New York Banking Corporation MTA Surcharge Return

Banking Corporation MTA Surcharge Return
Form CT-32-M:2014: Banking Corporation MTA Surcharge Return, ct32m
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repealed.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-M

New York State Department of Taxation and Finance

Banking Corporation
MTA Surcharge Return
Tax Law — Article 32, Section 1455-B

All filers must enter tax period:
beginning

Amended return
	 Employer identification number (EIN)	

File number	

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
	 Number and street or PO box			
	

ending

City	

State	

NAICS business code number (from NYS Pub 910)	

Date received (for Tax Department use only)

Date of incorporation

ZIP code

Foreign corporations: date began
business in NYS

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.
A.	
Pay amount shown on line 14. Make payable to: New York State Corporation Tax	
	
		 Attach your payment here. Detach all check stubs. (See instructions for details.) 	

Audit (for Tax Department use only)

Payment
enclosed
			

A

Computation of Metropolitan Commuter Transportation District (MCTD) allocation percentage (see instructions)
	 1	 Gross income within MCTD ..............................................................................................................	
	 2	 Gross income within New York State................................................................................................	
	 3	 MCTD gross income allocation percentage (divide line 1 by line 2) .................................................... 	

1
2
3	

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

4
5
6

Computation of MTA surcharge

Net New York State franchise tax (see instructions) ........................................................................... 	
Allocated tax (multiply line 4 by line 3) ................................................................................................ 	
MTA surcharge (multiply line 5 by 17% (.17)) ....................................................................................... 	
First installment of estimated MTA surcharge for next period (see instructions)
If you filed a request for extension, enter amount from Form CT-5, line 7, or Form CT-5.3, line 10.	
If you did not file Form CT-5 or Form CT-5.3, see instructions........................................................ 	
Add lines 6 and 7a or 7b....................................................................................................................	
Total prepayments (from line 25) .........................................................................................................	
Balance (if line 9 is less than line 8, subtract line 9 from line 8) ..................................................................	
Estimated tax penalty (see instructions; mark an X in the box if Form CT-222 is attached) 	
............... 	
Interest on late payment (see instructions) ......................................................................................... 	
Late filing and late payment penalties (see instructions) .................................................................... 	
Balance due (add lines 10 through 13 and enter here; enter payment amount on line A above) ...................	
Overpayment (if line 8 is less than line 9, subtract line 8 from line 9; see instructions) .................................	
Amount of overpayment to be credited to New York State franchise tax (see instructions).............. 	
Amount of overpayment to be credited to MTA surcharge for next period (see instructions) . ...........	
Amount of overpayment to be refunded (see instructions) .................................................................	

424001140094

7a
7b
8
9
10
11
12
13
14
15
16
17
18

%

Page 2 of 2  CT-32-M (2014)

Computation of prepayments on line 9 (see instructions)
	 19	
	20a	
	20b	
	20c	
	 21	
	 22	
	 23	
	 24	
	 25	

	
Date paid	
Mandatory first installment............................................................................	 19
Second installment from Form CT-400..........................................................	 20a	
Third installment from Form CT-400..............................................................	 20b	
Fourth installment from Form CT-400............................................................	 20c
Payment with extension request, Form CT-5, line 10, or Form CT-5.3, line 13.	 21
Overpayment credited from prior years.............................................................................................	
Add lines 19 through 22................................................................................................................... 	
Overpayment credited from Form CT-32 or CT-32-A	 Period 	
....................................... 	
Total prepayments (add lines 23 and 24; enter here and on line 9) ...........................................................	

Amount

22
23
24	
25

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.

424002140094

Official title

)

Firm’s EIN	

Date
Preparer’s PTIN or SSN

City	
Preparer’s NYTPRIN	

State	
Date

ZIP code