Form Nyc-9.7 - Ubt Paid Credit Subchapter S General Corporations - 2017
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2- 9.7
2017
U B T PA I D C R E D I T
TM
S U B C H A P TE R S G E N E R A L C O R P O R ATI O N S
Department of Finance
ATTACH TO FORM NYC-3L OR NYC-3A
For CALENDAR YEAR 2017 or FISCAL YEAR beginning _________________________ 2017 and ending ____________________________________
Name as shown on NYC-3L or NYC-3A
EMPLOYER IDENTIFICATION NUMBER
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SCHEDULE A
1a. Add total of amounts from Schedule B, line 10, for all partnerships
with respect to which you are claiming a credit (see instructions) ......................1a.
1b. Enter amount from Schedule C, line 9.................................................................1b.
1c. Total of 1a and 1b. ...............................................................................................1c.
FOR TAXPAYERS LIABLE FOR GCT ON ENTIRE NET INCOME t
t
2. Tax from Form NYC-3L or NYC-3A, Schedule A, line 1 (see inst.)
2.
....................................
3. Multiply line 2 by 4/8.85
3.
........................................................................................................
4. UBT PAID CREDIT - Enter the lesser of line 1c and line 3 and transfer amount
to Form NYC-3L, Schedule A, line 7 or Form NYC-3A, Schedule A, line 9 .............. 4.
t FOR TAXPAYERS LIABLE FOR GCT ON ENTIRE NET INCOME PLUS SALARIES AND OTHER COMPENSATION t
5.
Multiply line 1c by .3319 ....................................................................................................................5.
6. Tax from Form NYC-3L or NYC-3A, Schedule A, line 3 .................................................................. 6.
7. UBT PAID CREDIT - Enter the lesser of line 5 and line 6 and transfer amount to
Form NYC-3L, Schedule A, line 7 or Form NYC-3A, Schedule A, line 9 ......................................... 7.
SCHEDULE B
A separate Schedule B must be completed for each partnership with respect to which you are claiming this credit.
If more than one Schedule B is used, please state number of additional schedules attached: _________
Name of partnership from which you received a distributive share or guaranteed payment (distributing partnership)
EMPLOYER IDENTIFICATION NUMBER OF DISTRIBUTING PARTNERSHIP
t
Unincorporated business tax paid by distributing partnership (from Form NYC-204, Sch. A, line 23) .. 1.
1.
Credits taken by distributing partnership on its own return (from Form NYC-204,
2.
Schedule A, lines 20 and 22a through 22e) (see instructions) ....................................................... 2.
3.
Total of lines 1 and 2
..................................................................................................................... 3.
4.
Your distributive share percentage with respect to the distributing partnership
(from distributing partnership’s Form NYC-204, Schedule C. Attach copy) ......................................4.
5.
Multiply line 3 by the percentage on line 4 ........................................................................................ 5.
6. Tax from Form NYC-3L or NYC-3A, Schedule A, line 1 (modified if necessary - see instr.) ............ 6.
Tax from pro forma Form NYC-3L or NYC-3A, Schedule A, line 1 (see instructions) ..................... 7.
7.
8.
Subtract line 7 from line 6 ................................................................................................................ 8.
Multiply line 8 by 4/8.85 (see instructions)........................................................................................ 9.
9.
10. Enter lesser of line 5 and line 9 ..................................................................................................... 10.
SCHEDULE C
COMPLETE SCHEDULE C IF YOU HAVE UBT PAID CREDITS FROM PRECEDING YEARS THAT YOU MAY CARRY FORWARD TO 2018
APPLICABLE YEAR
COLUMN A
COLUMN B
COLUMN C
Credit Carryforward to 2018.
Credit Available in 2017
Column A Minus Column B
(if less than zero, enter “0”)
1. Current year
2. 7th preceding year
3. 6th preceding year
4. 5th preceding year
5. 4th preceding year
6. 3rd preceding year
7. 2nd preceding year
8. 1st preceding year
9. Total Column A, lines 2 through
8 (enter on Sch. A, line 1b)..........9.
31011791
NYC-9.7 2017
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