New York Consolidated Franchise Tax Return (OBSOLETE)

Form CT-3-C is obsolete, and is no longer supported by the New York Department of Revenue.

Consolidated Franchise Tax Return (OBSOLETE)
Form CT-3-C:2014:Consolidated Franchise Tax Return for corporate shareholders of tax-exempt domestic international sales corporations (DISCs):CT3CCT-3-C Consolidated Franchise Tax Return
New York State Department of Taxation and Finance

For corporate shareholders of tax-exempt
domestic international sales
All filers must enter tax period:
corporations (DISCs)

Legal name of corporation	

Tax Law — Article 9-A

beginning
ending
Employer identification number

Complete Schedules B through E before completing Schedule A. Stockholders who file as part of a combined group, see instructions.

Schedule A, Part 1 — Computation of tax on consolidated entire net income (ENI) base
	 1	
	 2	
	 3	
	 4	
	 5	
	 6	
	 7	
	 8	
	 9	
	 10	

Business income before allocation from line 60, column C ........... 	 1
Business allocation percentage from line 47 ................................. 	 2	
%
Allocated business income (multiply line 1 by line 2) ............................................................................	 3
Investment income before allocation from line 59, column C ........ 	 4
Investment allocation percentage from line 57 .............................. 	 5	
%
Allocated investment income (multiply line 4 by line 5) .........................................................................	 6
Total allocated income (add lines 3 and 6) ...........................................................................................	 7
Optional depreciation adjustment from line 61, column C ................................................................	 8
ENI base (line 7 plus or minus line 8)  . ...................................................................................................	 9
Tax on ENI base (multiply line 9 by the appropriate rate; see instructions; enter here and on Form CT-3, line 72)  .......	 10

Schedule A, Part 2 — Computation of tax on consolidated capital base

	 11	 Business capital from line 70, column C........................................ 	 11
	 12	 Business allocation percentage from line 47.................................. 	 12	
%
	 13	 Allocated business capital (multiply line 11 by line 12) ..........................................................................	 13

	
	
	
	
	

14	
15	
16	
17	
18	

Investment capital from line 69, column C..................................... 	 14
Investment allocation percentage from line 57............................... 	 15	
%
Allocated investment capital (multiply line 14 by line 15).......................................................................	 16
Capital base (add lines 13 and 16) ........................................................................................................	 17
Tax on capital base (multiply line 17 by the appropriate rate; see instructions; enter here and on Form CT-3, line 73) 	 18

	
	
	
	
	
	
	
	

19	
20	
21	
22	
23	
24	
25	
26	

Alternative business income before allocation from line 64, column C.... 	 19
% from line 51) ................	
Allocated alternative business income (multiply line 19 by	
Alternative investment income before allocation from line 63, column C.... 	 21
% from line 57) ................	
Allocated alternative investment income (multiply line 21 by	
Allocated MTI (add lines 20 and 22) 	.....................................................................................................	
Optional depreciation adjustment from line 61, column C................................................................	
MTI base (line 23 plus or minus line 24) .................................................................................................	
Tax on MTI base (multiply line 25 by the appropriate rate; see instructions; enter here and on Form CT-3, line 71) .	

	
	
	
	
	
	
	
	
	
	
	
	
	
	
	

27	
28	
29	
30	
31	
32	
33	
34	
35	
36	
37	
38	
39	
40	
41	

Modified business income before allocation from line 66, column C.... 	 27
% from line 51).....................	
Allocated modified business income (multiply line 27 by	
Investment income before allocation from line 65, column C ........ 	 29
% from line 57). ..............................	
Allocated investment income (multiply line 29 by	
Allocated modified minimum income (add lines 28 and 30) 	.................................................................	
Optional depreciation adjustment from line 61, column C	.................................................................	
Modified MTI base (line 31 plus or minus line 32)	..................................................................................	
Modified minimum tax (multiply line 33 by the appropriate rate; see instructions). ....................................	
Tax on MTI base from line 26 ...........................................................................................................	
Highest tax from Form CT-3, line 72, 73, or 74b...............................................................................	
Excess minimum tax (subtract line 36 from line 35; if less than zero, enter 0) ...........................................	
Modified minimum tax from line 34................................................ 	 38
Amount from line 36....................................................................... 	 39
Excess modified minimum tax (subtract line 39 from line 38; if less than 0, enter 0).................................	
Adjusted minimum tax (subtract line 40 from line 37; see instructions)....................................................	

