New York Tax Exempt Domestic International Sales Corporation (DISC) Information Return (OBSOLETE)

Tax Exempt Domestic International Sales Corporation (DISC) Information Return (OBSOLETE)
Form CT-3-B:2014:Tax-Exempt Domestic International Sales Corporation (DISC) Information Return:CT3B
CT-3-B
Amended return

New York State Department of Taxation and Finance

Tax-Exempt Domestic International
Sales Corporation (DISC)
Information Return
All filers must enter tax period:
Tax Law – Article 9-A

Employer identification number (EIN)	

File number	

beginning

(	

		
Legal name of corporation	

)	

Trade name/DBA

		

Mailing name (if different from legal name above) 		

		
		

c/o

	

Number and street or PO box			

City	
State	
ZIP code	
					

		

NAICS business code number (from NYS Pub 910)	

NYS principal business activity

Date authorized to do business in New York State (foreign corporations only)	
	

State or country of incorporation

B	
C	
D	
E	

Date received (for Tax Department use only)

Date of incorporation

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.

Audit (for Tax Department use only)

If not authorized to do business in New York State, mark an X in the box:
(foreign corporations only) 	
	

	 A.	 Pay amount shown on line E. Make payable to: New York State Corporation Tax	
		 Attach your payment here. Detach all check stubs. (See instructions for details.) 	

	
	
	
	

ending
For office use only

Business telephone number	

Maintenance fee for an authorized foreign corporation ($300 for a full year; see instructions for short-period return).	
Interest on late payment (see instructions) ................................................................................................... 	
Late filing and late payment penalties (see instructions) .............................................................................. 	
Balance due (add lines B, C, and D and enter here; enter the payment amount on line A above) ........................... 	

Payment
enclosed
			

A
B
C
D
E

Information from Form CT-3, General Business Corporation Franchise Tax Return, Form CT-3-ATT, Schedules B, C, and D — Attachment
to Form CT-3, and Form CT-3-B is used to complete Form CT-3-C, Consolidated Franchise Tax Return. Therefore, the schedules (except
Schedule E) and line numbers on this form correspond to those on Forms CT-3, CT-3-ATT, and CT-3/4-I, Instructions for Forms CT-4, CT-3,
and CT-3-ATT. Stockholders filing as part of a combined group should see Form CT-3-B-I, Instructions for Form CT-3-B.

Computation of entire net income (ENI)
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	

1	
2	
3	
4a	
4b	
5a	
5b	
6	
7	
8	
9	
10	
11	
12	
13	
14	
15	
16	
17	
18	
19	

Federal taxable income (FTI) before net operating loss (NOL) and special deductions............................ 	
Interest on federal, state, municipal, and other obligations not included on line 1................................... 	
Interest paid to a corporate stockholder owning more than 50% of issued and outstanding stock . ...... 	
Interest deductions directly attributable to subsidiary capital................................................................. 	
Noninterest deductions directly attributable to subsidiary capital.......................................................... 	
Interest deductions indirectly attributable to subsidiary capital.............................................................. 	
Noninterest deductions indirectly attributable to subsidiary capital....................................................... 	
New York State and other state and local taxes deducted on your federal return.................................... 	
Federal depreciation from Form CT-399, if applicable............................................................................... 	
Other additions ............................................................................................................................................................. 	
Add lines 1 through 8................................................................................................................................. 	
Income from subsidiary capital (from Schedule C, line 26) ....................... 	 10
Fifty percent of dividends from nonsubsidiary corporations................. 	 11
Foreign dividends gross-up not included on lines 10 and 11............... 	 12
New York net operating loss deduction (NOLD) (attach federal and NYS computations) 	 13
Allowable New York depreciation from Form CT-399, if applicable...... 	 14
Other subtractions ................................................................................ 	 15
Total subtractions (add lines 10 through 15) .................................................................................................. 	
ENI (subtract line 16 from line 9 above; show loss with a minus (-) sign; enter here and on line 42) .......................... 	
Investment income before allocation (from Schedule B, line 22, but not more than line 17 above) .................... 	
Business income before allocation (subtract line 18 from line 17) .................................................................. 	

Attach a complete copy of your federal return. See instructions.
474001140094

1
2
3
4a
4b
5a
5b
6
7
8
9

16
17
18
19

Page 2 of 6  CT-3-B (2014)

Computation of capital

	
	

A	
Beginning of year	

B	
End of year	

	 26	 Total assets from federal return ..................... 	 26	
00	
	 27	 Real property and marketable securities
00	
		  included on line 26 ...................................... 	 27	
	 28	 Subtract line 27 from line 26........................... 	 28	
00	
	 29	 Real property and marketable securities at
00	
		  fair market value .......................................... 	 29	
	 30	 Adjusted total assets (add lines 28 and 29) ........ 	 30	
00	
	 31	 Total liabilities.................................................. 	 31	
00	
	 32	 Total capital (subtract line 31, column C, from line 30, column C) ...................................................................... 	
	 33	 Subsidiary capital (from Schedule C, line 28) ................................................................................................. 	
	 34	 Business and investment capital (subtract line 33 from line 32) ..................................................................... 	
	 35	 Investment capital (from Schedule B, line 7, column E) ................................................................................... 	
	 36	 Business capital (subtract line 35 from line 34) ............................................................................................... 	

