Form Nyc-2 - Business Corporation Tax Return - 2017 Page 7
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______________________________________
__________________________________
NAME
EIN
Form NYC-2 - 2017
Page 7
SCHEDULE H - DETERMINATION OF TAX RATE
A.
Enter the tax rate computed or used below (see instructions) ............................................................................A.
B.
Enter the line number of the tax rate computed or used below...........................................................................B.
Ca. Enter your unallocated business income from Schedule B, line 30 (see instructions) ......................................Ca.
Cb. If the amount on line Ca is not correct, enter correct amount here and explain in rider (see instructions) ......Cb.
D.
Enter your allocated business income from Schedule B, line 32a or 32b if used ...............................................D.
n
E.
If you are a Qualified Manufacturing Corporation mark an X in the box (see instructions).................................E.
TAX RATE COMPUTATION FOR BUSINESS CORPORATIONS NOT SPECIFIED BELOW ( see instructions)
1.
If unallocated business income (Schedule B, line 30) is less than $2M and allocated
6.50%
business income (Schedule B, line 32a or 32b if used) is less than $1M.
2.
If unallocated business income (Schedule B, line 30) is equal to or greater than $3M
8.85%
(regardless of the amount of allocated business income)
3.
If allocated business income (Schedule B, line 32a or 32b if used) is equal to or
8.85%
greater than $1.5M (regardless of the amount of unallocated business income)
4.
If unallocated business income (Schedule B, line 30) is equal to or greater than $2M
%
line 30 - 2,000,000
6.50% + (2.35% X
) =
but less than $3M and allocated business income (Schedule B, line 32a or 32b if
1,000,000
used) is less than $1M, use unallocated formula
5.
If unallocated business income (Schedule B, line 30) is less than $2M and allocated
%
line 32a or 32b - 1,000,000
6.50% + (2.35% X
) =
business income (Schedule B, line 32a or 32b if used) is equal to or greater than
500,000
$1M but less than $1.5M, use allocated formula
%
line 30 - 2,000,000
6.50% + (2.35% X
) =
1,000,000
6.
If unallocated business income (Schedule B, line 30) is equal to or greater than $2M
but less than $3M and allocated business income (Schedule B, line 32a or 32b if
%
line 32a or 32b - 1,000,000
used) is equal to or greater than $1M but less than $1.5M, compute tax rates using
6.50% + (2.35% X
) =
500,000
both formulas. Use the greater of the two computed tax rates.
Enter the greater of the two computed tax rates: _________ %
TAX RATE COMPUTATION FOR QUALIFIED MANUFACTURING CORPORATIONS (see instructions)
7.
If unallocated business income (Schedule B, line 30) is less than $20M and allocated
4.425%
business income (Schedule B, line 32a or 32b if used) is less than $10M
8.
If unallocated business income (Schedule B, line 30) is equal to or greater than $40M
8.85%
(regardless of the amount of allocated business income)
9.
If allocated business income (Schedule B, line 32a or 32b if used) is equal to or
8.85%
greater than $20M (regardless of the amount of unallocated business income)
10. If unallocated business income (Schedule B, line 30) is equal to or greater than $20M
%
line 30 - 20,000,000
4.425% + (4.425% X
) =
but less than $40M and allocated business income (Schedule B, line 32a or 32b if
20,000,000
used) is less than $10M, use unallocated formula
11. If unallocated business income (Schedule B, line 30) is less than $20M and allocated
%
line 32a or 32b - 10,000,000
4.425% + (4.425% X
) =
business income (Schedule B, line 32a or 32b if used) is equal to or greater than $10M
10,000,000
but less than $20M, use allocated formula
%
line 30 - 20,000,000
4.425% + (4.425% X
) =
20,000,000
12. If unallocated business income (Schedule B, line 30) is equal to or greater than $20M
but less than $40M and allocated business income (Schedule B, line 32a or 32b if
%
line 32a or 32b - 10,000,000
used) is equal to or greater than $10M but less than $20M, compute tax rates using
4.425% + (4.425% X
) =
10,000,000
both formulas. Use the greater of the two computed tax rates
Enter the greater of the two computed tax rates: _________ %
TAX RATE COMPUTATION FOR CERTAIN FINANCIAL CORPORATIONS ( see instructions )
9.00%
13. Financial Corporations as defined in Administrative Code Section 11-654(1)(e)(1)(i)
30771791
30771791
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