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CT-604-CP-I (2002) (back)

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

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

any amount of QEZE credit for real property taxes and QEZE tax

New York State use the following worksheet:

reduction credit that you are claiming that you wish to apply before

Worksheet A

the QEZE credit for real property taxes being claimed on this form.

a. Enter your pro rata share of QEZE partnership income

Line 7 - Article 9-A filers - Transfer the amount on this line to your

included in business income before allocation on your

franchise tax return. For Form CT-3, use the box labeled

New York State corporation tax return ..........................

Form CT-604 (enter amount from Form 604, line 29) under Recap

b. Enter your business allocation percentage as calculated

of credits claimed on line 79 against current year’s franchise tax. If

on your corporation tax return ......................................

you are filing Form CT-3-A, use the box labeled Form CT-604

c. Multiply line a by line b and enter here .........................

(line 29), under Recap of credits claimed on line 78 against current

year’s franchise tax.

d. Enter your pro rata share of QEZE partnership income

included in investment income before allocation on

Article 32 filers - Transfer the amount on this line to your franchise

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

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

e. Enter your investment allocation percentage as

Form CT-604 QEZE credit for real property taxes under Recap of

calculated on your corporation tax return .....................

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

f. Multiply line d by line e and enter here .........................

Article 33 filers - Transfer the amount on this line to your franchise

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

tax return. For Form CT-33, use the box labeled Form CT-604

QEZE credit for real property taxes, under Recap of tax credits

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

claimed against current year’s franchise tax return . If you are filing

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

Form CT-33-A, use the box labeled Form CT-604 QEZE credit for

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

real property taxes under Recap of tax credits claimed against

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

current year’s combined franchise tax return.

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

Line 9 - Enter the amount of line 8 that you wish refunded, and

computed on one of these bases.

transfer this amount to the appropriate line of your franchise tax

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

return.

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

Line 10 - Any amount of credit not being utilized or refunded may

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

be claimed as an overpayment of tax to be applied against the MTA

any amount of QEZE tax reduction credit that you are claiming that

surcharge or next year’s tax liability. Enter this amount on the

you wish to apply before the QEZE tax reduction credit being

appropriate line of your franchise tax return.

claimed on this form. Insurance corporations do not include EZ

Line 14-A - Article 9-A filers - Enter the larger of the tax on the

wage tax credit, EZ capital tax credit, or zone equivalent area

entire net income base or the tax on the minimum taxable income

(ZEA) wage tax credit on this line.

base from Form CT-3 or CT-3-A.

Line 21 - Article 9-A filers - Transfer the amount on this line to

Article 32 - Enter the larger of the tax on the entire net income

your franchise tax return. For Form CT-3, use the box labeled

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

Form CT-604 (enter amount from Form 604, line 43) under Recap

Form CT-32 or CT-32-A.

of credits claimed on line 79 against current year’s franchise tax. If

you are filing Form CT-3-A, use the box labeled Form CT-604

Article 33 - Enter the larger of the tax on the entire net income

(line 43), under Recap of credits claimed on line 78 against current

base or the alternative tax from Form CT-33 or CT-33-A.

year’s franchise tax.

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

Article 32 filers - Transfer the amount on this line to your franchise

income derived from the QEZE partnership allocated to New York

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

State. Partnership income means the partnership items of income,

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

gain, loss and deduction, and the associated New York

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

modifications included in:

Article 33 filers - Transfer the amount on this line to your franchise

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

tax return. For Form CT-33, use the box labeled Form CT-604

net income; or

QEZE tax reduction credit, under Recap of tax credits claimed

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

against current year’s franchise tax return. If you are filing

income for Article 32, or entire net income plus compensation

Form CT-33-A, use the box labeled Form CT-604 QEZE tax

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

reduction credit, under Recap of tax credits claimed against current

these bases.

year’s combined franchise tax return.

Privacy notification

The Commissioner of Taxation and Finance may collect and maintain personal information pursuant to the New York State Tax Law, including but not limited to, sections 171, 171-a,

287, 308, 429, 475, 505, 697, 1096, 1142, and 1415 of that Law; and may require disclosure of social security numbers pursuant to 42 USC 405(c)(2)(C)(i).

This information will be used to determine and administer tax liabilities and, when authorized by law, for certain tax offset and exchange of tax information programs as well as for any

other lawful purpose.

Information concerning quarterly wages paid to employees is provided to certain state agencies for purposes of fraud prevention, support enforcement, evaluation of the

effectiveness of certain employment and training programs and other purposes authorized by law.

Failure to provide the required information may subject you to civil or criminal penalties, or both, under the Tax Law.

This information is maintained by the Director of Records Management and Data Entry, NYS Tax Department, W A Harriman Campus, Albany NY 12227; telephone 1 800 225-5829.

From areas outside the United States and outside Canada, call (518) 485-6800.

Need help?

Business tax information: 1 800 972-1233

Forms and publications: 1 800 462-8100

From areas outside the U.S. and outside Canada: (518) 485-6800

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