Form Ct-32 - Banking Corporation Franchise Tax Return

Page 2 of 10 CT-32 (2014)

Schedule A – Computation of tax and installment payments of estimated tax

1 Allocated taxable entire net income (ENI)

(enter amount from

....................

× .071

line 61, and multiply by the tax rate of 7.1% (.071))

2 Allocated taxable alternative ENI from line 69

× .03

(see instructions)

3 Allocated taxable assets

(enter amount from line 73 .................................

.00002

.00004

.0001

....

and multiply by the appropriate tax rate; mark an X in the box; see instr.)

4 Fixed minimum tax .......................................................................................................................

250 00

5 Franchise tax

.....................................................

(amount from line 1, 2, 3, or 4, whichever is largest)

6 Tax credits

..........................................................................................................

(see instructions)

7 Net franchise tax

..........................................................

(subtract line 6 from line 5; see instructions)

First installment of estimated tax for next period:

8a If you filed an application for extension, enter amount from Form CT-5, line 2 ..........................

8b If you did not file Form CT-5 and line 7 is over $1,000, see instructions ....................................

9 Total

....................................................................................................

(add line 7 and line 8a or 8b)

10 Total prepayments from line 167 .................................................................................................

11 Balance

.........................................................

(if line 10 is less than line 9, subtract line 10 from line 9)

12 Estimated tax penalty

.........

(see instructions; mark an X in the box if Form CT-222 is attached)

13 Interest on late payment

....................................................................................

(see instructions)

14 Late filing and late payment penalties

...............................................................

(see instructions)

15 Balance due

........

(add lines 11 through 14 and enter here; enter payment amount on line A on page 1)

16 Overpayment

................................................

(if line 9 is less than line 10, subtract line 9 from line 10)

17 Amount of overpayment to be credited to the next period .........................................................

18 Balance of overpayment

...................................................................

(subtract line 17 from line 16)

19 Amount of overpayment to be credited to Form CT-32-M ..........................................................

20a Refund of overpayment

....................................................................

20a

(subtract line 19 from line 18)

20b Refund of unused tax credits

20b

.............................................................................

(see instructions)

20c Tax credits to be credited as an overpayment to next year’s tax return

.............

20c

(see instructions)

21 Issuer’s allocation percentage

................................

(see instructions; show computation on page 9)

Schedule B – Computation and allocation of ENI

22 FTI before NOL and special deductions

.............................................................

(see instructions)

Additions

23 Dividends and interest effectively connected with the conduct of a trade or business

not included on line 22 by alien corporations

................................................

(see instructions)

24 Income effectively connected with the conduct of a trade or business not included on

line 22 by alien corporations

..........................................................................

(see instructions)

25 Dividends and interest not included on line 22 by non-alien corporations

........

(see instructions)

26 Income taxes paid to the United States, its possessions, or foreign countries, deducted on

federal return

..................................................................................................

(see instructions)

27 New York State franchise, MTA surcharges, and Article 23 MCTMT taxes deducted on federal return

(see instr.)

28 Total federal depreciation from Form CT-399 and, if applicable, from lines 76 and 78

(see instr.)

29 New York State gains or losses on disposition of property from line 80 ......................................

30 Amount deducted on your federal return as a result of a safe harbor lease

......

(see instructions)

31 Amount that would have been required to be included on your federal return except for a

safe harbor lease

.............................................................................................

(see instructions)

32 Amount of special additional mortgage recording tax deducted on your federal return and

claimed as a tax credit

....................................................................................

(see instructions)

33 Any other federal deduction previously allowable as a deduction under Article 9-B or 9-C

.....................................................................................................................

(attach explanation)

36 Other additions

IRC section 199 deduction:

.....

(see instructions)

37 Total additions

..........................................................................................

(add lines 23 through 36)

(continued)

420002140094

Form Ct-32 - Banking Corporation Franchise Tax Return - 2014 Page 3

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