Form Ct-502 - Temporary Deferral Refundable Payout Credit - 2014 Page 2
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2Page 2 of 2 CT-502 (2014)
Lines 8, 10, and 11 – Enter on line 8 the lesser of line 2 or
Line instructions
line 7. Enter the amounts from lines 8, 10, and 11 on your
franchise tax return.
Schedule A – Computation of credit
Line 12 – You will need this amount to complete your 2015
Lines 3 and 6 entries table
Form CT-502.
Section 1
Franchise tax
Enter on line 3 any net
Enter on line 6 the
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return filed
recaptured tax credits plus
amount below
the amount from
See Form CT-1, Supplement to Corporation Tax Instructions.
Form CT-183, line 4 plus
75
Forms CT-183 and
Form CT-184, line 3 or 4
CT-184
Form CT-185
Line 6
10
Form CT-186
Line 5
125
Form CT-3
Line 78
Line 74b
Form CT-3-A
Line 77
Line 74b
Form CT-3-S
Line 23
Line 23
Form CT-32
Line 5
250
Form CT-32-A
Line 5
250
Form CT-32-S
Line 10
250
Form CT-33
Line 11
250
Line 15
Form CT-33-A
Line 4 plus line 12
Form CT-33-NL
Line 5
250
Section 2
Tax return filed
Enter on line 3 any net
Enter on line 6 the
recaptured tax credits plus
amount below
the amount from
Form CT-186-E
Line 88
0
Form CT-186-P
Line 4
0
Enter your tax before credits using the Lines 3 and 6
–
Line 3
entries table above. The temporary deferral refundable payout
credit can be applied to taxes as computed on the forms listed in
the table above. However, the credit cannot be applied against
both a franchise tax return listed in Section 1 and a tax return
listed in Section 2.
If you are claiming more than one tax credit for this
–
Line 4
year, enter the amount of credits claimed before applying this
credit; otherwise, enter 0. You must apply certain credits before
the temporary deferral refundable payout credit. Refer to the
instructions of your franchise tax return to determine the order of
credits that applies.
Article 9-A filers: Refer to Form CT-600-I, Instructions for
Form CT-600, for the order of credits.
If you are included in a combined return, include any amount
of tax credits being claimed by other members of the combined
group, including the temporary deferral refundable payout credit,
that you want to apply before your temporary deferral refundable
payout credit.
CT-33 and CT-33-A filers, including unauthorized insurance
corporations: Do not enter on this line any amount of empire
zone (EZ) wage tax credits, zone equivalent area (ZEA) wage
tax credits, or EZ capital tax credits you may be claiming. If you
are included in a combined return, do not include any amount
of these tax credits being claimed by other members of the
combined group.
Enter the amount using the Lines 3 and 6 entries table
–
Line 6
above.
536002140094
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Parent category: Financial