Form Ct-1120u - Unitary Corporation Business Tax Return

2006

Department of Revenue Services

Form CT-1120U

State of Connecticut

Unitary Corporation Business Tax Return

(Rev. 12/06)AG

Enter Income Year

Beginning

____________________, 2006, and Ending

_____________________________________

Total Assets

Parent or Designated CT Parent

Name of Parent or Designated Connecticut Parent Corporation

Connecticut Tax Registration Number

Gross Receipts

Address

Number and Street

PO Box

NAICS Code (See instructions.)

DRS Use Only

–

– 20

City or Town

State

ZIP Code

Audited By

Federal Employer ID Number (FEIN)

Check All Applicable Boxes

Address Change 2. Unitary Return Status:

Final

Short Period

3 . Has any corporation within the group:

Dissolved

Withdrawn

Merged/Reorganized (Enter survivor’s CT Tax Reg # ___________________ .)

4 . Is this the first year this group is filing a unitary return?

Yes (Attach Form CT-1120Q and Form CT-1120CC.)

5 . Does any nexus company pay, accrue, or incur interest expenses or intangible expenses, costs,

and related interest expenses to a related member?

Yes (Attach Form CT-1120AB.)

6 . Is the unitary group exchanging R & D tax credits?

Yes (Attach Form CT-1120 XCH.)

7 . Is the unitary group annualizing its income?

Yes (Attach Form CT-1120I.)

8 . Is any corporation filing Form CT-1120 PIC?

Yes (Attach Form CT-1120 PIC.)

Schedule of Corporations Included in The Unitary Return (If additional lines are needed, attach a schedule.)

Nexus

Corporation Name

CT Tax Registration Number

FEIN

With CT ( )

— 000

Common Parent or Designated Connecticut Parent

— 000

Tax registration number must be included for parent and all affiliates (if applicable).

Minimum Tax Calculation

1. Enter the total number of corporations included in this unitary return. ...................................................

2. Minimum Tax (Multiply Line 1 by $250.) ........................................................................................................

– Attach a Complete Copy of Form 1120 Including all Schedules as Filed With the Internal Revenue Service –

Schedule A

– Computation of Tax on Net Income

1. Net income (Schedule D, Line 18) ...............................................................................................................

2. Apportionment fraction (Form CT-1120A, Schedule R ) ...........................................................................

3. Connecticut net income (Multiply Line 1 by Line 2.) .....................................................................................

4. Operating loss carryover (See instructions.) ..............................................................................................

5. Income subject to tax (Subtract Line 4 from Line 3.) ...................................................................................

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

Schedule B

– Computation of Minimum Tax on Capital

1. Minimum tax base (Schedule E, Line 6, Column C) ......................................................................................

2. Apportionment fraction (Form CT-1120A, Schedule S ) ..............................................................................

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

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

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

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

Schedule C

– Computation of Amount Payable

Tax (greater of Schedule A, Line 6; Schedule B, Line 6; or Minimum Tax) ................................................

1a.

1b.

Surtax (Line 1a multiplied by 20% (.20). If Line 1a is Minimum Tax, enter “0.”) .........................................

1c. Recapture of tax credits (See instructions.) ................................................................................................

1. Total tax (Enter the total of Lines 1a, 1b, and 1c. If no tax credits claimed, also enter on Line 6.) ..............

2. Multiply Line 1 by 30% (0.30). ........................................................................................................................

3. Enter the greater of Line 2 or Minimum Tax. ..................................................................................................

4. Tax credit limitation (Subtract Line 3 from Line 1.) .........................................................................................

5. Tax credits (Form CT-1120K, Part II, Line 11. See instructions. Do not exceed amount on Line 4.) ....

6. Balance of tax payable (Subtract Line 5 from Line 1.) ................................................................................

7a. Paid with application for extension (Form CT-1120 EXT) ................................................................................

7b. Paid with estimates (Forms CT-1120 ESA, ESB, ESC, & ESD) .......................................................................

7c. Overpayment from prior year ................................................................................................................................

7 c

7. Tax payments (Enter the total of Lines 7a, 7b, and 7c.) .............................................................................

8. Balance of tax due (overpaid) (Subtract Line 7 from Line 6.) .......................................................................

.00

9. Add: Penalty

(9a) __________ Interest

(9b) __________ CT-1120I Interest

(9c) ____________

.00

10. Amount to be credited to 2007 estimated tax

(10a) ___________ Refunded

(10b) ______________