Form Ct-1120u - Unitary Corporation Business Tax Return Instructions

Line 13 - Enter the value of any capital gain realized from the sale of

No. 101

Name of Depositor

Date

Street Address

any land or interest in land, to the state, any political subdivision of

City, State, Zip Code

the state, or to any nonprofit land conservation organization where

Pay to the

Order of

the land is to be permanently preserved as protected open space or

to a water company, as defined in Conn. Gen. Stat. §25-32a, where

the land is to be permanently preserved as protected open space

Name of your Bank

or as Class I or Class II water company land.

Street Address

City, State, Zip Code

Line 14 - Enter the federal bonus depreciation recovery amount

from Form CT-1120 ATT, Schedule J, Line 14.

092125789

091 025 025413

0101

Line 15 - Enter the amount of exceptions to interest add back

as reported on Form CT-1120AB, Part II A, Line 1.

Routing Number

Account Number

Line 16 - Enter the amount of exceptions to interest add back as

Enter the nine-digit bank routing number and the bank account

reported on Form CT-1120AB, Part II A, Line 2.

number in Lines 10d and 10e. The bank routing number is normally

the first nine-digit number printed on the check or savings withdrawal

Line 17 - Enter the amount of exceptions to interest add back as

reported on Form CT-1120AB, Part II A, Line 3.

slip. The bank account number generally follows the bank routing

number. Do not include the check number as part of the account

Line 18 - Enter the amount of exceptions to the add back of intangible

number. Bank account numbers can be up to 17 characters.

expenses paid to a related member as reported on Form CT-1120AB,

Part II B, Line 1.

If any of the bank information supplied for direct deposit does not

match, or the applicable bank account is closed prior to the deposit

Line 20 - Enter any other income deduction. Attach an explanation.

of the refund, the refund will automatically be mailed.

•

Enter the amount of contributions to a manufacturing

Line 10f - Federal banking rules require DRS to request information

reinvestment account.

about foreign bank accounts when the taxpayer requests the direct

•

Include the amount received from a related member attributable

deposit of a refund into a bank account. If the refund is to be

to intangible expenses and costs or to interest expenses and

deposited into a bank account outside of the United States, DRS

costs, provided such income was:

will mail the refund.

•Included on Schedule D, Line 1 of this return;

Line 10 - Add Line 10a and Line 10b.

•Received from a related member who filed a Connecticut

Schedule D - Computation of Net Income

corporation business tax return for the same income year; and

Line 1 - Enter the total federal taxable income (loss) before net

•Required to be added back by the related member under Conn.

operating loss and special deductions of all the companies that are

Gen. Stat. §§12-218c or 12-218d and was not entitled to an

included in the Connecticut unitary group.

exception of the add back.

Line 2 - Enter the total interest income exempt from federal taxation

Line 22 - Subtract Line 21 from Line 10. Enter the result here and

of all companies included in the Connecticut unitary group.

on Schedule A, Line 1.

Line 3 - Enter the total unallowable deduction for corporation

Schedule E - Computation of Minimum Tax Base

business tax of all companies included in the Connecticut unitary

In calculating the capital base, intercompany stock holdings should

group.

be eliminated.

Line 4 - Enter the total interest expense paid to related members

Line 1 - Enter the beginning (Column A) and ending (Column B)

from Form CT-1120AB, Part I A, Line 1.

values of the issued and outstanding capital stock including treasury

Line 5 - Enter the total intangible expense paid to related members

stock at par or face value, fractional shares, scrip certificates, and

from Form CT-1120AB, Part I B, Line 3.

payments on subscriptions. See federal Form 1120, Schedule L,

Line 6 - Enter the amount of the federal bonus depreciation allowed

Line 22a and Line 22b.

under IRC §168(k) and claimed on federal Form 4562, Depreciation

Line 2 - Enter the beginning (Column A) and ending (Column B)

and Amortization.

values of paid-in or capital surplus, including retained earnings. Any

Line 8 - Enter the IRC §199 domestic production activities

deficit must be reported as a negative number. See federal Form

deduction from federal Form 1120, Line 25.

1120, Schedule L, Lines 23, 24, and 25.

Line 9 - Enter any other income amount. Attach an explanation.

Line 3 - Enter the beginning (Column A) and ending (Column B)

Include the applicable amount of distributions from a manufacturing

values of all surplus reserves. Attach a schedule of all surplus

reinvestment account (MRA). Enter: a) 50% of distributions from

reserves to support the amounts shown on Line 3.

an MRA to the extent they are used for qualifying purchases; b)

A reserve is an amount set aside or deducted from current or

100% of distributions from an MRA to the extent they are used for

retained earnings for meeting future liabilities.

non-qualifying purchases; and c) 100% of the money remaining in

Line 4 - Add Lines 1, 2, and 3 in both Column A and Column B. Enter

an MRA account that is returned to you after the five year period.

in Column C the average of Column A and Column B.

Line 11 - Enter the dividend deduction calculated on Form CT-1120

ATT, Schedule I, Line 5.

Line 12 - Enter the amount of any available capital loss carryover not

deducted in computing federal capital gain. This amount is limited

to the amount of the capital gain reported on the federal return as

provided in Conn. Gen. Stat. §12-217.

Form CT-1120U Instructions (Rev. 12/13)

Page 5 of 6

Form Ct-1120u - Unitary Corporation Business Tax Return Instructions - 2013 Page 5

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