormCT-3linenumberandamounts below.

Line # Amount

Line # Amount Line# Amount Total B.

C.Balance(subtract line B from line A) ............................. C.

D.Enteramountsofnoninterestdeductionslisted belowthatarerequiredtobesubtractedfrom FTIincomputingENI.

— Forataxpayerorganizedoutsidethe UnitedStates,deductionsattributable toincomethatisnotincludedinFTIbut isrequiredtobeincludedinENI(for example,foreignsourceincome) (section208.9(c);seealso 20NYCRR3-2.3(a)(9)).

— The portion of wages and salaries paid or incurred for the tax year for which a

deduction is not allowed pursuant to IRCsection280C(TaxLawsection208.9(a)(7)).

— Depreciation deductions for decoupled property(TaxLawsection208.9(a)(11)and(12)).

— Deductions arising from decoupling from federalsafeharborleaseprovisions

(TaxLawsection208.9(a)(10)).

— The noninterest deductions taken in computing the amount on Form CT-3, line 2.

— Depreciation deductions for decoupled property (TaxLawsection208.9(o)and(p)). — Relatedmemberroyaltypaymentdeduction (TaxLawsection208.9(o)). — SUVrecapture(TaxLawsection208.9(a)(16)). — Deductionforqualifiedpublicutilitiesand transferees(TaxLawsection208.9(c-2). — Deductionforqualifiedpowerproducersand qualifiedpipelinescorporations(TaxLaw section208.9(c-3)). — DeductionforsaleofQETI(TaxLaw section208.9(l)). — Deductionforeligiblesettlementfundor eligiblegrantortrust(TaxLawsection13).

EntertheFormCT-3linenumber andamountsbelow. Line # Amount

Line # Amount

Line # Amount Total D.

Need help?

Persons with disabilities: In compliance with the Americans with Disabilities Act, we will ensure that our lobbies, offices, meeting rooms, and other facilities are

Telephone assistance

Corporation Tax Information Center: (518) 485-6027To order forms and publications: (518) 457-5431Text Telephone (TTY) Hotline (for persons with hearing and speech disabilities using a TTY): (518) 485-5082

accessible to persons with disabilities. If you have questions about special accommodations for persons with disabilities, call the information center.

Visit our website at www.tax.ny.gov• get information and manage your taxes online• check for new online services and features

TP-32(1/16)

Department of Taxation and Finance

Change in Mailing Address and AssistanceInformation for Prior Year Corporation Tax Forms

Beginning on January 2, 2015, we changed processing centers.

Any corporation tax form for tax years 2014 or before that instructs you to mail the form to: NYS Tax Department – IT-2659, PO Box 397, Albany NY 12201-0397, must be mailed to this address instead (see Private delivery services below):

NYS TAX DEPARTMENTPO BOX 15179ALBANY NY 12212-5179

Any corporation tax filing extension request form for tax years 2014 or before that instructs you to mail the form to: NYS Tax Corporation Tax, Processing Unit, PO Box 22094, Albany NY 12201-2094, or NYS Tax Corporation Tax, Processing Unit, PO Box 22102, Albany NY 12201-2102, must be mailed to this address instead (see Private delivery services below):

NYS CORPORATION TAXPO BOX 15180ALBANY NY 12212-5180

Any C corporation, banking corporation, insurance corporation, Article 9 corporation, and Article 13 corporation tax form for tax years 2014 or before that instructs you to mail the form to: NYS Tax Corporation Tax, Processing Unit, PO Box 1909, Albany NY 12201-1909; NYS Tax Corporation Tax, Processing Unit, PO Box 22038, Albany NY 12201-2038; NYS Tax Corporation Tax, Processing Unit, PO Box 22095, Albany NY 12201-2095; NYS Tax Corporation Tax, Processing Unit, PO Box 22093, Albany NY 12201-2093; or NYS Tax Corporation Tax, Processing Unit, PO Box 22101, Albany NY 12201-2101, must be mailed to this address instead (see Private delivery services below):


Any S corporation tax form for tax years 2014 or before that instructs you to mail the form to: NYS Tax Corporation Tax, Processing Unit, PO Box 22092, Albany NY 12201-2092, or NYS Tax Corporation Tax, Processing Unit, PO Box 22096, Albany NY 12201-2096, must be mailed to this address instead (see Private delivery services below):


Note: Forms mailed to the old addresses may be delayed in processing.

Private delivery servicesIf you choose, you may use a private delivery service, instead of the U.S. Postal Service, to mail in your form and tax payment. However, if, at a later date, you need to establish the date you filed or paid your tax, you cannot use the date recorded by a private delivery service unless you used a delivery service that has been designated by the U.S. Secretary of the Treasury or the Commissioner of Taxation and Finance. (Currently designated delivery services are listed in Publication 55, Designated Private Delivery Services. See Need help? below for information on obtaining forms and publications.) If you have used a designated private delivery service and need to establish the date you filed your form, contact that private delivery service for instructions on how to obtain written proof of the date your form was given to the delivery service for delivery.

For all the forms referenced above, if you are using a private delivery service, send to:

NYS TAX DEPARTMENTCORP TAX PROCESSING90 COHOES AVEGREEN ISLAND NY 12183

form ct-3-4-i:2011: instructions for forms ct-4, ct-3, and ... · new york state department of...

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