New York Banking Corporation Combined Franchise Tax Return

Banking Corporation Combined Franchise Tax Return
Form CT-32-A:2014: Banking Corporation Combined Franchise Tax Return, ct32a
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repealed.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-A	 Banking Corporation Combined

		

New York State Department of Taxation and Finance

		

Tax Law — Article 32

	
		 Franchise Tax Return
Amended
return

	

Employer identification number (EIN)	

File number	

All filers must enter tax period:
beginning
ending
Business telephone number	

(	

		

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

)	

	

Legal name of corporation			

Trade name/DBA

	

Mailing name (if different from legal name above) 		

State or country of incorporation

	
	

c/o

	

Date of incorporation

Number and street or PO box			

Foreign corporations: date began
business in NYS

City	
State	
ZIP code	
					

		

NAICS business code number (from NYS Pub 910 )	

If address/phone
above is new,
mark an X in the box

NYS principal business activity

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)		 Name of country (foreign headquarters)	

or

Type of bank

		

Clearinghouse	

	 1120	

	 Federal return filed:

Savings	
1120F	

County code

Other commercial:
Consolidated	

Date received (for Tax Department use only)

Audit (for Tax Department use only)

New York assets
Total assets everywhere

Other:

If the IRS has completed an audit of any of your returns in the past 5 years, list years:
Did you do business in the Metropolitan Commuter Transportation District during the tax year?.......	 Yes	

No    If Yes, you must file Form CT-32-M.

Are any corporations in the combined group a residual interest holder in a real estate mortgage investment conduit (REMIC)? (mark an X in one box) ..... 	 Yes	

No

If a captive real estate investment trust (REIT) or captive regulated investment company (RIC) is included in this return, mark an X in
the box (for definitions, see instructions)...............................................................................................................................................................................
If an overcapitalized captive insurance company is included in this return, mark an X in the box (for definition, see instructions). ...................................
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 17. Make payable to: New York State Corporation Tax	
		 Attach your payment here. Detach all check stubs. (See instructions for details.) 	

Schedule A — Computation of combined tax and payment of estimated tax

Allocated taxable entire net income (ENI) from line 59 (see instr.). .	
x .071	
1
Allocated combined alternative ENI from line 68, column E (see instr.) ...	
× .03	
2
Allocated combined taxable assets from line 72, column E (see instr.)...	
× .0001	
3
Fixed minimum tax for parent corporation only.................................................................................	 4	
Combined franchise tax (amount from line 1, 2, 3, or 4, whichever is greatest) ....................................... 	
5
Tax credits (see instructions) .............................................................................................................. 	
6
Net franchise tax (subtract line 6 from line 5) ...................................................................................... 	
7
Combined fixed minimum tax for member corporations (number of taxable member
		  corporations 	
× $250; see instructions) ................................................................. 	
8
	 9	 Total combined franchise tax (add lines 7 and 8) ............................................................................... 	
9
	
First installment of estimated tax for the next period:
	10a 	 If you filed a request for extension, enter amount from Form CT-5.3, line 5................................... 	 10a
	 10b	 If you did not file Form CT-5.3 and line 7 is over $1,000, see instructions ..................................... 	 10b
	 11	 Total (add line 9 and line 10a or 10b) ......................................................................................................	 11
	 12	 Total prepayments from line 210..................................................................................................... 	 12
	 13	 Balance (if line 12 is less than line 11, subtract line 12 from line 11) ...........................................................	 13
	 14	 Estimated tax penalty (see instructions; mark an X in the box if Form CT-222 is attached)    	 . ........... 	 14
	 15	 Interest on late payment (see instructions) ......................................................................................... 	 15
	 16	 Late filing and late payment penalties (see instructions) .................................................................... 	 16
	 17	 Balance due (add lines 13 through 16 and enter here; enter payment amount on line A above) .................. 	 17

	
	
	
	
	
	
	
	

1	
2	
3	
4	
5	
6	
7	
8	

A

421001140094

Payment
enclosed
			

250  00

(continued)

Page 2a  CT-32-A (2014)

