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CT-604-CP-I (2003) (back)

Article 33 filers — Include this amount on your franchise tax

Line 17 — If you are applying multiple credits, see your franchise

return. For Form CT-33, Form CT-33-A, and Form CT-33-NL, use

tax return instructions to determine the order of credits that applies.

the box labeled Form CT-604 QEZE credit for real property taxes,

If filing Form CT-604, and/or more than one Form CT-604-CP,

under Summary of tax credits claimed against current year’s

include any amount of QEZE tax reduction credit that you are

franchise tax return .

claiming that you wish to apply before the QEZE tax reduction

credit being claimed on this form. Life insurance corporations do

Line 9 — Enter the amount of unused credit on line 8 that you wish

not include EZ wage tax credit, EZ capital tax credit, or zone

refunded, and transfer this amount to the appropriate line of your

equivalent area (ZEA) wage tax credit on this line.

franchise tax return.

Line 21

Line 10 — Any amount of credit not being used or refunded may

be claimed as an overpayment of tax. If you wish to have this

Article 9-A filers — Include this amount on your franchise tax

amount applied against the Metropolitan Transportation Authority

return. For Form CT-3, use the box labeled Form CT-604, line 47

(MTA) surcharge or next year’s tax liability, transfer this amount to

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

the appropriate line of your franchise tax return.

franchise tax. If you are filing Form CT-3-A, use the box labeled

Form CT-604, line 47 , under Summary of credits claimed on line 78

Line 14-A

against current year’s franchise tax.

Article 9-A filers — Enter the larger of the tax on the entire net

income base or the tax on the minimum taxable income base from

Article 32 filers — Include this amount on your franchise tax

Form CT-3 or CT-3-A.

return. For Form CT-32 or CT-32-A, use the box labeled

Form CT-604 QEZE tax reduction credit under Recap of tax credits

Article 32 filers — Enter the larger of the tax on the entire net

claimed on line 6 against current year’s franchise tax.

income base or the tax on the alternative entire net income base

from Form CT-32 or CT-32-A.

Article 33 filers — Include this amount on your franchise tax

return. For Form CT-33, Form CT-33-A, and Form CT-33-NL, use

Article 33 Life insurance corporation filers — Enter the larger of

the box labeled Form CT-604 QEZE tax reduction credit, under

the tax on the entire net income base or the entire net income plus

Summary tax credits claimed against current year’s franchise tax

compensation base from Form CT-33 or CT-33-A.

return.

Article 33 Non-life insurance corporation filers — To claim the

QEZE tax reduction credit, you must calculate a tax factor for the

Privacy notification — The Commissioner of Taxation and

tax year by preparing a pro-forma tax return calculating a tax on

Finance may collect and maintain personal information pursuant to

income for the year the credit is claimed. Prepare Form CT-33, Life

the New York State Tax Law, including but not limited to,

Insurance Corporation Franchise Tax Return , to calculate the tax

sections 171, 171-a, 287, 308, 429, 475, 505, 697, 1096, 1142,

on entire net income and the tax on entire net income plus

and 1415 of that Law; and may require disclosure of social security

compensation. Attach the pro-forma tax return to this form. Enter

numbers pursuant to 42 USC 405(c)(2)(C)(i).

the larger of these tax amounts on line 14-A.

This information will be used to determine and administer tax

Line 14-B — Enter your pro rata share of New York partnership

liabilities and, when authorized by law, for certain tax offset and

income derived from the QEZE partnership allocated to New York

exchange of tax information programs as well as for any other

State. Partnership income means the partnership items of income,

lawful purpose.

gain, loss and deduction, and the associated New York

Information concerning quarterly wages paid to employees is

modifications included in:

provided to certain state agencies for purposes of fraud prevention,

• entire net income if the tax on line 14-A was computed on entire

support enforcement, evaluation of the effectiveness of certain

net income; or

employment and training programs and other purposes authorized

by law.

• minimum taxable income for Article 9-A, alternative entire net

income for Article 32, or entire net income plus compensation for

Failure to provide the required information may subject you to civil

Article 33 if the tax on line 14-A was computed on one of these

or criminal penalties, or both, under the Tax Law.

bases.

This information is maintained by the Director of Records

To allocate your pro rata share of the QEZE partnership income to

Management and Data Entry, NYS Tax Department, W A Harriman

New York State use Worksheet A below:

Campus, Albany NY 12227; telephone 1 800 225-5829. From areas

outside the United States and outside Canada, call

Worksheet A

(518) 485-6800.

a. Enter your pro rata share of QEZE partnership

income included in business income before

Need help?

allocation on your New York State corporation

tax return .................................................................... a.

Internet access:

b. Enter your business allocation percentage as calculated

(for information, forms, and publications)

on your New York State corporation tax return .......... b.

c. Multiply line a by line b ............................................... c.

Fax-on-demand forms: 1 800 748-3676

d. Enter your pro rata share of QEZE partnership

income included in investment income before

Telephone assistance is available from 8:00

to 5:00

A.M.

P.M.

allocation on your New York State corporation

(eastern time), Monday through Friday.

tax return .................................................................... d.

To order forms and publications:

1 800 462-8100

e. Enter your investment allocation percentage as

Business Tax Information Center:

1 800 972-1233

calculated on your New York State corporation

From areas outside the U.S. and outside Canada:

(518) 485-6800

tax return .................................................................... e.

f. Multiply line d by line e ............................................... f.

Hearing and speech impaired (telecommunications device for the deaf

(TDD) callers only): 1 800 634-2110 (8:00

to 5:00

eastern time).

A.M.

P.M.

g. Add line c and line f; enter here and on line 14-B ...... g.

Persons with disabilities: In compliance with the Americans with

Line 14-C — Enter your entire net income allocated to New York

Disabilities Act, we will ensure that our lobbies, offices, meeting

State if the tax on line 14-A was computed on entire net income.

rooms, and other facilities are accessible to persons with disabilities.

Enter your minimum taxable income for Article 9-A, alternative

If you have questions about special accommodations for persons

entire net income for Article 32, or entire net income plus

with disabilities, please call 1 800 972-1233.

compensation for Article 33 if the tax on line 14-A was computed

If you need to write, address your letter to: NYS Tax Department,

on one of these bases.

Business Tax Information Center, W A Harriman Campus, Albany NY 12227.

Instructions For Form Ct-604-Cp - Claim For Qeze Credit For Real Property Taxes And Qeze Tax Reduction Credit For Corporate Partners - 2003 Page 2

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