Form Ct-32 - Banking Corporation Franchise Tax Return - 2014 Page 5
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11Page 4 of 10 CT-32 (2014)
Schedule D — Computation of taxable assets and tax rate
(see instructions)
70 Average value of total assets
................................................................................
70
(see instructions)
71 Money or other property received from the FDIC, FSLIC, or RTC
.......................
71
(see instructions)
72 Taxable assets
...................................................................................... 72
(subtract line 71 from line 70)
73 Allocated taxable assets:
%
(multiply line 72 by
from line 161 or line 153;
...................................................................................
73
enter here and on Schedule A, next to line 3)
Net worth on last day of the tax year
74 Compute net worth ratio
:
(see instructions)
=
Total assets on last day of the tax year
............. 74
%
Average quarterly balance of mortgages =
75 Compute percentage of mortgages
Average quarterly balance of total assets
......... 75
%
included in total assets
:
(see instructions)
Tax rates
Use the chart below to determine your tax rate. This rate must be used to compute the alternative minimum tax
measured by taxable assets. You must meet both the net worth ratio and percentage of mortgages included in the
total assets requirements to qualify for the lower tax rates.
Mark an X in the appropriate box in the last column and use this rate on line 3.
If the net worth ratio
And the % of mortgages
The
Indicate the
(from line 74) is:
included in total assets
tax
appropriate
(from line 75) is:
rate is:
rate
Less than 4%
33% or more
.00002
At least 4% but less than 5%
33% or more
.00004
All others
All others
.0001
Schedule E — Depreciation on certain property when method differs from federal
(see instructions)
Part 1 — Depreciation on qualified New York property acquired between January 1, 1964, and December 31, 1967
(list each property
and the date acquired here; for each property, complete columns C through H on the corresponding lines below; see instructions)
A
B
Item
Description of property
Date acquired
A
B
C
D
E
C
D
E
F
G
H
Item
Cost
Federal depreciation
Federal depreciation
New York depreciation New York depreciation
Undepreciated
prior years
this year
prior years
this year
balance
A
B
C
D
E
Totals
76 Add column E amounts
Combine this total with line 78, and enter on line 28.
77 Add column G amounts
Combine this total with line 82, and enter on line 60.
420004140094
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form Ct-32-a/b - Combined Group Detail Spreadsheet Attachment To Form Ct-32-a, Banking Corporation Combined Franchise Tax Return - 2014
Financial
Form Ct-32-a/c - Report By A Banking Corporation Included In A Combined Franchise Tax Return - 2014
Financial
Related Categories
Parent category: Financial