	Legal name of corporation	

	 18	
	 19	
	 20	
	 21	
	22a	
	22b	
	22c	
	 23	

EIN

Overpayment (if line 11 is less than line 12, subtract line 11 from line 12) ................................................ 	 18
Amount of overpayment to be credited to the next period............................................................. 	 19
Balance of overpayment (subtract line 19 from line 18) ....................................................................... 	 20
Amount of overpayment to be credited to Form CT-32-M.............................................................. 	 21
Refund of overpayment (subtract line 21 from line 20) ........................................................................ 	 22a
Refund of unused tax credits (see instructions) ................................................................................ 	 22b
Tax credits to be credited as an overpayment to next year’s return (see instructions)...................... 	 22c
Issuer’s allocation percentage (see Schedule I instructions; show computation in Schedule I) ................ 	 23	

%

Schedule B — Computation and allocation of ENI
	 24	 FTI before NOL and special deductions (see instructions; include disallowed dividends paid deduction:
	
) .
Additions
	 25	 Dividends and interest effectively connected with the conduct of a trade or business not included on line 24 by alien corporations (see instructions) ....
	 26	 Income effectively connected with the conduct of a trade or business not included on line 24 by alien corporations (see instructions) ...
	 27	 Dividends and interest not included on line 24 by non-alien corporations (see instructions) ................................................................
	 28	 Income taxes paid to the United States, its possessions, or to foreign countries, as deducted on federal return (see instructions) . ..
	 29	 New York State franchise taxes, MTA surcharge, and Article 23 taxes deducted on federal return (see instructions)...........................
	 30	 Total amount of federal depreciation from Form CT-399 and, if applicable, lines 186 and 188 (see instructions) . ....................................
	 31	 New York State gains or losses on disposition of property from line 190 ............................................................................................
	 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 (attach list; see instructions)	 IRC section 199 deduction:	
. ..............................................
	 37	 Total additions (add lines 25 through 36) ..................................................................................................................................................  
Subtractions
	 38	 Interest and other expenses not deducted on federal return which are applicable to lines 25, 26, and 27 (see instructions) . .............
	 39	 Enter total amount of allowable New York depreciation from Form CT-399 and, if applicable, line 189 (see instructions) ....................
	 40	 Federal gains or losses on disposition of property from lines 191 and 193.........................................................................................
	 41	 Federal income or gain from installment method transactions under Article 9-B or 9-C (see instructions). ..........................................
	 42	 IRC section 78 dividends included in the computation of lines 24 through 27....................................................................................
	 43	 Amount of wages not deducted on the federal return due to IRC section 280C (see instructions)........................................................
	 44	 Amount of money received from the FDIC, FSLIC, or RTC (see instructions) .........................................................................................
	 45	 Interest income from subsidiary capital × 17% (.17) (see instructions) (attach list) ..................................................................................
	 46	 Dividend income from subsidiary capital × 60% (.6) (see instructions) ...................................................................................................
	 47	 Net gains from subsidiary capital × 60% (.6) (see instructions) ..............................................................................................................
	 48	 Interest income on obligations of New York State, its political subdivisions, and the United States × 22½% (.225) (see instructions) (attach list) .
	 49	 Adjusted eligible net income of an international banking facility (IBF) from line 185 (see instructions) .................................................
	 50				
	 51
	 52		
	 53	 	
	 54	 New York NOL deduction (see instructions) ............................................................................................................................................
	 55	 Other subtractions (see instructions)	 S-5	
S-7	
..............................  
	 56	 Total subtractions (add lines 38 through 55) .............................................................................................................................................
	57a	 ENI (add line 24 and line 37; subtract line 56) .............................................................................................................................................
% 	 from line 103, column E or line 114)............................................................................. 	
	57b	 Allocated ENI (multiply line 57a by	
	 58	 Optional depreciation adjustments (add lines 187 and 192)  . ..................................................................................................................
	 59	 Allocated taxable ENI (line 57b plus or minus line 58, column E; enter next to line 1) ....................................................................................