C
Average value

00	

00	

00	
00	

00
00

00	
00	
00	

00
00
00

32
33
34
35
36

Computation of minimum taxable income (MTI)
	 42	 ENI from page 1, line 17 ............................................................................................................................ 	 42

Adjustments
	
	
	
	
	
	
	
	
	

43	
44	
45	
46	
47	
48	
49	
50	
51	

Depreciation of tangible property placed in service after 1986................................................................. 	
Amortization of mining exploration and development costs paid or incurred after 1986.......................... 	
Amortization of circulation expenditures paid or incurred after 1986 (personal holding companies only) ...... 	
Basis adjustments in determining gain or loss from sale or exchange of property................................... 	
Long‑term contracts entered into after February 28, 1986 . ..................................................................... 	
Installment sales of certain property.......................................................................................................... 	
Merchant marine capital construction funds ............................................................................................ 	
Passive activity loss (closely held and personal service corporations only) ........................................................ 	
Add lines 42 through 50 ............................................................................................................................. 	

43
44
45
46
47
48
49
50
51

	Tax preference items
	
	
	
	
	
	
	
	
	
	
	
	
	
	

52	
53	
54	
55	
56	
57	
58	
59	
60	
61	
62	
63	
64	
65	

Depletion.................................................................................................................................................... 	 52
Intangible drilling costs.............................................................................................................................. 	
Add lines 51 through 54 .............................................................................................................................  	
New York NOLD from page 1, line 13........................................................................................................ 	
Add lines 55 and 56................................................................................................................................... 	
Alternative net operating loss deduction (ANOLD).................................................................................... 	
MTI (subtract line 58 from line 57) ................................................................................................................... 	
Investment income before apportioned NOLD (add page 1, line 18 and page 5, line 21) ................................ 	
Investment income not included in ENI but included in MTI..................................................................... 	
Investment income before apportioned ANOLD (add lines 60 and 61) ......................................................... 	
Apportioned New York ANOLD ................................................................................................................. 	
Alternative investment income before allocation (subtract line 63 from line 62) ............................................. 	
Alternative business income before allocation (subtract line 64 from line 59) ................................................ 	

54
55
56
57
58
59
60
61
62
63
64
65

(continued)

474002140094

CT-3-B (2014)  Page 3 of 6

Schedule A, Part 3 — Computation of business allocation
	
	

	Receipts in the regular course of business from:
	 129	
	 130	
	 131	
	 132	
	 133	
	 134	
	 135	

Sales of tangible personal property allocated to New York State .... 	
All sales of tangible personal property............................................. 	
Services performed.......................................................................... 	
Rentals of property........................................................................... 	
Royalties . ........................................................................................ 	
Other business receipts................................................................... 	
Total (add lines 129 through 134) .......................................................... 	

A	
New York State	

B
Everywhere

129
130
131
132
133
134
135

Schedule A, Part 4 — Computation of alternative business allocation for MTI base
	
	

	Receipts in the regular course of business from:
	 149	
	 150	
	 151	
	 152	
	 153	
	 154	
	 155	

Sales of tangible personal property allocated to New York State .... 	
All sales of tangible personal property............................................. 	
Services performed.......................................................................... 	
Rentals of property . ........................................................................ 	
Royalties . ........................................................................................ 	
Other business receipts................................................................... 	
Total (add lines 149 through 154) .......................................................... 	

A	
New York State	

B
Everywhere

149
150
151
152
153
154
155

(continued)

474003140094

Page 4 of 6  CT-3-B (2014)

Schedule B, Part 1 —	 Computation of investment capital and investment allocation percentage
	

Attach separate sheets if necessary, displaying this information formatted as below.

Section 1 — Corporate and governmental debt instruments
Description of investment (identify each debt instrument and its date of maturity here; for each debt instrument complete columns C through G on
the corresponding lines below)
	Item	
A — Debt instrument
B — Maturity date
	 A
	 B

­	 	

C	
	Item	
Average value	
			
			

D	
E	
Liabilities directly or	
Net average value	
indirectly attributable to	
(column C – column D)	
investment capital		

F	
Issuer’s	
allocation	
%	

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

	 A
	 B
		 Amounts from attached list	
	

	 Totals of Section 1
1

Section 2 — Corporate stock, stock rights, stock warrants, and stock options
Description of investment (identify each investment and enter number of shares here; for each investment complete columns C through G on the
corresponding lines below)
	Item	

