New York Banking Corporation Franchise Tax Return

Banking Corporation Franchise Tax Return
Form CT-32:2014: Banking Corporation Franchise Tax Return, ct32
Important
Effective for tax years beginning on or after January 1, 2015, Article 32 of the Tax Law is
repealed. Corporations that were previously taxable under Article 32 are now subject to tax
under Article 9-A of the Tax Law.
As a result, corporations previously taxable under Article 32 will no longer file Form(s) CT-32,
CT-32-A, CT-32-M, and CT-32-S to report for tax periods beginning on or after this date.
For tax years beginning in 2015, including short periods, all corporations subject to tax under
Article 9-A (including former Article 32 taxpayers) must file using the following forms, as
applicable:
•
•
•
•

2015 Form CT-3, General Business Corporation Franchise Tax Return
2015 Form CT-3-A, General Business Corporation Combined Franchise Tax Return
2015 Form CT-3-M, General Business Corporation MTA Surcharge Return
2015 Form CT-3-S, New York S Corporation Franchise Tax Return

Any return filed on an incorrect form, or on a form for the wrong year, will not be processed.
As a result, penalties and interest may be incurred. An exception to this rule applies to certain
New York S corporations filing for a short period beginning in 2015.
Guidance concerning this exception will be issued in the near future.

Click here to open the corporate tax reform Web page

CT-32

New York State Department of Taxation and Finance

Banking Corporation Franchise Tax Return
Tax Law — Article 32

All filers must enter tax period:
beginning

Amended return
Employer identification number (EIN)	

File number		If address/phone
below is new,
mark an X in the box

		

		
Legal name of corporation	

Business telephone number	

If you claim an
overpayment, mark
an X in the box

(   )	
Trade name/DBA	

		

Mailing name (if different from legal name above) 		

		
		

c/o

City	
State	
ZIP code	
					

Foreign corporations: date began
business in NYS

If you need to update your address or phone information for corporation tax, or
other tax types, you can do so online. See Business information in Form CT-1.
ZIP code (U.S. headquarters)	

Date received (for Tax Department use only)

  County code

		

NAICS business code number (from NYS Pub 910)

Date of incorporation

State or country of incorporation

	

Number and street or PO box			

NYS principal business activity	

ending

Audit (for Tax Department use only)

Name of country (foreign headquarters)

or
New York assets

Type of bank

	 	 Clearinghouse	

Savings	

Other commercial	

Total assets everywhere

If the IRS has completed an audit of any of your returns in the past 5 years,
.
  list years	
During the tax year, did you do business in the Metropolitan Commuter Transportation District (MCTD)? ...............	 Yes	
No
  If Yes, you must file Form CT-32-M.
You must mark an X in one of the following two checkboxes (see instructions):
  If this is a final return, mark an X in this box ......................................................................................................................................

  If you will be filing under Article 9-A for your tax period first beginning on or after January 1, 2015, mark an X in this box ............
	 A.	 Pay amount shown on line 15. Make payable to: New York State Corporation Tax	
		 Attach your payment here. Detach all check stubs. (See instructions for details.) 	

A

Payment
enclosed
			

	 B.	 Federal return filed: (mark an X in one box)   Attach a complete copy of your federal return.
		

Form 1120	

Form 1120F	

Consolidated basis	

Other:

	 C.	 If you included a qualified subchapter S subsidiary (QSSS) in this return, mark an X in the box and attach Form CT-60-QSSS.......... 	
	 D.	 Are you a member of a federal consolidated group?...........................................................................................	 Yes	
 	  If Yes, complete items a through c below.

No

  a.	 Number of corporations included in the federal consolidated group..............................................
  b.	 Total consolidated federal taxable income (FTI) before the net operating loss (NOL) deduction....
  c.	 If 65% or more of the voting stock of this corporation is owned or controlled, directly or indirectly,
	  by another corporation, give the name and EIN of that corporation below.
	 Legal name of corporation	

EIN

	 E.	 If you are an authorized foreign bank holding company or an authorized foreign corporation that is 65% or more owned by .a
  banking corporation or a bank holding company as defined in the instructions under Who must file, item D, mark box........
	 F.	 Did you include any disregarded entities in this return? ( mark an X in the appropriate box )...............................	 Yes	
No
		  If Yes, enter the name(s) and EIN(s) on Form CT-60-QSSS and attach it to your return.		
420001140094