421002140094

CT-32-A (2014)  Page 2b

	
	

	
	 18
	 19
	 20
	 21
	22a
	22b
	22c
	 23

A	
Parent 	
corporation	

B	
Total from	
member corporations	

C	
Subtotal	

(column A + column B)	

D	
Intercorporate	
eliminations	

Schedule B — Computation and allocation of ENI
	 24	
24
Additions
	 25	
25
	 26	
26
	 27	
27
	 28	
28
	 29	
29
	 30	
30
	 31	
31
	 32	
32
	 33	
33
	 34	
	 35	
	 36	
36
	 37	
37	
Subtractions
	 38	
38	
	 39	
39	
	 40	
40	
	 41	
41	
	 42	
42	
	 43	
43	
	 44	
44	
	 45	
45	
	 46	
46	
	 47	
47	
	 48	
48	
	 49	
49	
	 50	
	
	 51	
	
	 52		
	 53		
	 54	
54	
	 55	
55	
	 56	
56	
	57a	
57a	
	57b	
57b
	 58	
58
	 59	
59

421003140094

E
Combined totals

(column C - column D)

Page 3a  CT-32-A (2014)

	Legal name of corporation	

EIN

Schedule C — Computation and allocation of alternative ENI
	
	
	
	
	
	
	
	
	

60	
61	
62	
63	
64	
65	
66	
67	
68	

ENI from line 57a (see instructions).........................................................................................................................................................
Interest income from subsidiary capital from line 45............................................................................................................................
Dividend income from subsidiary capital from line 46..........................................................................................................................
Net gain from subsidiary capital from line 47.......................................................................................................................................
Interest income on obligations of New York State, its political subdivisions, and the United States, from line 48..............................
Alternative ENI (add lines 60 through 64) .................................................................................................................................................
%	 from line 103, column E or line 121, column E). .............................................
Allocated alternative ENI (multiply line 65 by	
Optional depreciation adjustments from line 58...................................................................................................................................
Allocated taxable alternative ENI (line 66 plus or minus line 67, column E; also enter next to line 2) .............................................................

Schedule D ­— Computation of taxable assets (see instructions)
	
	
	
 	

69	
70	
71	
72	

Average value of total assets (see instructions). .....................................................................................................................................
Money or other property received from the FDIC, FSLIC, or RTC (see instructions) ..............................................................................
Taxable assets (subtract line 70 from line 69) ............................................................................................................................................
% 	 from line 150 or line 161; also enter next to line 3) ...........................................
Allocated taxable assets (multiply line 71 by	

	 73	 Compute net worth ratio (see instructions):	
			

Net worth on last day of the tax year	
Total assets on last day of the tax year	

	 74	 Compute percentage of mortgages	
		 included in total assets (see instructions):	

Average quarterly balance of mortgages 	
=
Average quarterly balance of total assets	 ..............................................................

=

..............................................................

Additional information required
Are you a member of a federal consolidated group?....................................................................................... 	
If you answered Yes, complete items A through E.

Yes	

No

A.	 Number of corporations included in the federal consolidated group.......................................................
B.	 Total consolidated FTI before the net operating loss deduction (NOLD)..................................................
C.	 Total consolidated FTI before the NOLD of corporations that are included in the federal consolidated
	  return but that are not included in a combined return for New York State tax......................................
D.	 Total FTI before the NOLD of corporations that are not included in the federal consolidated
	  return but that are included in a combined return for New York State tax............................................
E.	 If 65% or more of the voting stock of the deemed parent corporation is owned or controlled, directly or
	  indirectly, by another corporation, enter the name and EIN of that corporation below.
EIN
	 	 Legal name of corporation	
F.	

Mark an X in the box and attach Form CT-60-QSSS if any member of the combined group is the parent of a QSSS...........			

G.	 Did you include any disregarded entities in this return? (mark an X in the appropriate box) ............................ 	 Yes	
	  If Yes, enter the name(s) and EIN(s) on Form CT-60-QSSS and attach it to your return.

