Form Nyc-2.3 - Prior Net Operating Loss Conversion (Pnolc) Subtraction

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- 2.3
PRIOR NET OPERATING LOSS
CONVERSION (PNOLC) SUBTRACTION
31811791
TM
Department of Finance
You MUST attach this form to Form NYC-2 or NYC-2A for each tax period for
which you or any member of the combined group claim a PNOLC subtraction
or carry a PNOLC subtraction balance
NYC-2A filers: Enter the total number of members in the combined group in the current tax period (see instructions)..A.
A.
NYC-2A filers: Have there been any changes to the composition of the group of corporations included in this Combined
B.
Business Corporation return from the prior tax period. If “YES,” please check “YES” and complete schedules Schedule D and/or E
on page 2 providing the name, EIN and amount of PNOLC that any corporation which has left the group has taken with them or
the name, EIN and amount of PNOLC that any corporation which has entered the group brought with them. (see instructions)............B.
YES
NO
SCHEDULE A - PNOLC subtraction pool detail and tax period allotment (see instructions)
Part 1 – (see instructions)
1.
Unabsorbed net operating loss (UNOL)........................................................................................................1.
2.
Base year business allocation percentage (BAP) ........................................................................................ 2.
%
3.
Base year tax rate ........................................................................................................................................ 3.
%
Tax value of UNOL (multiply line 1 by line 2 by line 3) ......................................................................................... 4.
4.
PNOLC subtraction pool (divide line 4 by 8.85% or 9.0% (0.0885 or 0.09)).................................................................... 5.
5.
Part 2 – All filers: Complete all information for each tax period. NYC-2A filers: Enter all requested information in each column for each combined
member that was in the group for the tax period. (see instructions)
A
B
C
D
E
F
G
H
NYC-2 filers or NYC-2A combined members
Tax period PNOLC
Remaining PNOLC
Tax
PNOLC
Base year
PNOLC
subtraction allotment
subtraction pool
UNOL
period
subtraction
end date
subtraction pool
(column E X
[column E - (column C
Name
EIN
count
allotment %
column F)
X column G)]
A
B
C
D
E
F
G
H
Totals from attached sheet(s)...............................................................................................
1.
Totals...........................................................................................................................
SCHEDULE B - Overall limitation on PNOLC subtraction (see instructions)
Allocated business income after addback for the current tax period (from Form NYC-2 or NYC-2A,
1.
Schedule B, line 32a or line 32b; if zero or less, enter 0 on line 5) ............................................................. 1.
2.
Multiply line 1 by your appropriate business income base tax rate for the current tax period from Schedule H
Determination of Tax Rate in Form NYC-2 or NYC-2A (round the result up to the next highest whole dollar) ... 2.
Greater of the capital base tax or the minimum tax for the current tax period (from Form
3.
NYC-2 or NYC-2A, Schedule A, line 2 or 3)................................................................................................. 3.
Subtract line 3 from line 2 (if zero or less, enter 0) ...................................................................................... 4.
4.
5.
Maximum amount of the PNOLC subtraction to be deducted in the current tax period (if line 4 is zero,
enter 0; otherwise divide line 4 by the same business income base tax rate used for line 2) .................... 5.
31811791
NYC-2.3 - 2017 - Rev 12.21.2017

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