Form Ct3 – Fill Out and Use This PDF

The CT-3 form is the General Business Corporation Franchise Tax Return used by corporations to file their franchise tax to the New York State Department of Taxation and Finance under Tax Law – Article 9-A. It's essential for businesses beginning tax periods on or after January 1, 2021, to use this form accurately to avoid processing delays and potential penalties. For guidance on completing the return and ensuring timely filing, businesses should refer to the detailed instructions provided in Form CT-3-I.

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Form Ct3 PDF Details

In the intricate landscape of corporate taxation within New York State, the General Business Corporation Franchise Tax Return, denoted as Form CT-3, plays a pivotal role for entities operating under the Tax Law Article 9-A. This form is meticulously designed for use by corporations commencing tax periods on or after January 1, 2021, with a clear warning against its application to prior periods to avoid processing delays and penalties. The CT-3 form encompasses several critical components including the identification of the corporation with its legal name, Employer Identification Number (EIN), and trade name, if applicable, alongside its comprehensive contact and incorporation information. Furthermore, it navigates through the financial intricacies of calculating balances due or potential overpayments, determining tax liabilities based on business income, capital base, and investment capital, while also factoring in metropolitan transportation business tax (MTA surcharge) liabilities, and qualifications for preferential tax rates for specific entities like emerging technology companies or small businesses. Other notable aspects include the incorporation of amendments, federal return attachments, and a detailed section on tax credits, showcasing the form's integral role in aligning corporate fiscal responsibilities with state tax regulations.

Question	Answer
Form Name	Form Ct3
Form Length	8 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	2 min
Other names	nys dtf ct, new york state ct 3, form ct 3, ny form ct 5

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Department of Taxation and Finance

General Business Corporation Franchise Tax Return

Tax Law – Article 9-A

CT-3

Caution: This form must be used only for tax periods beginning on or after January 1, 2021. If you use it for any prior periods, the return will not be processed and will not be considered timely filed. As a result, penalties and interest may be incurred.

See instructions, Form CT-3-I, before completing return.

All filers must enter tax period:

Final return

Amended return

beginning

ending

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 address

State or country of incorporation

Care of (c/o)

Number and street or PO box

Date of incorporation

Foreign corporations: date began business in NYS

City

U.S. state/Canadian province

ZIP/Postal code

Country (if not United States)

For office use only

Principal business activity in NYS

NAICS business code number (from NYS Pub 910)

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 Part 2, line 19c. Make payable to: New York State Corporation Tax

Payment enclosed

Attach your payment here. (Detach all check stubs; see instructions for details.)

B. Are you subject to the metropolitan transportation business tax (MTA surcharge)? (see instructions;

mark an X in the appropriate box ) ..................................................................................................................

Yes

C.If you are disclaiming tax liability in New York State based on Public Law 86-272, mark an X

in the box (see instructions)

D.Do you have an interest in any partnerships? (mark an X in the appropriate box) ............................................

If Yes, enter the name(s) and EIN(s) on Form CT-60 and attach it to your return.

Yes

Third – party	Yes	No	Designee’s name (print)	Designee’s phone number
Third – party	Yes	No		(	)
designee
designee	Designee’s email address
(see instructions)	Designee’s email address				PIN

Certification: I certify that this return and any attachments are to the best of my knowledge and belief true, correct, and complete.

Authorized

Printed name of authorized person

Signature of authorized person

Official title

person

Email address of authorized person

Telephone number

Date

(

)

Paid

Firm’s name (or yours if self-employed)

Firm’s

EIN

Preparer’s PTIN or SSN

preparer

use

Signature of individual preparing this return

Address

City

State

ZIP code

only

Email address of individual preparing this return

Preparer’s NYTPRIN or

Excl. code

Date

(see instr.)

See instructions for where to file.

Content of Form CT-3

Part 1	– General corporate information	Part 5	– Computation of investment capital for the current tax year
Part 2	– Computation of balance due or overpayment	Part 6	– Computation of business apportionment factor
Part 3	– Computation of tax on business income base	Part 7	– Summary of tax credits claimed
Part 4	– Computation of tax on capital base

567001210094

Failure to meet investment capital holding period

Page 2 of 8 CT-3 (2021)

Part 1 – General corporate information

Section A – Qualification for preferential tax rates – If you are a corporation as identified in this section and qualify for preferential tax rates, mark an X in the boxes that apply to you (see instructions).

