Form Nyc-2 - Business Corporation Tax Return - 2017 Page 3
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NAME
EIN
Form NYC-2 - 2017
Page 3
SCHEDULE C - Computation of Tax on Capital Base
Part 1 - Computation of Total Business Capital
Basis used to determine average value in column C. Check one. (Attach detailed schedule.)
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COLUMN A
COLUMN B
COLUMN C
- Annually
- Semi-annually
- Quarterly
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Beginning of Year
End of Year
Average Value
- Monthly
- Weekly
- Daily
1. Total assets from federal return ...............................................1.
2. Real property and marketable securities included in line 1 ............2.
3. Subtract line 2 from line 1 .................................................................3.
4. Real property and marketable securities at fair market value ......4.
5. Adjusted total assets (add lines 3 and 4) .........................................5.
6. Total liabilities (see instructions) ........................................................6.
7. Total capital (subtract line 6, column C, from line 5, column C) ............................................................................................. 7.
8. Investment capital (from Schedule D, line 4; if zero or less, enter 0) ............................................................................ 8.
9. Business capital (subtract line 8 from line 7)....................................................................................................................... 9.
10. Addback of capital previously reported as investment capital (from Schedule D, line 5, column C; if zero or less, enter 0) 10.
11. Total business capital (add lines 9 and 10) (see instructions) ....................................................................................... 11.
%
12. Business allocation percentage (from Schedule F, line 5; if not allocating, enter 100%) .................................................. 12.
COLUMN A
COLUMN B
Part 2 - Computation of Liabilities Attributable to Investment Capital and Within Business Capital
1. Total liabilities (Schedule C, Part 1, line 6) (see instructions) ..........................................1.
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2. Liabilities directly attributable to investment capital (Form NYC-2.1, Schedule E,
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Part 4, Column G, line 4) (see instructions) .....................................................................................2.
3. Liabilities directly attributable to business capital .........................................................................3.
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4. Total liabilities directly attributable (add lines 2 and 3) ..............................................................4.
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5. Total liabilities indirectly attributable (subtract line 4 from line 1) ................................................5.
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6. Average FMV of investment capital before subtraction of liabilities attributable
(Form NYC-2.1, Schedule E, Part 4, Column F, line 4) (see instructions) .................................6.
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7. Average FMV of adjusted total assets (Schedule C, Part 1, line 5) (see instructions)............. 7.
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8. Investment capital factor (divide line 6 by line 7) .................................................................. 8.
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9. Liabilities indirectly attributable to investment capital (multiply line 5 by line 8) ............... 9.
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10. Average FMV of business capital before subtraction of liabilities attributable
(subtract line 6 from line 7)....................................................................................................... 10.
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11. Liabilities indirectly attributable to business capital (subtract line 9 from line 5) ............ 11.
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12. Liabilities directly and indirectly attributable to business capital (add lines 3
and 11; if this line 12 exceeds line 10, STOP and do not go further) (see instructions) ........ 12.
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13. Liabilities directly attributable to Insurance and Utility Capital .......................................13.
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14. Liabilities directly attributable to General Business Capital ...........................................14.
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15. Average FMV of Insurance and Utility Capital before subtraction of liabilities attributable .........15.
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16. Insurance and Utility Capital factor (divide line 15 by line 10) .......................................16.
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17. Liabilities indirectly attributable to Insurance and Utility Capital (multiply line 16 by line 11) ........17.
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18. Liabilities attributable to Insurance and Utility Capital (add lines 13 and 17) ................18.
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19. Net Insurance and Utility Capital (subtract line 18 from line 15 and add any negative value
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from line 22, if this line 19 has a positive value without such addition) (see instructions)...19.
20. Allocated Insurance and Utility Capital (multiply line 19 by the business allocation
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percentage from Schedule F, line 5. ..............................................................................20.
21. Liabilities attributable to General Business Capital (subtract line 2, line 9,
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line 13 and line 17 from line 1) ......................................................................................21.
22. Net General Business Capital (subtract line 15 and line 21 from line 10, add any
amount on Schedule C, Part 1, line 10 and add any negative value from line 19,
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if this line 22 has a positive value without such addition) (see instructions) ..................22.
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