421004140094

No

CT-32-A (2014)  Page 3b

A	
Parent 	
corporation	

	
	

	

B	
Total from	
member corporations	

C	
Subtotal	

(column A + column B)	

D	
Intercorporate	
eliminations	

E
Combined totals

(column C - column D)

Schedule C — Computation and allocation of alternative ENI
	
	
	
	
	
	
	
	
	

60	
61	
62	
63	
64	
65	
66	
67	
68	

60
61
62
63
64
65
66
67
68

Schedule D — Computation of taxable assets
	
	
	
	

69	
70	
71	
72	

69
70
71
72

	 73	

%

	 74	

%

Note: A banking corporation whose largest tax, computed on a separate basis, is on taxable assets and whose
net worth ratio, computed on a separate basis, is less than 5% and whose total assets, computed on a separate
basis, are made up of 33% or more of mortgages, cannot be included on the combined return.

421005140094

Page 4a  CT-32-A (2014)

	Legal name of corporation	

EIN

Schedule E — Allocation percentages (see instructions)
Are you a banking corporation described in Tax Law section 1452(a)(9)?.......................................................... 	Yes	
No
Are you substantially engaged in providing management, administrative, or distribution services to an
  investment company as such terms are defined in Tax Law section 1454(a)(2)(G)?....................................... 	Yes	
No
If you answered Yes to both questions, then you must allocate using the receipts factor (see Receipts factor in the instructions).

Part 1 — Computation of ENI allocation percentage

If you are claiming an allocation outside New York State, attach an explanation of the business carried on outside New York that gives you the right to allocate.
If the corporation has an IBF located in New York State, mark an X in the appropriate box below (see Schedule E and F instructions).
The corporation computed ENI using the:	
IBF modification method     or	 IBF formula allocation method
	 75	 Wages, salaries, and other compensation of employees (except general executive officers) within New York State.........................
	 76	 Multiply line 75 by 80% (.8)..................................................................................................................................................................
	 77	 Wages, salaries, and other compensation of employees (except general executive officers) within and outside New York State.....
	 78	 Percentage in New York State (divide line 76 by line 77 in column E) ........................................................................................................
Receipts during the tax period from within New York State:
	 79	 Interest income from loans and financing leases.................................................................................................................................
	 80	 Other income from loans and financing leases....................................................................................................................................
	 81	 Lease transactions and rents................................................................................................................................................................
	 82	 Interest from bank, credit, travel, entertainment, and other credit card receivables............................................................................
	 83	 Service charges and fees from bank, credit, travel, entertainment, and other credit cards.................................................................
	 84	 Receipts from merchant discounts.......................................................................................................................................................
	 85	 Income from trading activities and investment activities......................................................................................................................
	 86	 Fees or charges from letters of credit, traveler’s checks, and money orders.......................................................................................
	 87	 Performance of services.......................................................................................................................................................................
	 88	 Royalties...............................................................................................................................................................................................
	 89	 All other business receipts....................................................................................................................................................................
	 90	 Total receipts from within New York State (add lines 79 through 89) .......................................................................................................
Receipts during the tax period from within and outside New York State:
	 91	 Interest income from loans and financing leases.................................................................................................................................
	 92	 Other income from loans and financing leases....................................................................................................................................
	 93	 Lease transactions and rents................................................................................................................................................................
	 94	 Interest from bank, credit, travel, entertainment, and other credit card receivables............................................................................
	 95	 Service charges and fees from bank, credit, travel, entertainment, and other credit cards.................................................................
	 96	 Receipts from merchant discounts.......................................................................................................................................................
	 97	 Income from trading activities and investment activities......................................................................................................................
	 98	 Fees or charges from letters of credit, traveler’s checks, and money orders.......................................................................................
	 99	 Performance of services.......................................................................................................................................................................
	100	 Royalties...............................................................................................................................................................................................
	101	 All other business receipts....................................................................................................................................................................
	102	 Total receipts from within and outside New York State (add lines 91 through 101) ..................................................................................
	103	 Percentage in New York State (divide line 90 by line 102, in each of columns A and E; see instructions) .......................................................
104		 Additional receipts percentage (enter percentage from line 103, column E) ...............................................................................................
Deposits maintained in branches within New York State:
	105	 Deposits of $100,000 or more..............................................................................................................................................................
	106	 Deposits of less than $100,000............................................................................................................................................................
	107	 Deposits within New York State (add lines 105 and 106) .........................................................................................................................
(continued)

