Form Et-706 - New York State Estate Tax Return - Department Of Taxation And Finance Page 3
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4ET-706 (3/14) Page 3 of 4
Before completing Schedule A or B, see instructions.
Schedule A – Computation of federal estate tax for NYS and maximum NYS credit for state death taxes
Note: References to lines on federal Form 706 are to the August 2013 version of that form, except as noted in Form ET-706-I.
20 Amount from federal Form 706, page 3, Part 5, line 11 ................................................................................ 20.
21 If the estate elected the qualified conservation easement exclusion on the federal estate tax return,
you may enter the amount of the qualified conservation easement exclusion claimed on federal
Form 706, page 3, Part 5, line 12, provided the land is located within 25 miles of a metropolitan
area, national park, or wilderness area, or within 10 miles of an Urban National Forest. ......................... 21.
22 Total gross estate, less exclusion, for NYS
.......... 22.
(subtract line 21 from line 20; also enter this amount on line 4)
23 Total allowable federal deductions
............................................ 23.
(from federal Form 706, page 3, Part 5, line 24)
24 Family-owned business interest deduction elected for NYS ........................................................................ 24.
25 Total allowable deductions for NYS
............................................................................... 25.
(add lines 23 and 24)
26 Taxable estate for NYS
;
26.
(subtract line 25 from line 22
enter here and on item b on the front page of this form) .........
27 Adjusted taxable gifts
................................................................ 27.
(from federal Form 706, page 1, Part 2, line 4 )
28 Add lines 26 and 27 ...................................................................................................................................... 28.
29 Tentative tax on line 28 amount
................................................................................ 29.
(from Table A on page 4)
30 Total federal gift tax payable
..................................................... 30.
(from Form ET-706-I, Line 30 worksheet, line 5)
31 Gross federal estate tax for NYS
31.
(subtract line 30 from line 29; enter here and on item c on the front page of this form)
32 Maximum NYS unified credit
............................................. 32.
(see Form ET-706-I; do not enter more than $345,800)
33 Adjustment to unified credit
, if any ............................................ 33.
(from federal Form 706, page 1, Part 2, line 10)
34 Allowable NYS unified credit
............................................................................. 34.
(subtract line 33 from line 32)
35 Subtract line 34 from line 31
....................................................................................... 35.
(if zero or less, enter 0)
36 Amount of maximum NYS credit for state death taxes from Table B on page 4
(if more than the amount on
......................................................................................... 36.
line 35, enter the line 35 amount here and on line 1)
Schedule B – Computation of federal estate tax for NYS and maximum NYS credit for state death taxes
Note: References to lines on federal Form 706-NA are to the August 2013 version.
37 Amount from federal Form 706-NA, page 2, Schedule B, line 1 ................................................................... 37.
38 If the estate elected the qualified conservation easement exclusion on the federal estate tax return,
Form 706-NA, but the land is not located within 25 miles of a metropolitan area, national park, or
wilderness area, or within 10 miles of an Urban National Forest, enter the amount from federal
Form 706, page 28, Schedule U, line 20. ................................................................................................. 38.
39 Total gross estate, less exclusion, for NYS
;
............................... 39.
(add lines 37 and 38
enter here and on line 4)
40 Total federal deductions
................................................ 40.
(from federal Form 706-NA, page 2, Schedule B, line 8)
41 State death tax deduction
, if any ................................... 41.
(from federal Form 706-NA, page 2, Schedule B, line 7)
42 Total deduction for NYS
...................................................................................... 42.
(subtract line 41 from line 40)
43 Taxable estate for NYS
........ 43.
(subtract line 42 from line 39; enter here and on item b on the front page of this form)
44 Total taxable gifts
.................................................................. 44.
(from federal Form 706-NA, page 1, Part II, line 2)
45 Add lines 43 and 44 ...................................................................................................................................... 45.
46 Tax on line 45 amount
.............................................................................................. 46.
(from Table A on page 4)
47 Tax on line 44 amount
.............................................................................................. 47.
(from Table A on page 4)
48 Gross federal estate tax for NYS
48.
(subtract line 47 from line 46; enter here and on item c on the front page of this form)
49 Allowable NYS unified credit
............................................................................................... 49.
(see instructions)
50 Subtract line 49 from line 48
....................................................................................... 50.
(if zero or less, enter 0)
51 Amount of maximum NYS credit for state death taxes from Table B on page 4
(if more than the amount on
........................................................................................ 51.
line 50, enter the line 50 amount here and on line 1)
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