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Instructions

Page 4 of 4 CT-3-C (2011)

In this case you must show your 2012 tax year on the 2011 return and

Form CT-1, Supplement to Corporation Tax

take into account any tax law changes that are effective for tax years

Instructions

beginning after December 31, 2011.

See Form CT-1 for the following topics:

All filers must complete the beginning and ending tax year boxes in the

• Changes for the current tax year (general and by Tax Law Article)

upper right corner on page 1 of the form.

• Business information (how to enter and update)

Line instructions

• Entry formats

Complete Schedules B through E before completing Schedule A.

— Dates

Obtain the DISC information for Schedules B through E from the DISC

— Negative amounts

information report, Form CT-3-B.

— Percentages

Schedule A —

Compute a tax for each taxable base (Parts 1

— Whole dollar amounts

through 5) and if applicable, transfer the amounts to Form CT-3. The tax

• Third-party designee

rates are listed in Form CT-3/4-I, Instructions for Forms CT-4, CT-3, and

CT-3-ATT.

• Paid preparer identification numbers

• Is your return in processible form?

Note: As stated above, stockholders included as part of combined

returns complete only certain lines of Schedule A and do not compute

• Use of reproduced and computerized forms

tax amounts.

• Electronic filing and electronic payment mandate

•

Part 1 — line 10. General business taxpayers — The rate of tax on

• Web File

the entire net income (ENI) base is 7.1% (.071).

• Form CT-200-V

Qualified small business taxpayers — The tax rate is 6.5% (.065)

• Collection of debts from your refund or overpayment

for taxpayers with entire net income base of $290,000 or less. The tax

rate is a blended rate between 6.5% and 7.1% (.071) for taxpayers

• Fee for payments returned by banks

with ENI base greater than $290,000. For tax rates, see Tax rates

• Reporting requirements for tax shelters

schedule in the general information section of Form CT-3/4-I. For

• Tax shelter penalties

the proper computation and definition of qualified small business

taxpayer, see Form CT-3/4-I, line 25 instructions for Form CT-3.

• Voluntary Disclosure and Compliance Program

Qualified New York manufacturers — The tax rate on the ENI base

• Your rights under the Tax Law

for a taxpayer that is a qualified New York manufacturer is 6.5%.

• Need help?

To see if you qualify as a qualified New York manufacturer, see

• Privacy notification

Form CT-3/4-I, line 165 instructions.

Enter the amount from this line on Form CT-3, line 72.

Who must file Form CT-3-C —

All corporate stockholders

• Part 2 — line 18. Enter the amount from this line on Form CT-3,

in domestic international sales corporations (DISCs) must file this

line 73. Qualified New York manufacturers do not enter more than

consolidated return when the DISC is exempt from tax under Tax Law

$350,000. All other taxpayers do not enter more than $1,000,000.

Article 9-A. The return must include information about the stockholder

To see if you qualify as a qualified New York manufacturer, see

and tax-exempt DISCs in which the stockholders own stock.

Form CT-3/4-I, line 164 instructions.

Required forms —

The tax-exempt DISC must complete and file

• Part 3 — line 26. The rate of tax on the minimum taxable income

Form CT-3-B, Tax-Exempt Domestic International Sales Corporation

(MTI) base is 1.5% (.015). Multiply the amount on line 25 by this

(DISC) Information Return. The stockholder of the DISC must complete

rate. For complete details, see Form CT-3/4-I, lines 42 through

and file Form CT-3-C and either Form CT-3, General Business

71 instructions for Form CT-3. Enter the amount from this line on

Corporation Franchise Tax Return, or Form CT-3-A, General Business

Form CT-3, line 71.

Corporation Combined Franchise Tax Return. Copies of the information

• Part 4 — line 41. For complete details, see Form CT-38, Schedule A

return for tax-exempt DISCs, Form CT-3-B, must accompany

instructions. Enter the amount from this line on Form CT-38, line 18.

Form CT-3-C.

• Part 5 — line 43. Enter the amount from this line on Form CT-3, line 77.

General instructions —

List names and employer identification

To determine the tax due, complete Form CT-3, lines 71 through 82.

numbers of the stockholder and DISCs in the spaces provided.

Schedule B — Computation of business allocation and

The information requested on this form may be found on Forms CT-3;

alternative business allocation percentage for MTI —

CT-3-ATT, Schedules B, C, and D — Attachment to Form CT-3; and

The

CT-38, Minimum Tax Credit, filed by the stockholder; and CT-3-B, filed

receipts factor is the business allocation percentage (BAP) and the

by the tax-exempt DISC. When the tax period of the DISC differs from

alternative BAP.

that of its stockholder, the period of the DISC that ends within the

DISC columns — Enter at the top of each column the percentage

period of the stockholder is consolidated on Form CT-3-C.

owned, based on issued and outstanding capital stock. Enter the

Stockholder of tax-exempt DISC included as part of

stockholder’s attributable share of amounts reported by the DISC on

Form CT-3-B.

combined return —

If the stockholder of a tax-exempt DISC files as

a part of a combined group, it does not file Form CT-3. However, the

Column B — Intercorporate eliminations — You must base

stockholder should record its own information on Schedules B through

intercorporate eliminations on the respective reporting periods of

E as if it had filed Form CT-3 (obtain instructions for specific lines from

the stockholders and the DISCs. Attach a statement explaining all

Form CT-3-A-I, Instructions for Forms CT-3-A, CT-3-A/ATT, and CT-3-B,

intercorporate eliminations.

under Line instructions for Forms CT-3-A and CT-3-A/B. Then, only

• Schedule B — Eliminate intercorporate business receipts.

carry information to Schedule A for lines 1, 4, 8, 11, 14, 19, 21, 24, 27,

29, 32, and 42. Such information will then be listed on Form CT-3-A for

• Schedule E — Eliminate deemed and actual dividends received from

the stockholder.

DISCs to the extent included in ENI. Also eliminate intercorporate

assets and liabilities.

Reporting period —

Use this tax return for calendar year 2011

and fiscal years that begin in 2011 and end in 2012.

You can also use the 2011 return if:

• you have a tax year of less than 12 months that begins and ends in

2012, and

• the 2012 return is not yet available at the time you are required to file

the return.

50204110094

Form Ct-3-C - Consolidated Franchise Tax Return For Corporate Shareholders Of Tax-Exempt Domestic International Sales Corporations (Discs) - 2011 Page 4

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