Form Ct-44 - Claim For Investment Tax Credit For The Financial Services Industry - 2014 Page 2
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4Page 2 of 4 CT-44 (2014)
Part 3 – 90% end-of-year test
Computation of percentage of employees
(see instructions)
in New York State for the current tax year
A
B
C
D
E
Current tax year
March 31
June 30
September 30 December 31
Total
Number of employees in
New York State
5a Average number of employees in New York State during the current tax year
................
5a
(divide column E by four)
5b Number of employees in New York State on the last day of your first tax year in which you were subject to tax in
New York State
.............................................................................
5b
(taxpayers subject to tax in 1998 see instructions)
6 Percentage of employees in New York State for the current tax year
.............................
6
%
(divide line 5a by line 5b)
Does the percentage on line 6 equal or exceed 90%? ....................................................................................Yes
No
If Yes, continue with Part 4.
If No, you do not qualify using the 90% end-of-year test.
Part 4 – Computation of ITC
(see instructions)
A
B
C
D
E
F
Description of property
Principal use
Date
Life
Investment
ITC
acquired
credit base
(column E × appropriate rate;
(years)
see Rate schedule 1 )
Amount from attached list ...........................................................................................................................
7 Total
(add column F amounts; enter here and on line 18) ..........................................................................
7
Rate schedule 1 – ITC rates to be used in Schedule A, Part 4
5% (.05) on first $350,000,000 of investment credit base
4% (.04) on excess of $350,000,000 of investment credit base
A New York S corporation must compute its ITC at the rate of 4% (.04). The pro-rata share of the ITC will be allowed to each individual
shareholder.
451002140094
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