Schedule A, Part 3 — Computation of tax on consolidated minimum taxable income (MTI) base

Schedule A, Part 4 — Computation of adjusted minimum tax

Schedule A, Part 5 — Computation of tax on consolidated subsidiary capital base

20
22
23
24
25
26

28
30
31
32
33
34
35
36
37

40
41

	 42	 Allocated subsidiary capital base from line 52, column C (enter here and on Form CT-3, line 76). ........	 42
	 43	 Tax on subsidiary capital base (multiply amount on Form CT‑3‑ATT, line 31 by 0.0009; enter here and on Form CT-3, line 77)...	 43
	

502001140094

Attach a complete copy of Form CT-3-B to this form.

Page 2 of 4  CT-3-C (2014)
Name of stockholder

Stockholder

EIN

Schedule B, Part 1 — Computation of business allocation percentage (see instructions)
44
45
46
47
Schedule B, Part 2 — Computation of alternative business allocation percentage for MTI (see instructions)
	 48	 New York State receipts (from Form CT-3 and CT-3-B, line 155, column A) .............................................	 48
	 49	 Receipts everywhere (from Form CT-3 and CT-3-B, line 155, column B) ..................................................	 49
	 50	 New York State receipts factor (divide line 48 by line 49)  .....................................................................	 50
	 51	 Alternative business allocation percentage (enter line 50 here and in the first box on lines 20 and 28) .........	 51
	
	
	
	

44	
45	
46	
47	

New York State receipts (from Form CT-3 and CT-3-B, line 135, column A) .............................................	
Receipts everywhere (from Form CT-3 and CT-3-B, line 135, column B) ..................................................	
New York State receipts factor (divide line 44 by line 45) ......................................................................	
Business allocation percentage (enter line 46 here and on lines 2 and 12) .............................................. 	

Schedule C — Computation of subsidiary allocation percentage

	 52	 Subsidiary capital allocated to NYS (from Form CT-3-ATT and CT-3-B, Schedule C, line 29) ...................	 52
	 53	 Total subsidiary capital (from Form CT-3-ATT and CT-3-B, Schedule C, line 28) .......................................	 53
	 54	 Subsidiary allocation percentage (divide line 52 by line 53) .................................................................. 	 54

Schedule D — Computation of investment allocation percentage

	 55	 Investment capital allocated to NYS (from Form CT-3-ATT and CT-3-B, Schedule B, line 4, column G) ........... 	  55
	 56	 Investment capital (from Form CT-3-ATT and CT-3-B, Schedule B, line 4, column E) .................................	 56
	 57	 Investment allocation percentage (divide line 55 by line 56)  . ............................................................... 	   57

Schedule E, Part 1 — ENI base

	
	
	
	

58	
59	
60	
61	

ENI (from Form CT-3 and CT-3-B, line 17) ...............................................................................................	
Investment income before allocation (from Form CT-3 and CT-3-B, line 18) ..........................................	
Business income before allocation (from Form CT-3 and CT-3-B, line 19) ..............................................	
Optional depreciation adjustment (from Form CT-3, line 23) ................................................................. 	

Schedule E, Part 2 — MTI base

58
59
60
61

	 62	 MTI (from Form CT-3 and CT-3-B, line 59) ...............................................................................................	 62
	 63	 Alternative investment income before allocation (from Form CT-3 and CT-3-B, line 64) .........................	 63
	 64	 Alternative business income before allocation (from Form CT-3 and CT-3-B, line 65)  ........................... 	 64

Schedule E, Part 3 — Modified minimum income

	 65	 Investment income before allocation (from Form CT-3 and CT-3-B, line 18) ..........................................	 65
	 66	 Modified business income before allocation (from Form CT-38, line 5, and CT-3-B, Schedule E, line 5) . .............	 66