421006140094

CT-32-A (2014)  Page 4b

	
	

	

A	
Parent 	
corporation	

B	
Total from	
member corporations	

C	
Subtotal	

(column A + column B)	

D	
Intercorporate	
eliminations	

E
Combined totals

(column C - column D)

Schedule E — Allocation percentages

Part 1

	 77	
	 78	

75	
76
77
78	 	

	 79	
	 80	
	 81	
	 82	
	 83	
	 84	
	 85	
	 86	
	 87	
	 88	
	 89	
	 90	

79
80
81
82	
83
84
85
86
87
88
89
90	

	 75	

	 76	

	 91		
	 92		
	 93		
	 94		
	 95		
	 96		
	 97		
	 98		
	 99		
	100		
	101		
	102		
	103	
%	
	104	
	

91	
92
93
94
95
96	
97
98
99
100
101
102
103		
104	 	

	105		
	106		

105
106
107

	107		

421007140094

%

%
%

Page 5a  CT-32-A (2014)
	Legal name of corporation	

EIN

Schedule E — Allocation percentages (continued)
Deposits maintained in branches within and outside New York State:
	108	 Deposits of $100,000 or more..............................................................................................................................................................
	109	 Deposits of less than $100,000............................................................................................................................................................
	110	 Deposits within and outside New York State (add lines 108 and 109) .....................................................................................................
	111	 Percentage in New York State (divide line 107 by line 110, in each of columns A and E) .............................................................................
	112	 Additional deposits percentage (enter percentage from line 111, column E) ..............................................................................................
	113	 Total of New York State percentages (add lines 78, 103, 104, 111, and 112 in column E) ........................................................................... 	
	114	 ENI allocation percentage (see instructions). ..........................................................................................................................................

Part 2 — Computation of alternative ENI allocation percentage
	115	
	116	
	117	
	118	
	119	
	120	
	121	

Wages, salaries, and other compensation of employees (except general executive officers) within New York State......................... 	
Wages, salaries, and other compensation of employees (except general executive officers) within and outside New York State.....
Percentage in New York State (divide line 115 by line 116, in each of columns A and E) .............................................................................
Receipts percentage (enter percentage from line 103) ..............................................................................................................................
Deposits percentage (enter percentage from line 111) ..............................................................................................................................
Add lines 117, 118, and 119 in columns A and E.................................................................................................................................
Alternative ENI allocation percentage (see instructions) .........................................................................................................................
Part 3 — Computation of taxable assets allocation percentage (If the corporation has an IBF located in New York State,
	  activities of the IBF must be included in both the numerator and denominator when computing the taxable assets allocation.)
	122	 Wages, salaries, and other compensation of employees (except general executive officers) within New York State.........................
	123	 Multiply line 122 by 80% (.8)................................................................................................................................................................
	124	 Wages, salaries, and other compensation of employees (except general executive officers) within and outside New York State.....
	125	 Percentage in New York State (divide line 123 by line 124 in column E).....................................................................................................
Receipts during the tax period from within New York State:
	126	 Interest income from loans and financing leases.................................................................................................................................
	127	 Other income from loans and financing leases....................................................................................................................................
	128	 Lease transactions and rents................................................................................................................................................................
	129	 Interest from bank, credit, travel, entertainment, and other credit card receivables............................................................................
	130	 Service charges and fees from bank, credit, travel, entertainment, and other credit cards.................................................................
	131	 Receipts from merchant discounts.......................................................................................................................................................
	132	 Income from trading activities and investment activities......................................................................................................................
	133	 Fees or charges from letters of credit, traveler’s checks, and money orders.......................................................................................
	134	 Performance of services.......................................................................................................................................................................
	135	 Royalties...............................................................................................................................................................................................
	136	 All other business receipts....................................................................................................................................................................
	137	 Total receipts from within New York State (add lines 126 through 136) ....................................................................................................
Receipts during the tax period from within and outside New York State:
	138	 Interest income from loans and financing leases.................................................................................................................................
	139	 Other income from loans and financing leases....................................................................................................................................
	140	 Lease transactions and rents................................................................................................................................................................
	141	 Interest from bank, credit, travel, entertainment, and other credit card receivables............................................................................
	142	 Service charges and fees from bank, credit, travel, entertainment, and other credit cards.................................................................
	143	 Receipts from merchant discounts.......................................................................................................................................................
	144	 Income from trading activities and investment activities......................................................................................................................
	145	 Fees or charges from letters of credit, traveler’s checks, and money orders.......................................................................................
	146	 Performance of services.......................................................................................................................................................................
	147	 Royalties...............................................................................................................................................................................................
	148	 All other business receipts....................................................................................................................................................................
	149	 Total receipts from within and outside New York State (add lines 138 through 148) ................................................................................
	150	 Percentage in New York State (divide line 137 by line 149 in column E; see instructions) ............................................................................
	151	 Additional receipts percentage (enter percentage from line 150, column E) ...............................................................................................  
(continued)