G.	 Are you a residual interest holder in a real estate mortgage investment
	  conduit (REMIC)? (mark an X in one box) ......................................................... Yes	

No

Page 2 of 10  CT-32 (2014)

Schedule A – Computation of tax and installment payments of estimated tax
	 1	 Allocated taxable entire net income (ENI) (enter amount from
		  line 61, and multiply by the tax rate of 7.1% (.071)) .....................	
× .071	
	 2	 Allocated taxable alternative ENI from line 69 (see instructions).	
× .03		
	 3	 Allocated taxable assets (enter amount from line 73..................................
		   and multiply by the appropriate tax rate; mark an X in the box; see instr.)	.00002	
.00004	
.0001	
. ...	
	
4	 Fixed minimum tax........................................................................................................................ 	
	 5	 Franchise tax (amount from line 1, 2, 3, or 4, whichever is largest) ...................................................... 	
	 6	 Tax credits (see instructions) ........................................................................................................... 	
	 7	 Net franchise tax (subtract line 6 from line 5; see instructions) ........................................................... 	
		
	 8a	
	 8b	
	 9	
	 10	
	 11	
	 12	
	 13	
	 14	
	 15	
	 16	
	 17	
	 18	
	 19	
	 20a	
	 20b	
	 20c	
	 21	

1
2
3
4	
5
6
7

250	 00

First installment of estimated tax for next period:
If you filed an application for extension, enter amount from Form CT-5, line 2...........................	 8a
If you did not file Form CT-5 and line 7 is over $1,000, see instructions ....................................	 8b
Total (add line 7 and line 8a or 8b) ..................................................................................................... 	
9
Total prepayments from line 167..................................................................................................	 10
Balance (if line 10 is less than line 9, subtract line 10 from line 9) .......................................................... 	 11
Estimated tax penalty (see instructions; mark an X in the box if Form CT-222 is attached) .......... 		
12
Interest on late payment (see instructions) .....................................................................................	 13
Late filing and late payment penalties (see instructions) ................................................................	 14
Balance due (add lines 11 through 14 and enter here; enter payment amount on line A on page 1) .........	 15
Overpayment (if line 9 is less than line 10, subtract line 9 from line 10) ................................................. 	 16
Amount of overpayment to be credited to the next period..........................................................	 17
Balance of overpayment (subtract line 17 from line 16) ....................................................................	 18
Amount of overpayment to be credited to Form CT-32-M...........................................................	 19
Refund of overpayment (subtract line 19 from line 18) .....................................................................	 20a
Refund of unused tax credits (see instructions) ..............................................................................	 20b
Tax credits to be credited as an overpayment to next year’s tax return (see instructions).............	 20c
Issuer’s allocation percentage (see instructions; show computation on page 9) .................................	 21	

%

Schedule B – Computation and allocation of ENI

	 22	 FTI before NOL and special deductions (see instructions). ............................................................	
	Additions
	 23	 Dividends and interest effectively connected with the conduct of a trade or business
		  not included on line 22 by alien corporations (see instructions) .................................................	
	 24	 Income effectively connected with the conduct of a trade or business not included on
		  line 22 by alien corporations (see instructions) ...........................................................................	
	 25	 Dividends and interest not included on line 22 by non-alien corporations (see instructions).........	
	 26	 Income taxes paid to the United States, its possessions, or foreign countries, deducted on
		  federal return (see instructions). .................................................................................................	
	 27	 New York State franchise, MTA surcharges, and Article 23 MCTMT taxes deducted on federal return (see instr.).	
	 28	 Total federal depreciation from Form CT-399 and, if applicable, from lines 76 and 78 (see instr.) .	
	 29	 New York State gains or losses on disposition of property from line 80....................................... 	
	 30	 Amount deducted on your federal return as a result of a safe harbor lease (see instructions).......	
	 31	 Amount that would have been required to be included on your federal return except for a
		  safe harbor lease (see instructions).............................................................................................	
	 32	 Amount of special additional mortgage recording tax deducted on your federal return and
		  claimed as a tax credit (see instructions).....................................................................................	
	 33	 Any other federal deduction previously allowable as a deduction under Article 9-B or 9-C
		  (attach explanation) ......................................................................................................................	
	 34	
	 35	
	 36	 Other additions (see instructions) 	 IRC section 199 deduction:	
. ....	
	 37	 Total additions (add lines 23 through 36) ........................................................................................... 	