Schedule E, Part 4 — Capital

	
	
	
	

67	
68	
69	
70	

Total capital (from Form CT-3 and CT-3-B, line 32) .................................................................................	
Subsidiary capital (from Form CT-3 and CT-3-B, line 33) ........................................................................	
Investment capital (from Form CT-3 and CT-3-B, line 35) ....................................................................... 	
Business capital (from Form CT-3 and CT-3-B, line 36) .......................................................................... 	
Legal name of corporation

DISC 1
DISC 2

502002140094

67
68
 69
 70
Employer identification number

CT-3-C (2014)  Page 3 of 4

	
	

	

DISC 1	

% owned	

(see instructions)	

DISC 2	
% owned	

(see instructions)	

A	
Total	
	

				
				
	 44		
	 45	 	
	 46		
	 47		

B – Intercorporate	
eliminations	
(explain on	

C
Total minus
intercorporate
eliminations

attached sheet;	
see instructions)	

(A minus B)

44
45
46	
47	

%
%

	 48		
	 49	 	
	 50		
	 51		

48
49
50	
51	

%
%

	 52		
	 53		
	 54		

52	
53	
54	

%

	 55		
	 56		
	 57		

55	
56 	
57	

%

	 58		
	 59		
	 60		
	 61		

58	
59 	
60	
61

	 62		
	 63		
	 64		

62	
63 	
64

	 65		
	 66		

65	
66

	 67		
	 68		
	 69		
	 70		

67	
68
69
70

502003140094

Page 4 of 4  CT-3-C (2014)

Instructions

Form CT-1, Supplement to Corporation Tax
Instructions
See Form CT-1 for the following topics:
•	 Changes for the current tax year (general and by Tax Law Article)
•	 Business information (how to enter and update)
•	 Entry formats
—	 Dates
—	 Negative amounts
—	 Percentages
—	 Whole dollar amounts
•	 Are you claiming an overpayment?
•	 NAICS business code number and NYS principal business activity
•	 Third-party designee
•	 Paid preparer identification numbers
•	 Is your return in processible form?
•	 Use of reproduced and computerized forms
•	 Electronic filing and electronic payment mandate
•	 Web File
•	 Form CT-200-V
•	 Collection of debts from your refund or overpayment
•	 Fee for payments returned by banks
•	 Reporting requirements for tax shelters
•	 Tax shelter penalties
•	 Voluntary Disclosure and Compliance Program
•	 Your rights under the Tax Law
•	 Need help?
•	 Privacy notification

Who must file Form CT-3-C — All corporate stockholders
in domestic international sales corporations (DISCs) must file this
consolidated return when the DISC is exempt from tax under Tax Law
Article 9-A. The return must include information about the stockholder
and tax-exempt DISCs in which the stockholders own stock.
Required forms — The tax-exempt DISC must complete and file

Form CT-3-B, Tax-Exempt Domestic International Sales Corporation
(DISC) Information Return. The stockholder of the DISC must complete
and file Form CT-3-C and either Form CT-3, General Business
Corporation Franchise Tax Return, or Form CT-3-A, General Business
Corporation Combined Franchise Tax Return. Copies of the information
return for tax-exempt DISCs, Form CT-3-B, must accompany
Form CT-3-C.

General instructions — List names and employer identification
numbers of the stockholder and DISCs in the spaces provided.

The information requested on this form may be found on Forms CT-3;
CT-3-ATT, Schedules B, C, and D — Attachment to Form CT-3; and
CT-38, Minimum Tax Credit, filed by the stockholder; and CT-3-B, filed
by the tax-exempt DISC. When the tax period of the DISC differs from
that of its stockholder, the period of the DISC that ends within the
period of the stockholder is consolidated on Form CT-3-C.

