Form Nyc-2 - Business Corporation Tax Return

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NAME

EIN

Form NYC-2 - 2017

Page 2

SCHEDULE B - Computation of Tax on Business Income Base

Federal taxable income (FTI) before net operating loss (NOL) and special deductions (see instructions). 1. _________________________

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

States NOT included on line 1 by alien corporations ................................................................................ 2. _________________________

Any other income not included on line 1 which is exempt by treaty from federal income tax but would otherwise be

treated as effectively connected with the conduct of a trade or business in the United States by alien corporations .3. ____________________________

Dividends not included on line 1 by non-alien corporations ......................................................................4. _________________________

Interest on federal, state, municipal and other obligations not included on line 1 by non-alien corporations ....5. _____________________________

Income taxes paid to the US or its possessions deducted on federal return ........................................................6. ____________________________

NYS Franchise Tax, including MTA taxes and other business taxes deducted on the federal return (see inst; attach rider)....7. ____________________________________

NYC Corporate Taxes deducted on federal return (see instructions) ...........................................................8. _________________________

Adjustments relating to employment opportunity relocation cost credit and IBZ credit ................................9. ____________________________

10.

Adjustments relating to real estate tax escalation credit .............................................................................10. _________________________

11.

ACRS depreciation and/or adjustments (attach Form NYC-399 and/or NYC-399Z)...................................11. _________________________

12.

Payment for use of intangibles ....................................................................................................................12. _________________________

13.

Domestic production activities deduction (see instructions) ........................................................................13. _________________________

14.

Other additions (see instructions; attach rider)............................................................................................14. _________________________

15.

Total of lines 1 through 14 ...........................................................................................................................15. _________________________

16.

Gain on sale of certain property acquired prior to 1/1/66 (see instructions) ...............................................16. _________________________

17.

NYC and NYS tax refunds included in line 15 (see instructions) ................................................................17. _________________________

18.

Wages and salaries subject to federal jobs credit (see instructions)...........................................................18. _________________________

19.

Depreciation and/or adjustment calculated under pre-ACRS or pre - 9/11/01 rules (attach Form NYC-399

and/or NYC-399Z; see instructions) ............................................................................................................19. _________________________

20.

Other subtractions (see instructions) (attach rider) .....................................................................................20. _________________________

21.

Total subtractions (add lines 16 through 20)................................................................................................21. _________________________

22.

Net modifications to federal taxable income (subtract line 21 from line 15)................................................22. _________________________

23.

.. 23. _________________________

Subtraction modification for qualified banks and other qualified lenders

(from Form NYC-2.2, Schedule A, line 1; see instructions)

24.

Entire net income (ENI) (subtract line 23 from line 22) .............................................................................. 24. _________________________

25.

Investment and other exempt income (from Form NYC-2.1, Schedule D, line 1)...................................... 25. _________________________

26.

Entire net income less investment and other exempt income.................................................................... 26. _________________________

27.

Excess interest deductions attributable to investment income, investment capital and other

exempt income (from Form NYC-2.1, Schedule D, line 2)......................................................................... 27. _________________________

28.

Business income (add lines 26 and 27) ..................................................................................................... 28. _________________________

29.

Addback of income previously reported as investment income (from Form NYC-2.1, Schedule F,

line 6; if zero or less, enter 0; see instructions)......................................................................................... 29. _________________________

30.

Business income after addback (add lines 28 and 29) ..............................................................................30. _________________________

31.

Business allocation percentage (from Schedule F, line 5).......................................................................... 31. _________________________

32a. Allocated business income after addback (multiply line 30 by line 31) .................................................... 32a. _________________________

32b. If the amount on line 32a is not correct, enter correct amount here and explain in rider (see instructions)........32b. _____________________________

33.

Prior net operating loss conversion subtraction (from Form NYC-2.3, Schedule C, line 4)....................... 33. _________________________

34.

Allocated business income less prior net operating loss conversion subtraction (see instructions) .......... 34. _________________________

35.

Net operating loss deduction (from Form NYC-2.4, line 6) ........................................................................ 35. _________________________

36.

Business income base (subtract line 35 from line 34)................................................................................ 36. _________________________

37.

Tax rate (see instructions)........................................................................................................................... 37. _________________________

38.

Tax on business income base (multiply line 36 by line 37 and enter here and on Schedule A, line 1) ..... 38. _________________________

Note: If you make an entry on line 23, 25, 27, 29, 33 or 35, you must complete and file the appropriate attachment form.

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