421008140094

CT-32-A (2014)  Page 5b
	
	

	

A	
Parent 	
corporation	

B	
Total from	
member corporations	

C	
Subtotal	

(column A + column B)	

D	
Intercorporate	
eliminations	

E
Combined totals

(column C - column D)

Schedule E — Allocation percentages (continued)

	108		
	109		
	110		
	111	
%	
	112		
	113		
	114		

108
109	
110
111	 	
112		
113		
114		

%
%
%
%

115
116
117	
118	
119	
120	
121	

%
%
%
%
%

	122		
	123		
	124		
	125		

122
123
124
125	

%

	126		
	127		
	128		
	129		
	130		
	131		
	132		
	133		
	134		
	135		
	136		
	137		

126
127
128
129
130
131
132
133
134
135
136
137

	138			
	139			
	140			
	141			
	142			
	143			
	144			
	145			
	146			
	147			
	148			
	149			
	150			
	151			

138
139
140
141
142
143
144
145
146
147
148
149
150	
151	

Part 2
	115	
	
	116		
	117	
%	
	118	
%	
	119	
%	
	120	
%	
	121	
%	

Part 3

421009140094

%
%

Page 6a  CT-32-A (2014)

	Legal name of corporation	

EIN

Schedule E — Allocation percentages (continued)
Deposits maintained in branches within New York State:
	152	 Deposits of $100,000 or more..............................................................................................................................................................
	153	 Deposits of less than $100,000............................................................................................................................................................
	154	 Deposits within New York State (add lines 152 and 153) .........................................................................................................................
Deposits maintained in branches within and outside New York State:
	155	 Deposits of $100,000 or more..............................................................................................................................................................
	156	 Deposits of less than $100,000............................................................................................................................................................
	157	 Deposits within and outside New York State (add lines 155 and 156) .....................................................................................................
	158	 Percentage in New York State (divide line 154 by line 157 in column E) ....................................................................................................
	159	 Additional deposits percentage (enter percentage from line 158) .............................................................................................................
	160	 Total New York State percentages (add lines 125, 150, 151, 158, and 159 in column E) .............................................................................
	161	 Taxable assets allocation percentage (see instructions) .........................................................................................................................

