Looking for a New York State Form It-201 Templates? Download it for free!

Page 4 of 4 CT-33-A-I (2001)

Generally, these credits may not reduce the tax due below the

Schedule U — Computation of combined issuer’s

combined fixed dollar minimum tax. The combined minimum tax

allocation percentage

is the sum of the $250 minimum tax multiplied by the number of

Complete this schedule by entering for the parent and each

members, including the parent, in the combined group.

subsidiary, the individual New York premiums on line 57 and the

However, the retaliatory tax credits and the fire insurance

total premiums on line 58, as reported in the annual statement

premiums tax credit may further reduce the tax due to zero.

filed with the Superintendent of Insurance. Your failure to supply

Enter in the appropriate boxes the total amount of each tax

the information required may result in a $500 penalty under

credit claimed.

section 1085(o).

Line 70 — Enter the total amount of tax credits claimed on

Composition of prepayments

line 69 that are refund eligible. The retaliatory tax credits and

Line 65 — Enter on this line any prepayments from subsidiaries

the QEZE credit for real property taxes are the only credits that

listed on Form CT-33, line 130a.

are refund eligible under Article 33 of the Tax Law. Do not

include on this line any amount actually claimed as a refund on

Line 67 — Include the amount of retaliatory tax credits and the

line 32.

amount of QEZE credit for real property taxes (Form CT-604,

line 32) to be credited as an overpayment to next year’s return.

Privacy notification

Recap of tax credits claimed against current year’s

The Commissioner of Taxation and Finance may collect and

combined franchise tax return — see the instructions for

maintain personal information pursuant to the New York State Tax

line 12b and line 17.

Law, including but not limited to, sections 171, 171-a, 287, 308,

Line 68 — Enter the total EZ and ZEA tax credits, from the

429, 475, 505, 697, 1096, 1142, and 1415 of that Law; and may

appropriate line on the credit forms, that were claimed and used

require disclosure of social security numbers pursuant to

to reduce the tax due on line 12c. The amount of the EZ and

42 USC 405(c)(2)(C)(i).

ZEA tax credits may not reduce the tax due on line 12c below

This information will be used to determine and administer tax

the combined minimum tax. The combined minimum tax is the

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

sum of the $250 minimum tax multiplied by the number of

exchange of tax information programs as well as for any other

members, including the parent, in the combined return. Enter in

lawful purpose.

the appropriate boxes the total amount of the EZ and ZEA tax

Information concerning quarterly wages paid to employees is

credits claimed.

provided to certain state agencies for purposes of fraud prevention,

support enforcement, evaluation of the effectiveness of certain

Line 69 — Enter the total tax credits from the appropriate line

employment and training programs and other purposes authorized

on the credit forms, excluding the EZ and ZEA tax credits, that

by law.

were claimed and used to reduce the tax due on line 18. The

retaliatory tax credits and CAPCO credit should come from the

Failure to provide the required information may subject you to civil

appropriate line on Schedule I, Part III or Schedule L of the

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

attached Forms CT-33. There is no specific credit form for the

This information is maintained by the Director of the Registration

fire insurance premiums tax credit. Attach the Report of

and Data Services Bureau, NYS Tax Department, Building 8,

Premiums, including Supplementary Schedules I and II, when

Room 338, W A Harriman Campus, Albany NY 12227; telephone

claiming this credit.

1 800 225-5829. From areas outside the United States and

Canada, call (518) 485-6800.

Need help?

Hotline for the hearing and speech impaired:

Telephone assistance is available from 8:30 a.m. to

4:25 p.m. (eastern time), Monday through Friday.

1 800 634-2110 from 8:30 a.m. to 4:25 p.m. (eastern time),

Monday through Friday. If you do not own a

For business tax information, call the

telecommunications device for the deaf (TDD), check with

New York State Business Tax

independent living centers or community action programs

Information Center:

1 800 972-1233

to find out where machines are available for public use.

For general information:

1 800 225-5829

Persons with disabilities: In compliance with the

To order forms and publications:

1 800 462-8100

Americans with Disabilities Act, we will ensure that our

From areas outside the U.S. and

lobbies, offices, meeting rooms, and other facilities are

outside Canada:

(518) 485-6800

accessible to persons with disabilities. If you have

questions about special accommodations for persons

Fax-on-demand forms: Forms are

with disabilities, please call 1 800 225-5829.

available 24 hours a day,

7 days a week.

1 800 748-3676

If you need to write, address your letter to:

NYS TAX DEPARTMENT

TAXPAYER ASSISTANCE BUREAU

Internet access:

W A HARRIMAN CAMPUS

ALBANY NY 12227

Instructions For Form Ct-33-A - Insurance Corporation Combined Franchise Tax Return - 2001 Page 4

Related Articles

Related forms

Related Categories