Form Ct-604 - Claim For Qeze Tax Reduction Credit - 2014 Page 7
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7CT-604 (2014) Page 7 of 7
Schedule L – QEZE tax reduction credit
(New York S corporations do not complete Schedule L; see instructions)
Part 1 – Computation of QEZE tax reduction credit
50 Tax year of the business tax benefit period
; benefit period factor
............ 50
(see instructions)
51 Employment increase factor
............................................................................................ 51
(from line 43)
52 Zone allocation factor
52
....................................................................................................
(from line 49)
53 Tax factor
53
.................................................................................................................
(see instructions)
54 QEZE tax reduction credit
54
.............................................
(multiply line 50 by line 51 by line 52 by line 53)
Part 2 – Application of QEZE tax reduction credit
(see instructions)
55 Enter your franchise tax before credits
55
...................................................................
(see instructions)
56 Tax credits claimed before the QEZE tax reduction credit
(if applying multiple credits on your
56
...................................................................................................
franchise tax return, see instructions)
57 Subtract line 56 from line 55..............................................................................................................
57
58 Enter appropriate tax:
Article 9-A – If line 49 equals 1.0, enter 0. If line 49 is less than 1.0, enter your fixed dollar minimum tax
Article 32 and 33 – Enter 250
Article 33 combined – Multiply number of taxable filers in combined group by 250 ..........................
58
59 Credit limitation
59
.......................................................................................
(subtract line 58 from line 57)
60 QEZE tax reduction credit used
...............................................................................
60
(see instructions)
Schedule M – Related entities
List the names and EINs of any related business entities. Attach additional sheets if necessary.
See Related persons in the instructions to determine if an entity is related.
Name
EIN
464007140094
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