Schedule F — 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 and see instructions.
IBF formula allocation method
The corporation computed ENI using the:	 IBF modification method   	 or 	
Computation of eligible gross income
	162	 Interest income from eligible loans.................................................................................................. 	 162
	163	 Interest income from eligible deposits............................................................................................. 	 163
	164	 Income from foreign exchange trading and hedging transactions.................................................. 	 164
	165	 Fee income from eligible transactions............................................................................................. 	 165
	166	 Eligible gross income (add lines 162 through 165) .............................................................................. 	 166
Computation of applicable expenses
	167	 Direct expenses............................................................................................................................... 	 167
	168	 Indirect expenses............................................................................................................................. 	 168
	169	 Total applicable expenses (add lines 167 and 168) ............................................................................... 	 169
Computation of ineligible funding amount
	170	 Eligible net income (subtract line 169 from line 166) ..............................................................................	 170
	171	 Average aggregate liabilities and other sources of funds of the IBF which are not owed
		  to or received from foreign persons............................................................................................. 	 171
	172	 Average aggregate liabilities and other sources of funds of the IBF............................................... 	 172
	173	 Divide line 171 by line 172.................................................................................................................	 173	
	174	 Ineligible funding amount (multiply line 170 by line 173) ........................................................................	 174
	175	 Remaining amount (subtract line 174 from line 170; also enter on line 183) ..............................................	 175
Computation of floor amount and adjusted eligible net income or loss
	176	 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......................................................... 	 176
	177	 Statutory percentage for the current tax year.................................................................................. 	 177	
	178	 Multiply line 176 by line 177..............................................................................................................	 178
	179	 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................................................... 	 179
	180	 Balance (subtract line 179 from line 178) ................................................................................................	 180
	181	 Average aggregate amount of loans to and deposits with foreign persons in financial
		  accounts of the IBF for the current tax year................................................................................ 	 181
	182	 Enter 100 or the percentage obtained by dividing line 180 by line 181, whichever is less...............	 182	
	183	 Remaining amount (enter amount from line 175) ................................................................................. 	 183
	184	 Floor amount (multiply line 182 by line 183) ...........................................................................................	 184
	185	 Adjusted eligible net income or loss (subtract line 184 from line 183; also enter on line 49) .....................	 185

421010140094

%

%

%

CT-32-A (2014)  Page 6b

	
	

	

A	
Parent 	
corporation	

B	
Total from	
member corporations	

C	
Subtotal	

(column A + column B)	

D	
Intercorporate	
eliminations	

E
Combined totals

(column C - column D)

Schedule E — Allocation percentages (continued)
	152		
	153		
	154		

152
153
154

	155		
	156		
	157		
	158		
	159		
	160		
	161		

155
156			
157
158	
%
159	
%
160	
%
161	
%

Schedule G — Computation of New York 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 (Enter the description
of each property and date acquired; then 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

	 186	 Add column E amounts
		  Combine this total with line 188, and enter on line 30.
	 187	 Add column G amounts
		  Combine this total with line 192, and enter on line 58.

421011140094

B
Date acquired		

H
Undepreciated
balance

Page 7  CT-32-A (2014)

Schedule G — Computation of New York depreciation on certain property when
method differs from federal (continued)
	Part 2 — Other property on which New York depreciation differs from federal (enter the description of each property and the
date acquired; then complete columns C through H on the corresponding lines below; see instructions).
	 Item	
	
A
	
B
	
C
	
D
	
E
	 Item	
C	
		
Cost	
			

A  Description of property	

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

	 188	 Add column E amounts
     Combine this total with line 186 and enter on line 30.
	 189	 Add column G amounts; enter on line 39.

Schedule H — 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: January 1, 1926 by commercial banks; January 1, 1944 by savings banks; January 1, 1953
by savings and loan associations
A	
B	
C	
D	
E
	

	
Description of property	
		

Cost or fair market price	
Selling price	
on valuation date		

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

Federal gain or loss

Totals (show any negative amounts with a minus (-) sign)
	190	 Add column D amounts; enter on line 31
	191	 Add column E amounts; combine this total with line 193 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	
B	
C	
D	
E
	
Description of property	
		

Depreciation basis for	
Selling price	
New York State		

New York gain or loss	

Federal gain or loss

(column C – column B)

Totals (show any negative amounts with a minus (-) sign)
	192	 Add column D amounts; combine this total with line 187 and enter on line 58
	 193	 Add column E amounts; combine this total with line 191 and enter on line 40
Schedule I — 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 121, column A (enter here and on line 23) .............................................................................. 	
Method 2 —	A New York State gross income........................................................	
	
B Worldwide gross income................................................................
Divide line A by line B (enter here and on line 23) .................................................................................................. 	
	