22

23
24
25
26
27
28
29
30
31
32
33

36
37
(continued)

420002140094

  CT-32 (2014)  Page 3 of 10

Schedule B – Computation and allocation of ENI (continued)
Subtractions
	 38	 Interest and other expenses not deducted on federal return that are applicable to
		  lines 23, 24, and 25 (see instructions). ........................................................................................	 38
	 39	 Enter total amount of allowable New York depreciation from Form CT-399 and, if applicable,
		  from line 79 (see instructions) .....................................................................................................	 39
	 40	 Federal gains or losses on disposition of property from lines 81 and 83...................................... 	 40
	 41	 Federal income or gain from installment method transactions under Article 9-B or 9-C (see instr.).	 41
	 42	 IRC section 78 dividends included in the computation of lines 22 through 25............................	 42
	 43	 Amount included on your federal return as a result of a safe harbor lease (see instructions). .......	 43
	 44	 Amount that would have been deducted on your federal return except for safe harbor lease (see instr.).	 44
	 45	 Amount of wages not deducted on the federal return due to IRC section 280C (see instructions) .	 45
	 46	 Amount of money received from the FDIC, FSLIC, or RTC (see instructions) ................................	 46
× 17% (.17)	 	 47
	 47	 Interest income from subsidiary capital (attach list; see instr.).	$	
× 60% (.6)			 48
	 48	 Dividend income from subsidiary capital (see instr.) ....... 	$	
× 60% (.6)		
	 49	 Net gains from subsidiary capital (see instructions)..........	$	
49
	 50	 Interest income on obligations of New York State, its political subdivisions,
		  and the United States (attach list; see instructions).......... 	$		× 22½% (.225)		 50
	 51	 Adjusted eligible net income of an international banking facility (IBF) from line 107 (see instructions) 	 51
	 52
	 53
	 54
	 55
	 56	 New York State NOL deduction (see instructions) ..........................................................................	 56
	 57	 Other subtractions (see instr.)	S-4	
S-6	
57				 
	 58	 Total subtractions (add lines 38 through 57) ....................................................................................	 58
	 59a	 ENI (add line 22 and line 37; subtract line 58) .....................................................................................	 59a
%	 from line 131 or line 123).................................... 	 59b
	 59b	 Allocated ENI (multiply line 59a by	
	 60	 Optional depreciation adjustments (add lines 77 and 82; see instructions) ........................................ 	 60
	 61	 Allocated taxable ENI (line 59b plus or minus line 60; enter on Schedule A, next to line 1) ..................... 	 61

Schedule C — Computation and allocation of alternative ENI

	 62	 ENI from line 59a (see instructions).................................................................................................. 	
	 63	 Interest income from subsidiary capital from line 47....................................................................	
	 64	 Dividend income and net gain from subsidiary capital from lines 48 and 49...............................	
	 65	 Interest income on obligations of New York State, its political subdivisions, and the United States,
		  from line 50................................................................................................................................	
	 66	 Alternative ENI (add lines 62 through 65) .......................................................................................... 	
	 67	 Allocated alternative ENI: (multiply line 66 by 	
% 	 from line 137 or line 123).................. 	
	 68	 Optional depreciation adjustments from line 60............................................................................ 	
	 69	 Allocated taxable alternative ENI (line 67 plus or minus line 68; enter here and on
		  Schedule A, next to line 2).............................................................................................................. 	

420003140094

62
63
64
65
66
67
68
69

Page 4 of 10  CT-32 (2014)

Schedule D — Computation of taxable assets and tax rate (see instructions)
	 70	 Average value of total assets (see instructions)................................................................................ 	
	 71	 Money or other property received from the FDIC, FSLIC, or RTC (see instructions) ........................ 	
	 72	 Taxable assets (subtract line 71 from line 70) .......................................................................................	
	 73	 Allocated taxable assets: (multiply line 72 by	
%	 from line 161 or line 153;
		  enter here and on Schedule A, next to line 3) .................................................................................... 	
	 74	 Compute net worth ratio (see instructions):	 Net worth on last day of the tax year   =
Total assets on last day of the tax year   ..............	
			
Average quarterly balance of mortgages  =
	 75	 Compute percentage of mortgages	
		   included in total assets (see instructions):	 Average quarterly balance of total assets   ..........	