B — Number of shares

A — Investment

	 A
	 B
		
C	
	Item	
Average value	
			
			

D	
E	
Liabilities directly or	
Net average value	
indirectly attributable to	
(column C – column D)	
investment capital		

F	
Issuer’s	
allocation	
%	

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

	 A
	 B	
		 Amounts from attached list
		

Totals of Section 2

 	 2
		 	Totals of Section 1 (from line 1)
 	 3
	 	 Totals (add lines 2 and 3 in columns C, D, E, and G)
	 4
	 5	 Investment allocation percentage without the addition of cash (divide line 4, column G, by line 4, column E) .............. 	
		 Cash (optional)
	 6	
	 	 Investment capital (add lines 4 and 6 in columns C, D, and E). Enter column E total on page 2, line 35 of this form.
	 7

474004140094

5	

%

CT-3-B (2014)  Page 5 of 6
	Legal name of corporation	

EIN

Schedule B, Part 2 — Computation of investment income before allocation
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	

8	
9	
10	
11	
12	
13	
14	
15	
16	
17	
18	
19	
20	
21	
22	

Interest income from investment capital in Part 1, Section 1 .................................................................... 	
Interest income from bank accounts (if Schedule B, line 5 is zero, enter 0 here).............................................. 	
All other interest income from investment capital . ................................................................................... 	
Dividend income from investment capital . ............................................................................................... 	
Net capital gain or loss from investment capital ....................................................................................... 	
Investment income other than interest, dividends, capital gains, or capital losses . ................................ 	
Total investment income (add lines 8 through 13) .......................................................................................... 	
Interest deductions directly attributable to investment capital........... 	 15
Noninterest deductions directly attributable to investment capital.... 	 16
Interest deductions indirectly attributable to investment capital........ 	 17
Noninterest deductions indirectly attributable to investment capital.	 18
Total deductions (add lines 15 through 18) .................................................................................................... 	
Balance (subtract line 19 from line 14) ............................................................................................................ 	
Apportioned New York NOLD.................................................................................................................... 	
Investment income before allocation (subtract line 21 from line 20; enter here and on page 1, line 18) .............. 	

8
9
10
11
12
13
14

19
20
21
22

Schedule C, Part 1 — Income from subsidiary capital
	
	
	
	

23	
24	
25	
26	

Interest from subsidiary capital (attach list) ................................................................................................. 	
Dividends from subsidiary capital (attach list) ............................................................................................. 	
Capital gains from subsidiary capital (attach list) ........................................................................................ 	
Total (add lines 23 through 25; enter here and on page 1, line 10) ....................................................................... 	

23
24
25
26

Schedule C, Part 2 — Computation and allocation of subsidiary capital base

Include all corporations (except a DISC) in which you own more than 50% of the voting stock. Attach separate sheets if necessary,
displaying this information formatted as below.
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)

	 Item	

Name	

EIN

A
B
C
A
Item

B
% of voting
stock
owned

C
Average
value

D
	 Liabilities directly or indirectly
attributable to
	
subsidiary capital

E
Net average
value
(column C – column D)

F
Issuer’s
allocation
%

A
B
C
Amounts from
attached list.......
	 27	 Totals (add
		 amounts in
		 columns C
		 and D) .... 	 27
	 28	 Total net average value of subsidiary capital
		  (add amounts in column E; enter here and on page 2, line 33) ..............	 28

	 29	 Subsidiary capital base before deduction (add column G amounts)  ...................................................................	 29
	 30	 Value of subsidiary capital included in column G of subsidiaries taxable under Tax Law Article 32;
		  Article 33; or Article 9, section 186 ..............................................................................................................	 30
	 31	 Subsidiary capital base (subtract line 30 from line 29)  .........................................................................................	 31

474005140094

G
Value allocated
to New York State
(column E x column F)

Page 6 of 6  CT-3-B (2014)

Schedule E — Computation of adjusted minimum tax
	
	
	
	
	

1	
2	
3	
4	
5	

ENI from page 1, line 17........................................................................ 	 1
Depletion from page 2, line 52.............................................................. 	 2
Total (add lines 1 and 2) ................................................................................................................................ 	 3
Investment income before allocation from page 1, line 18........................................................................ 	 4
Modified business income before allocation (subtract line 4 from line 3) ....................................................... 	 5

Location of corporation’s books and records
If more than 50% of the stock of this corporation is owned by another corporation, enter the name and EIN of the parent corporation:
	 Parent corporation’s name	

EIN

Corporations organized outside New York State complete the following for capital stock issued and outstanding:
	 Number of par shares	

Value	

		

$		

Number of no-par shares	

Value

$

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:

Net operating loss (NOL) carryback ....	

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	

Official title
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.

474006140094

Date

)

Firm’s EIN	

Preparer’s PTIN or SSN
City	
Preparer’s NYTPRIN	

State	
Date

ZIP code