421012140094

%

% 	

CT-32-A (2014)  Page 8

Method 3 — Computation of subsidiary capital allocated to New York State — Attach separate sheets displaying this information
formatted as below, if necessary.
Description of subsidiary capital
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

A

Item

Name	

	

	
	
	
	

B	

% of	
voting	
stock	
owned	

C	

Average value	
of subsidiary	
capital	

(see instructions)	

D	

Current liabilities 	
attributable to	
subsidiary capital	

EIN

E	

F	

Net average	
value	

(column C – column D)	
(see instructions)		

Issuer’s	
allocation	
%	
(see instr.)

G

Value allocated
to New York State		
(column E × column F)		

A
B
C
D
E

Amounts from attached list
	194	 Totals........................................................................................ 	 194
Method 3 — Computation of business capital allocated to New York State
	195	 Average value of total assets from line 69, column A........................................................................	 195
	196	 Current liabilities (see instructions) .................................................... 	 196
	197	 Total net average value of subsidiary capital from line 194, column E	 197
	198	 Net business assets (subtract lines 196 and 197 from line 195) ..............................................................	 198
	199	 Enter the alternative ENI allocation percentage from line 121, column A.........................................	 199	
	200	 Business assets allocated to New York State (multiply line 198 by line 199) .........................................	 200
Method 3 — Computation of issuer’s allocation percentage
	201	 Subsidiary capital and business capital allocated to New York State (add line 194, column G and line 200) 	 201
	202	 Total worldwide capital (see instructions) .............................................................................................	 202
	203	 Issuer’s allocation percentage (divide line 201 by line 202). Enter here and on line 23......................... 	 203	
Composition of prepayments — Use the following worksheet to determine the prepayments of
franchise tax on line 12. If you need more space, write see attached here and enter all relevant
prepayment information on a separate sheet. Transfer the total to line 12.

	
	

%

Combined franchise tax
Date paid	

	 204	 Mandatory first installment of combined group......................................................	 204
205a	 Second combined group installment from Form CT-400.......................................	 205a			
205b	 Third combined group installment from Form CT-400............................................	 205b			
205c	 Fourth combined group installment from Form CT-400.........................................	 205c		
	 206	 Payment with extension request, from Form CT-5.3..............................................	 206
	 207	 Overpayment credited from prior years’ combined returns (see instructions) ....................................... 	 207
	
	 208	 Overpayment credited from Form CT-32-M Period
..................................................... 	 208
	 209	 Total prepayments from member corporations not previously included in the combined return
		  (from Forms CT-32-A/C) ....................................................................................................................... 	 209
	 210	 Total prepayments (add lines 204 through 209; enter on line 12) ............................................................... 	 210

421013140094

%

Amount

Page 9  CT-32-A (2014) 
Summary of tax credits claimed on line 6 against current year’s franchise tax	
Has any member of the combined group that is claiming tax credits, or has an entity of which such member is an
owner, been 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-601 ...

Form CT-613 ....

Form CT-43 ..

Form CT-601.1

Form CT-631 ....

Form CT-44 ..

Form CT-602....

Form CT-633 ....

Form CT-238

Form CT-604....

Form CT-634 ....

Form CT-249

Form CT-606....

Form CT-639 ....

Form CT-250

Form CT-607 ...

Form DTF-624...

Form CT-259

Form CT-611....

Form DTF-630...	
Credit for servicing mortgages

Form CT-501

Form CT-611.1.

(attach statement)

Form CT-502

Form CT-612....

Other credits . ...

No

	 211	 Total of credits listed above (enter here and on line 6 indicating a negative total as such;
		  attach appropriate form or statement for each credit claimed)  .................................................................	 211
	 212	 Total tax credits claimed on line 211 that are refund eligible (see instructions). ...................................	 212

Amended return information
If any member of the combined group is 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 combined group 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 combined group 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.
421014140094

Official title

)

Firm’s EIN	

Date
Preparer’s PTIN or SSN

City	
Preparer’s NYTPRIN	

State	
Date

ZIP code