70
71
72
73
74		

%

75		

%

Tax rates
Use the chart below to determine your tax rate. This rate must be used to compute the alternative minimum tax
measured by taxable assets. You must meet both the net worth ratio and percentage of mortgages included in the
total assets requirements to qualify for the lower tax rates.
Mark an X in the appropriate box in the last column and use this rate on line 3.

	
	
	

If the net worth ratio
(from line 74) is:

And the % of mortgages
included in total assets
(from line 75) is:

The
tax
rate is:

Less than 4%	
At least 4% but less than 5%	
All others	

33% or more	
33% or more	
All others	

.00002
.00004
.0001

Indicate the
appropriate
rate

Schedule E — Depreciation on certain property when method differs from federal (see instructions)
Part 1 — Depreciation on qualified New York property acquired between January 1, 1964, and December 31, 1967 (list each property
and the date acquired here; for each property, complete columns C through H on the corresponding lines below; see instructions)
		
	 Item	

A  	
Description of property	

	
A
	
B
	
C
	
D
	
	
E
		
C	
	 Item	
Cost	
			

D	
Federal depreciation	
prior years	

E	
F	
G	
Federal depreciation	 New York depreciation	 New York depreciation	
this year	
prior years	
this year	

	
A
	
B
	
C
	
D
	
E
	 Totals

	 76	 Add column E amounts
		  Combine this total with line 78, and enter on line 28.
	 77	 Add column G amounts
		  Combine this total with line 82, and enter on line 60.

420004140094

B		
Date acquired

H
Undepreciated
balance

	

  CT-32 (2014)  Page 5 of 10

	Part 2— Other property on which New York depreciation differs from federal (see instructions)
A 	
Description of property	

		
	 Item	
	
A
	
B
	
C
	
D
	
E
	
	
C	
	 Item	
Cost	
			

D	
Federal depreciation	
prior years	

B
Date acquired		

E	
F	
G	
Federal depreciation	 New York depreciation	 New York depreciation	
this year	
prior years	
this year	

H
Undepreciated
balance

	
A
	
B
	
C
	
D
	
E
	 Totals

	 78	 Add column E amounts
		  Combine this total with line 76, and enter on line 28.
	 79	 Add Part 2 column G amounts; enter on line 39

Schedule F — Computation of New York gain or loss on disposition of certain property acquired prior to January 1, 1973 (see instructions)
Part 1 — Property acquired prior to: 1/1/26 by commercial banks; 1/1/44 by savings banks; 1/1/53 by savings and loan associations
	
	

A	

Description of property	
		

B	

C	

Cost or fair market price	
Selling price	
on valuation date		

D	

New York gain or loss	
(column C - column B)	

E

Federal gain
or loss

	
Totals (use minus (-) sign to indicate negative amount)
	 80	 Add column D amounts; enter on line 29
	 81	 Add column E amounts; combine this total with line 83, and enter on line 40
Part 2 —	Property on which optional depreciation was claimed or on which the method used for New York State differed
	
from federal depreciation deducted
	
	

A	

Description of property	
		

B	

C	

Depreciation basis for	
Selling price	
New York State		

	
Totals (use minus (-) sign to indicate negative amount)
	 82	 Add column D amounts; combine this total with line 77, and enter on line 60
	 83	 Add column E amounts; combine this total with line 81, and enter on line 40

420005140094

D	

New York gain or loss	
(column C - column B)	

E

Federal gain
or loss

Page 6 of 10  CT-32 (2014)

Schedule G — Computation of IBF adjusted eligible net income or loss (see instructions)
If the corporation has an IBF located in New York State, mark an X in the appropriate box below.
The corporation computed ENI using the:	 IBF modification method 	
or 	 IBF formula allocation method
Computation of eligible gross income
	 84	 Interest income from eligible loans................................................................................................ 	
	 85	 Interest income from eligible deposits........................................................................................... 	
	 86	 Income from foreign exchange trading and hedging transactions................................................ 	
	 87	 Fee income from eligible transactions........................................................................................... 	
	 88	 Eligible gross income (add lines 84 through 87) ................................................................................ 	