Stockholder of tax-exempt DISC included in a combined
group — If the stockholder of a tax-exempt DISC files as a part of a

combined group, it does not file Form CT-3. However, the stockholder
should record its own information on Schedules B through E as if
it had filed Form CT-3 (obtain instructions for specific lines from
Form CT-3-A-I, Instructions for Forms CT-3-A, CT-3-A/ATT, and
CT-3-A/B, under Line instructions for Forms CT-3-A and CT-3-A/B).
Then, only carry information to Schedule A, from Schedules B through
E, for lines 1, 4, 8, 11, 14, 19, 21, 24, 27, 29, 32, and 42. Such
information will then be listed on Form CT-3-A for the stockholder.

502004140094

Reporting period — Use this return for calendar year 2014 and

fiscal years that begin in 2014 and end in 2015. Do not file using this
2014 return if:
• 	you have a tax year of less than 12 months that begins and ends in
2015, and
• 	the 2015 return is not yet available at the time you are required to file
the return.
Instead, file a request for an extension to file for the short period and
wait for the 2015 return to become available on the Tax Department’s
Web site (see Need help?).
All filers must complete the beginning and ending tax year boxes in the
upper right corner on page 1 of the form.

Line instructions
Complete Schedules B through E before completing Schedule A.
Obtain the DISC information for Schedules B through E from the DISC
information report, Form CT-3-B.

Schedule A — Compute a tax for each taxable base (Parts 1

through 5) and if applicable, transfer the amounts to Form CT-3.
Note: As stated in Stockholder of tax-exempt DISC included in a
combined group, stockholders included as part of combined returns
complete only certain lines of Schedule A and do not compute tax
amounts.
Lines 10, 18, 26, and 34 — Find the appropriate tax rates in
Form CT-3/4-I, Instructions for Forms CT-4, CT-3, and CT-3-ATT.
Line 41 — For complete details, see Form CT-38, Schedule A
instructions. Also enter the amount from this line on Form CT-38,
line 18.

Schedule B, Parts 1 and 2 — The receipts factor is the business
allocation percentage (BAP) and the alternative BAP.
DISC columns — Enter at the top of each column the percentage
owned, based on issued and outstanding capital stock. Enter the
stockholder’s attributable share of amounts reported by the DISC on
Form CT-3-B.
Column B — Intercorporate eliminations — You must base
intercorporate eliminations on the respective reporting periods of
the stockholders and the DISCs. Attach a statement explaining all
intercorporate eliminations.
•	 Schedule B — Eliminate intercorporate business receipts.
•	 Schedule E — Eliminate deemed and actual dividends received from
DISCs to the extent included in ENI. Also eliminate intercorporate
assets and liabilities.

Extracted from PDF file 2019-new-york-form-ct-3-c.pdf, last modified December 2014

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More about the New York Form CT-3-C Corporate Income Tax

This form is no longer in use.

We last updated the Consolidated Franchise Tax Return (OBSOLETE) in March 2021, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the New York Department of Taxation and Finance. You can print other New York tax forms here.

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Related New York Corporate Income Tax Forms:

TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New York Form CT-3-C.

Form Code	Form Name
Form CT-3M/4M	General Business Corporation MTA Surcharge Return (Obsolete)
Form CT-3-S	New York S Corporation Franchise Tax Return
Form CT-34-SH	New York S Corporation Shareholders' Information Schedule
Form CT-399	Depreciation Adjustment Schedule
Form CT-3-S-ATT	Attachment to Form CT-3-S (OBSOLETE)
Form CT-33-D	Tax on Premiums Paid or Payable To an Unauthorized Insurer-For Taxable Insurance Contracts with an Effective Date on or after July 21, 2011.See TSB-M-
Form CT-3-A/C	Report by a Corporation Included in a Combined Franchise Tax Return (OBSOLETE)
Form CT-324	Schedule of Optional Depreciation on Qualified New York Property
Form CT-33-NL	Non-Life Insurance Corporation Franchise Tax Return
Form CT-3-A/ATT	Schedules A, B, and C - Attachment to Form CT-3-A (OBSOLETE)

Download all NY tax forms View all 272 New York Income Tax Forms

Form Sources:

New York usually releases forms for the current tax year between January and April. We last updated New York Form CT-3-C from the Department of Taxation and Finance in March 2021.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of New York Form CT-3-C

We have a total of nine past-year versions of Form CT-3-C in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2019 Form CT-3-C