Instructions For Filing Form Ct-990t (Page 3 of 4) in pdf

COMPUTATION OF TAX

SCHEDULE A – Unrelated Business Income Apportionment

This schedule should be completed by organizations that have a

Line 1

Enter the federal unrelated business taxable income

regular place of business outside Connecticut at which their

from Computation of Income, Line 6. An organization

unrelated trade or business is conducted. Otherwise, the

that may not apportion its unrelated business taxable

Connecticut business apportionment should be 100%.

income must also enter this amount on Computation

of Tax, Line 3.

Item 1.

Enter in Column A the average value of the taxpayer’s

Line 2

If the organization is entitled to apportion its income,

real and tangible personal property, without any deduction on

enter the apportionment fraction computed on Form

account of any encumbrance thereon, owned and used in its

CT-990T, Schedule A, Line 5. The fraction must be

unrelated trade or business within Connecticut during the period

expressed as a decimal and carried to six places.

covered by the taxpayer’s return and the value of real and tangible

personal property rented to the taxpayer and used in its unrelated

Line 3

Enter the amount of the Connecticut unrelated

trade or business within Connecticut during the period covered

business taxable income. This amount is either the

by the taxpayer’s return.

amount on Line 1 or the amount on Line 1 multiplied

by the apportionment fraction on Line 2.

Enter in Column B the average value of all the taxpayer’s real and

tangible personal property, without any deduction on account of

Line 4

Enter the amount of operating loss carryover

any encumbrance thereon, owned and used in its unrelated trade

apportioned to Connecticut from 1998 Form

or business within and outside Connecticut during the period

CT-990T, Schedule B, Line 6.

covered by the taxpayer’s return and the value of all real and

tangible personal property rented to the taxpayer and used in its

Line 5

Subtract Line 4 from Line 3 and enter the result on

unrelated trade or business within and outside Connecticut

Line 5.

during the period covered by the taxpayer’s return.

Line 6

Multiply the amount on Line 5 by 9.50% (.095) to

Tangible personal property is defined in Conn. Gen. Stat.

compute the amount of tax due and enter the result on

§12-242bb(d) as meaning corporeal personal property, such as

Line 6.

machinery, tools, implements, goods, wares and merchandise,

but not including money, deposits in banks, shares of stock,

COMPUTATION OF AMOUNT PAYABLE

bonds, notes, credits or evidences of an interest in property and

evidences of debt.

Line 1

Enter the amount from Computation of Tax, Line 6.

The average value of real and tangible personal property owned

Line 2

Enter the amount of tax credit from 1998 Form

and used by the taxpayer in its unrelated trade or business shall

CT-1120 EDPC, Electronic Data Processing

be its average monthly net book value. Compute the value of real

Equipment Property Tax Credit, Part II, Line 5, Column

and tangible personal property rented to the taxpayer and used in

D . (Attach form if applicable)

its unrelated trade or business by multiplying by eight the gross

rents, as defined in Conn. Gen. Stat. §12-218(b), payable during

Line 3

Subtract Line 2 from Line 1 and enter the result on

the income year.

Line 3. If negative, enter zero.

Item 2.

Enter in Column A the receipts of the taxpayer’s

Line 4

Enter on Lines 4a, 4b and 4c all prepayments that

unrelated trade or business, computed on the cash or accrual

were made. Enter the total on Line 4.

basis according to the method of accounting used in the

computation of the taxpayer’s unrelated business taxable income,

Line 5

Subtract Line 4 from Line 3 and enter the result on

arising during the period covered by the taxpayer’s return from (a)

Line 5.

sales of tangible personal property by the unrelated trade or

business where shipments are made to points within

Line 6a Enter the amount of overpayment to be credited to

Connecticut, (b) services performed within Connecticut by the

1999 estimated tax.

unrelated trade or business, (c) rentals from property of the

unrelated trade or business situated within Connecticut, and (d)

Overpayments are credited only as of the receipt

all other receipts earned by the unrelated trade or business within

date of the completed Form CT-990T.

Connecticut.

Line 6b Enter the amount of overpayment to be refunded.

Enter in Column B the total receipts of the unrelated trade or

business, similarly computed, arising during the period covered

Line 6

Add Line 6a and Line 6b.

by the taxpayer’s return from all sales of tangible personal

property, services, rentals and all other transactions, within and

Line 7a Enter penalty if applicable. (See Instructions for penalty

outside Connecticut.

calculation.)

Item 3.

Enter in Column A the wages, salaries and other

Line 7b Enter interest due on tax paid by the original due date

personal service compensation, similarly computed, during the

(See Instructions for interest calculation.)

period covered by the taxpayer’s return, of employees, except

general executive officers, of the taxpayer’s unrelated trade or

Line 7c Enter interest due on underpayment of estimated tax.

business within Connecticut.

(Complete and attach 1998

I.)

Enter in Column B the total wages, salaries and other personal

Line 7

Balance Due - Add Lines 5, 7a, 7b and 7c and enter

service compensation, similarly computed, during the period

the result on Line 7.

covered by the taxpayer’s return, of employees, except general

executive officers, of the taxpayer’s unrelated trade or business

within and outside Connecticut.

CT-990T Instructions (Rev. 12/98)

Page 3 of 4

Instructions For Filing Form Ct-990t Page 3

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