84
85
86
87
88

Computation of applicable expenses
	 89	 Direct expenses............................................................................................................................. 	 89
	 90	 Indirect expenses.......................................................................................................................... 	 90
	 91	 Total applicable expenses (add lines 89 and 90) ................................................................................	 91
Computation of ineligible funding amount
	 92	 Eligible net income (subtract line 91 from line 88) ................................................................................	
	 93	 Average aggregate liabilities and other sources of funds of the IBF that are not owed to
		  or received from foreign persons............................................................................................... 	
	 94	 Average aggregate liabilities and other sources of funds of the IBF............................................. 	
	 95	 Divide line 93 by line 94...................................................................................................................	
	 96	 Ineligible funding amount (multiply line 92 by line 95) .........................................................................	
	 97	 Remaining amount (subtract line 96 from line 92; also enter on line 105) ................................................	
Computation of floor amount and adjusted eligible net income or loss
	 98	 Average aggregate amount of loans to and deposits with foreign persons in financial accounts
		  within New York State for tax years 1975, 1976, and 1977....................................................... 	
	 99	 Statutory percentage for the current tax year............................................................................... 	
	 100	 Multiply line 98 by line 99................................................................................................................	
	 101	 Average aggregate amount of loans to and deposits with foreign persons in financial accounts
		  within New York State (other than IBF) for the current tax year................................................. 	
	 102	 Balance (subtract line 101 from line 100) .............................................................................................	
	 103	 Average aggregate amount of loans to and deposits with foreign persons in financial
		  accounts of the IBF for the current tax year.............................................................................. 	
	 104	 Enter 100 or the percentage obtained by dividing line 102 by line 103, whichever is less.............	
	 105	 Remaining amount (enter amount from line 97) ................................................................................. 	
	 106	 Floor amount (multiply line 104 by line 105) .........................................................................................	
	 107	 Adjusted eligible net income or loss (subtract line 106 from line 105; also enter on line 51) ......................	

420006140094

92
93
94
95	
96
97

%

98
99	
100

%

101
102
103
104	
105
106
107

%

  CT-32 (2014)  Page 7 of 10

Schedule H — Allocation percentages (see instructions)
Are you a banking corporation described in Tax Law, Article 32, section 1452(a)(9)?........................................... 	 Yes	
Are you substantially engaged in providing management, administrative, or distribution services to an
  investment company as such terms are defined in Tax Law, Article 32, section 1454(a)(2)(G)?........................ 	 Yes	

No
No

If you answered Yes to both questions, then you must allocate using the receipts factor (see Receipts factor in instructions).
Part 1 — Computation of ENI allocation
If the corporation has an IBF located in New York State, mark an X in the appropriate box below (see Schedule G instructions).
The corporation computed ENI using the:	 IBF modification method 	
or 	IBF formula allocation method
If you are claiming an allocation outside New York, attach an explanation of the
business carried on outside New York that gives you the right to allocate.
	 108	 Wages, salaries, and other compensation of employees (except
		  general executive officers)............................................................... 	 108
	 109	 Multiply line 108, column A, by 80% (.8)............................................	 109
	 110	 Percentage in New York (divide line 109, column A, by line 108, column B) .	 110	
Receipts during the tax period from:
	 111	 Interest income from loans and financing leases...............................	 111
	 112	 Other income from loans and financing leases..................................	 112
	 113	 Lease transactions and rents.............................................................	 113
	 114	 Interest from bank, credit, travel, entertainment, and other credit
		  card receivables ............................................................................ 	 114
	 115	 Service charges and fees from bank, credit, travel, entertainment,
		  and other credit cards ....................................................................	 115
	 116	 Receipts from merchant discounts....................................................	 116
	 117	 Income from trading activities and investment activities...................	 117
	 118	 Fees or charges from letters of credit, traveler’s checks, and
		  money orders ..................................................................................	 118
	 119	 Performance of services.....................................................................	 119
	 120	 Royalties.............................................................................................	 120
	 121	 All other business receipts.................................................................	 121
	 122	 Total (add lines 111 through 121) ............................................................	 122
	 123	 Percentage in New York (see instructions) ............................................. 	 123	
	 124	 Additional receipts factor (enter percentage from line 123) ...................... 	 124	
Deposits maintained in branches
	 125	 Deposits of $100,000 or more............................................................	 125
	 126	 Deposits of less than $100,000..........................................................	 126
	 127	 Add lines 125 and 126........................................................................	 127	
	 128	 Percentage in New York (divide line 127, column A, by line 127, column B) .....	 128	
	 129	 Additional deposits factor (enter percentage from line 128) ......................	 129	
	 130	 Total of New York percentages (add lines 110, 123, 124, 128, and 129).....	 130	
	 131	 ENI allocation percentage (see instructions) ...........................................	 131	
Part 2 — Computation of alternative ENI allocation
	 132	 Wages, salaries, and other compensation of employees (except
		  general executive officers)..............................................................	 132
	 133	 Percentage in New York State (divide line 132, column A, by line 132, column B) 	 133	
	 134	 Receipts factor (enter percentage from line 123) ...................................... 	 134	
	 135	 Deposits factor (enter percentage from line 128) ...................................... 	 135	
	 136	 Add lines 133, 134, and 135 . .............................................................. 	 136	
	 137	 Alternative ENI allocation percentage (see instructions) ......................... 	 137	

