Form Ct-3/4-I - Instructions For Forms Ct-4, Ct-3, And Ct-3-Att - General Business Corporation Franchise Tax Returns - 2006 Page 12
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14Page 26 of 29 CT-3/4-I (2006)
Line instructions for Form CT-3-ATT
Other additions
in service). To compute the New York deduction, use net book value, the
straight-line depreciation method, a 20-year life, and a salvage value of zero.
Line 44 — Enter the amount deducted on your federal return for
depreciation of transition property. Transition property is defined on page 25.
For qualified power producers, net book value is the cost of your transition
property minus the accumulated depreciation shown on your books and
Other subtractions
records, and determined in accordance with GAAP.
Line 45 — In place of the federal depreciation deduction entered on line 44,
For qualified pipeline corporations, net book value is the cost of your
compute a New York depreciation deduction by treating all of your transition
transition property minus the accumulated depreciation shown on your
property as a single asset placed in service on the first day of the tax year
books and records, and determined in accordance with the regulatory
that ends in 2000. The New York State basis for depreciation is the net
reports filed with the Federal Energy Regulatory Commission or the
book value of your transition property on the first day of the federal tax year
New York State Department of Public Service.
that ends in 2000 (or on the later date in 1999 that the property is placed
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