Instructions For Form Ct-3m/4m - New York State Department Of Taxation And Finance (Page 3 of 4) in pdf

CT-3M/4M-

(2005) Page 3 of 4

Condition

Instructions

Condition 2 worksheet

1. The tax on the minimum taxable

Complete Condition 1 worksheet.

A. Enter the gross payroll from Form CT-4,

income (MTI) base equals the

line 31; Form CT-3, line 74a; Form CT-3-A,

tax due.

line 74a; or Form CT-3-A/C, line 1a ........................... A.

CT-3

Line 71 = Line 82

B. Enter the total receipts from Form CT-4,

CT-3-A

Line 71 = Line 81

line 32; Form CT-3, line 74b; Form CT-3-A,

CT-4

Line 27 = Line 34

line 74b; or Form CT-3-A/C, line 1b ........................... B.

Complete Condition 2 worksheet.

2. The ﬁxed dollar minimum tax

C. Enter the average value of assets from

equals the tax due.

Form CT-4, line 33; Form CT-3, line 74c;

Form CT-3-A, line 74c; or Form CT-3-A/C, line 1c .... C.

CT-3

Line 74d = Line 82

CT-3-A

Line 74d = Line 81

D. Recalculated ﬁxed dollar minimum tax

CT-4

Line 30 = Line 34

(see box below)

If gross payroll (line A) is:

Then enter the

3. The tax on the capital base

Forms CT-3 and CT-4 ﬁlers: If your

recalculated

equals the largest tax before

tax on capital base on Form CT-3,

credits.

line 73 or Form CT-4, line 29 does

ﬁxed dollar

not exceed $350,000, enter on

minimum tax

CT-3

Line 73 = Line 75

line 1 of Form CT-3M/4M the

CT-3-A

Line 73 = Line 75

$6,250,000 or more:

$1,500*

larger of $325* or the amount

CT-4

Line 29 = Line 34

from Form CT-3, line 82, or

More than $1,000,000 but less

Form CT-4, line 34. Otherwise,

than $6,250,000:

$425*

complete Condition 3 worksheet.

Not more than $1,000,000:

$325*

Form CT-3-A ﬁlers: complete

However, if gross payroll (line A),

Condition 3 worksheet.

total receipts (line B), and

average value of assets (line C)

Complete Condition 4 worksheet.

4. The tax on the MTI base equals

are each $1,000 or less:

$800*

the largest tax before credits.

CT-3

Line 71 = Line 75

Enter the recalculated ﬁxed dollar minimum

CT-3-A

Line 71 = Line 75

tax here ..................................................................... D.

5. The tax on the entire net income

Complete Condition 5 worksheet.

E. Form CT-3-A ﬁlers only: Recalculate the ﬁxed

(ENI) base equals the largest tax

dollar minimum tax for each taxable subsidiary

before credits.

included in the combined return using the gross

payroll, total receipts, and average value of

CT-3

Line 72 = Line 75

assets from Form(s) CT-3-A/C. Use lines A

CT-3-A

Line 72 = Line 75

through D of this worksheet, total the

CT-4

Line 28 = Line 34

recalculated ﬁxed dollar minimum tax

amounts for all taxable subsidiaries, and

6. The ﬁxed dollar minimum tax is

Complete Condition 6 worksheet.

enter the result here .................................................. E.

the largest tax before credits.

F. Add lines D and E; enter the result here and

CT-3

Line 74d = Line 75

on Form CT-3M/4M, line 1 ......................................... F.

CT-3-A

Line 74d = Line 75

Condition 1 worksheet

Condition 3 worksheet

A. Enter MTI base from Form CT-3, line 70;

A. Enter the capital base tax from Form CT-3, line 40;

CT-3-A, line 70; or CT-4, line 26 ................................ A.

Form CT-4, line 20; or Form CT-3-A, line 40.............. A.

.035

B. Rate ........................................................................... B.

B. Enter the lesser of line A or $350,000 ....................... B.

C. Multiply line A by line B; enter the larger of

C. Enter the greater of line B or $325* ........................... C.

this result or $325* .................................................... C.

D. Enter the tax on subsidiary capital from Form CT-3,

D. Form CT-3-A ﬁlers only: Recalculate the ﬁxed

line 77 or CT-3-A, line 76........................................... D.

dollar minimum tax for each taxable subsidiary

E. Form CT-3-A ﬁlers only: Recalculate the ﬁxed

included in the combined return using the gross

dollar minimum tax for each taxable subsidiary

payroll, total receipts, and average value of

included in the combined return using the gross

assets from Form(s) CT-3-A/C. Use lines A

payroll, total receipts, and average value of assets

through D of Condition 2 worksheet, total the

from Form(s) CT-3-A/C. Use lines A through

recalculated ﬁxed dollar minimum tax

D of Condition 2 worksheet, total the

amounts for all taxable subsidiaries, and

recalculated ﬁxed dollar minimum tax amounts

enter the result here .................................................. D.

for all taxable subsidiaries, and enter the

E. Add lines C and D; enter the result here and

result here ................................................................. E.

on Form CT-3M/4M, line 1 ......................................... E.

F. Add lines C, D, and E................................................. F.

G. Enter tax credits from Form CT-3, line 79 or

Form CT-3-A, line 78.................................................. G.

H. Subtract line G from line F; enter the result

here and on Form CT-3M/4M, line 1

(if less than

................................................................ H.

zero, enter 0)

*See Short period returns on page 2.

Instructions For Form Ct-3m/4m - New York State Department Of Taxation And Finance Page 3

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