420007140094

A
New York State

B
Everywhere

%

%
%

%
%
%
%

%
%
%
%
%

Page 8 of 10  CT-32 (2014)

Part 3 — Computation of taxable assets allocation
Include all activities of an IBF in both the numerator (column A) and
denominator (column B) when computing the taxable asset allocation

A
New York State

B
Everywhere

	 138	 Wages, salaries, and other compensation of employees (except
		  general executive officers)................................................................	 138
	 139	 Multiply line 138, column A, by 80% (.8)............................................ 	 139
	 140	 Percentage in New York (divide line 139, column A, by line 138, column B) .....	 140	
Receipts during the tax period from:
	 141	 Interest income from loans and financing leases............................... 	 141
	 142	 Other income from loans and financing leases.................................. 	 142
	 143	 Lease transactions and rents............................................................. 	 143
	 144	 Interest from bank, credit, travel, entertainment, and other credit
		  card receivables ............................................................................. 	 144
	 145	 Service charges and fees from bank, credit, travel, entertainment,
		  and other credit cards .................................................................... 	 145
	 146	 Receipts from merchant discounts.................................................... 	 146
	 147	 Income from trading activities and investment activities................... 	 147
	 148	 Fees or charges from letters of credit, traveler’s checks, and money orders.... 	 148
	 149	 Performance of services..................................................................... 	 149
	 150	 Royalties............................................................................................. 	 150
	 151	 All other business receipts................................................................. 	 151
	 152	 Total (add lines 141 through 151)............................................................ 	 152
	 153	 Percentage in New York (see instructions) ..............................................	 153	
	 154	 Additional receipts factor (enter percentage from line 153) . ..................... 	 154	
Deposits maintained in branches
	 155	 Deposits of $100,000 or more............................................................ 	 155
	 156	 Deposits of less than $100,000.......................................................... 	 156
	 157	 Add lines 155 and 156........................................................................ 	 157
	 158	 Percentage in New York (divide line 157, column A, by line 157, column B).....	 158	
	 159	 Additional deposits factor (enter percentage from line 158) . ....................	 159	
	 160	 Total of New York percentages (add lines 140, 153, 154, 158, and 159).....	 160	
	 161	 Taxable assets allocation percentage (see instructions).........................	 161	
Composition of prepayments on Schedule A, line 10 (see instructions)
	 162	
	163a	
	163b	
	163c	
	 164	
	 165	
	 166	
	 167	

	 Date paid	
Mandatory first installment.................................................................................. 	 162
Second installment from Form CT-400................................................................ 	 163a
Third installment from Form CT-400.................................................................... 	 163b
Fourth installment from Form CT-400.................................................................. 	 163c			
Payment with extension request from Form CT-5, line 5.................................... 	 164
Overpayment credited from prior years (see instructions).................................................................	 165
Overpayment credited from Form CT-32-M....................................................................................	 166
Total prepayments (add lines 162 through 166; enter here and on line 10) ..............................................	 167

420008140094

%

%
%

%
%
%
%
Amount

  CT-32 (2014)  Page 9 of 10

Computation of the issuer’s allocation percentage — Complete Method 1, 2, or 3 (see instructions)
Method 1 — Enter the alternative ENI allocation percentage from
	  line 137 (enter here and on line 21) ............................................................................................... 	
Method 2 — A New York State gross income.................................................... 	 $
	
B Worldwide gross income............................................................ 	 $
Divide line A by line B (enter here and on line 21) ................................................................................................. 	

