Form Ct-1120 - Corporation Business Tax Return

Schedule A – Computation of Tax on Net Income

1. Net income: Enter amount from Schedule D, Line 22. If 100% Connecticut, enter also on Line 3. ... .

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2. Apportionment fraction: Carry to six places. See instructions. .............................................................

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3. Connecticut net income: Multiply Line 1 by Line 2. ..............................................................................

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4. Operating loss carryover from Form CT-1120 ATT, Schedule H, Line 14, Column D ..........................

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5. Income subject to tax: Subtract Line 4 from Line 3. .............................................................................

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6. Tax: Multiply Line 5 by 7.5% (.075). .....................................................................................................

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Schedule B – Computation of Minimum Tax on Capital

1. Minimum tax base from Schedule E, Line 6, Column C. If 100% Connecticut, enter also on Line 3.

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2. Apportionment fraction: Carry to six places. See instructions. .............................................................

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3. Multiply Line 1 by Line 2. ......................................................................................................................

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4. Number of months covered by this return .............................................................................................

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5. Multiply Line 3 by Line 4, divide the result by 12. .................................................................................

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6. Tax (3 and 1/10 mills per dollar): Multiply Line 5 by .0031. Maximum tax for Schedule B is $1,000,000. ...

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Schedule D – Computation of Net Income

1. Federal taxable income (loss) before net operating loss and special deductions .................................

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2. Interest income wholly exempt from federal tax ....................................................................................

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3. Unallowable deduction for corporation tax from Schedule F, Line 8 .....................................................

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4. Interest expenses paid to a related member from

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Form CT-1120AB, Part I A, Line 1

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5. Intangible expenses and costs paid to a related member from

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Form CT-1120AB, Part I B, Line 3

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6. Federal bonus depreciation: See instructions. .....................................................................................

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7. Reserved for future use .........................................................................................................................

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8. IRC §199 domestic production activities deduction from federal Form 1120, Line 25...........................

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9. Other: Attach explanation. ....................................................................................................................

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10. Total: Add Lines 1 through 9. ...............................................................................................................

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11. Dividend deduction from Form CT-1120 ATT, Schedule I, Line 5 ........................................................

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12. Capital loss carryover (if not deducted in computing federal capital gain) ............................................

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13. Capital gain from sale of preserved land ...............................................................................................

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14. Federal bonus depreciation recovery from Form CT-1120 ATT, Schedule J, Line 13 .........................

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15. Exceptions to interest add back from Form CT-1120AB, Part II A, Line 1 ...........................................

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16. Exceptions to interest add back from Form CT-1120AB, Part II A, Line 2 ...........................................

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17. Exceptions to interest add back from Form CT-1120AB, Part II A, Line 3 ...........................................

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18. Exceptions to add back of intangible expenses paid to a related member from

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Form CT-1120AB, Part II B, Line 1

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19. Reserved for future use ........................................................................................................................

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20. Other: See instructions. ........................................................................................................................

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21. Total: Add Lines 11 through 20. ............................................................................................................

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22. Net income: Subtract Line 21 from Line 10. Enter here and on Schedule A, Line 1. ..........................

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Schedule E – Computation of Minimum Tax Base

See instructions.

Column A

Column B

Column C

Beginning of Year

End of Year

1. Capital stock from federal Schedule L, Line 22a and Line 22b ....

(Column A plus

2. Surplus and undivided profits from federal Schedule L,

Column B)

Lines 23, 24, and 25 ...................................................................

Divided by 2

3. Surplus reserves: Attach schedule. ...........................................

4. Total: Add Lines 1, 2, and 3. Enter average in Column C. .......

5. Holdings of stock of private corporations: Attach schedule.

Enter average in Column C. ......................................................

6. Balance: Subtract Line 5, Column C, from Line 4, Column C. Enter here and on Schedule B, Line 1. ............................

Form CT-1120 (Rev. 12/12)

Page 2 of 3

Form Ct-1120 - Corporation Business Tax Return - 2012 Page 2

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