%

%

Method 3 — Computation of subsidiary capital allocated to New York State — Attach separate sheets displaying this information
formatted as below, if necessary.
A — Description of subsidiary capital (list the name of each corporation and the EIN here; for each corporation, complete columns B through G on 	
	
the corresponding lines below; see instructions)
	
	
	
	
	
	
	
	

Item	
A
B
C
D
E
F
G

A

Item

Name	

	

B	

	 Voting	
	 stock	
	 owned	
	 %	

C	

Average value	
of subsidiary	
capital	

(see instructions)	

D	

Current liabilities 	
attributable to	
subsidiary capital	

EIN

E	

Net average	
value	
(col. C – col. D)	

(see instructions)		

F	

Issuer’s	
allocation	
%	
(see instr.)

G

Value allocated
to New York State		
(col. E × col. F)		

A
B
C
D
E
F
G

Amounts from attached list
	 168  Totals........................................................................................	 168
Method 3 — Computation of business capital allocated to New York State
	 169	 Average value of total assets from line 70.......................................................................................	
	 170	 Current liabilities (see instructions).................................................. 	 170
	 171	 Total net average value of subsidiary capital from line 168, column E	 171
	 172	 Net business assets (subtract lines 170 and 171 from line 169) ............................................................	
	 173	 Enter the alternative ENI allocation percentage from line 137........................................................	
	 174	 Business assets allocated to New York State (multiply line 172 by line 173) .......................................	
Method 3 — Computation of issuer’s allocation percentage
	 175	 Subsidiary capital and business capital allocated to New York State (add line 168, column G and line 174) .....	
	 176	 Total worldwide capital (see instructions) ...........................................................................................	
	 177	 Issuer’s allocation percentage (divide line 175 by line 176; enter here and on line 21) .......................... 	

420009140094

169

172
173	
174
175
176
177	

%

%

Page 10 of 10  CT-32 (2014)

	Summary of tax credits claimed on line 6 against current year’s franchise tax (attach applicable forms; see instructions for line 6)
Have you been convicted of an offense, or are you an owner of an entity convicted of an offense, defined in
  New York State Penal Law Article 200 or 496, or section 195.20? (see Form CT-1; mark an X in one box) . .................. Yes	
Form CT-41....
Form CT-43....
Form CT-44....
Form CT-238
Form CT-249
Form CT-250
Form CT-259
Form CT-501
Form CT-502

No

Form CT-613 ....
Form CT-631 ....
Form CT-633 ....
Form CT-634 ....
Form CT-639 ....
Form DTF-624
Form DTF-630

Form CT-601....
Form CT-601.1.
Form CT-602....
Form CT-604....
Form CT-606....
Form CT-607....
Form CT-611....
Form CT-611.1.
Form CT-612....

Credit for
servicing
mortgages
(attach statement)

Other credits . ...

	 178	 Total of credits listed above (enter here and on line 6 indicating a negative total with a minus (-) sign;
		  attach appropriate form or statement for each credit claimed) ............................................................	
	 179	 Total tax credits claimed on line 178 that are refund eligible (see instructions)...............................	

178
179

Amended return information
If filing an amended return, mark an X in the box for any items that apply and attach documentation.
Final federal determination . .............. 	

If marked, enter date of determination:

	Capital loss carryback........................ 	

Federal return filed..............Form 1139	

Form 1120X......

Net operating loss (NOL) information
New York State NOL carryover total available for use this tax year from all prior tax years . ......................... 	
Federal NOL carryover total available for use this tax year from all prior tax years......................................... 	
New York State NOL carryforward total for future tax years............................................................................ 	
	Federal NOL carryforward total for future tax years.........................................................................................

Designee’s name (print)	
Third – party 		 Yes	
No
designee 	 Designee’s e-mail address

Designee’s phone number

(		

(see instructions) 				

)

PIN

Certification: I certify that this return and any attachments are to the best of my knowledge and belief true, correct, and complete.
Authorized
person
Paid
preparer
use
only
(see instr.)

Printed name of authorized person	

Signature of authorized person	

	 E-mail address of authorized person	

Telephone number	

(		

	 Firm’s name (or yours if self-employed)		
	 Signature of individual preparing this return	

Address	

	 E-mail address of individual preparing this return		

See instructions for where to file.
420010140094

Official title

)

Firm’s EIN	

Date
Preparer’s PTIN or SSN

City	
Preparer’s NYTPRIN	

State	
Date

ZIP code