1A qualified emerging technology company (QETC) eligible for the lower business income base tax rate, 0% capital

base tax rate, and lower fixed dollar minimum tax amounts

2A qualified New York manufacturer based on the principally engaged test eligible for the 0% business income

base tax rate and lower fixed dollar minimum tax amounts

3A qualified New York manufacturer based on the principally engaged test eligible for the 0% capital base

tax rate

4A qualified New York manufacturer based on the significant employment and property test eligible for the 0% business

		income base tax rate, 0% capital base tax rate, and lower fixed dollar minimum tax amounts	4
5	A cooperative housing corporation eligible for the 0% capital base tax rate		5
6	A small business taxpayer eligible for the 0% capital base tax rate		6
		If you marked this box, complete line 6a below and Section B, line 1.

..........................................................................................................6a Total capital contributions

7A qualified entity of a New York State innovation hot spot that operates solely within such New York State innovation

	hot spot, and you have elected to be subject only to the fixed dollar minimum tax base	7
Section B – New York State information (see instructions)
1	Number of New York State employees	1
2	Wages paid to New York State employees	2
3	Number of business establishments in New York State	3
4	If you have an interest in, or have rented, real property in New York State, mark an X in the box	4

5If you are claiming an exception to the related member expense addback under Tax Law §208.9(o)(2)(B),

mark an X in the box		5
5a If you marked the line 5 box, use line 5a to report the applicable exception	Number	Amount
number (1-4) and the amount of royalty payments	5a

6If you are not protected by Public Law 86-272 and are subject to tax solely as a result of deriving receipts in

New York State, mark an X in the box

Section C – Filing information

1Federal return filed – you must mark an X in one box and attach a complete copy of your federal return

		1120-REIT
1120	1120 consolidated	or 1120-RIC	1120S	1120F

1120-H

2Amended return – If you marked the amended return box on page 1, then for any item(s) that apply, mark an X in the box

and attach documentation:

Final federal	Date of determination		NOL	Capital loss
determination			carryback	carryback....	1139	1120X

2a Enter the tax due amount from your most recently filed New York State return for this tax period . 2a

3Required attachments – For all forms, other than tax credit claim forms, that are attached to this return, mark an X in the applicable box(es)

CT-3.1

CT-3.2

CT-3.3

Other (identify):

CT-3.4

CT-60

CT-225 CT-227

4If you are claiming tax credits, enter the number of tax credit forms attached to this return. Where multiple forms

are filed for the same credit, count each form filed.	4
5 If you filed federal Form 1120F and you have effectively connected income (ECI), mark an X in the box	5

6Were you required to report any nonqualified deferred compensation, as required by Internal Revenue

Code (IRC) §457A, on your 2021 federal return? (see instructions)

Yes

7If you are a foreign corporation computing your tax taking into account only your distributive shares from multiple limited

partnerships, mark an X in the box and file Form CT-60 ........................................................................................................

567002210094

CT-3 (2021) Page 3 of 8

Part 2 – Computation of balance due or overpayment
Largest of three tax bases, minus credits
1a	Business income base tax (from Part 3, line 20)	1a
1b	Capital base tax (from Part 4, line 15; see instructions)	1b
	New York receipts
1c	Fixed dollar minimum tax (see instr)	..... 1c
2	Tax due (enter the amount from line 1a, 1b, or 1c, whichever is largest; see instructions)		2
3	Tax credits used (from Part 7, line 2; see instructions)		3
4	Tax due after credits (subtract line 3 from line 2; if line 3 is more than line 2, enter 0)		4
Penalties and interest

5Estimated tax penalty (see instructions; if Form CT-222 is

	attached, mark an X in the box)	5
6	Interest on late payment (see instructions)	6
7	Late filing and late payment penalties (see instructions)	7
8	Total penalties and interest (add lines 5, 6, and 7)	8
Voluntary gifts/contributions
9	Total voluntary gifts/contributions (from Form CT-227, Part 2, line 1)	9
10	Total amount due (add lines 4, 8, and 9)	10
Prepayments
11	Mandatory first installment from Form CT-300 (see instructions)	11
12	Second installment (from Form CT-400)	12
13	Third installment (from Form CT-400)	13
14	Fourth installment (from Form CT-400)	14
15	Payment with extension request (from Form CT-5, line 5)	15
16	Overpayment credited from prior years (see instr.) Period	16
17	Overpayment credited from CT-3-M Period	17
18	Total prepayments (add lines 11 through 17; see instructions)	18
Payment due or overpayment to be credited/refunded (see instructions)
19a	Underpayment	19a
19b	Additional amount for 2022 MFI	19b
19c	Balance due	19c
20a	Excess prepayments	20a
20b	Amount previously credited to 2022 MFI	20b
20c	Overpayment	20c
21	Amount of overpayment to be credited to next period	21
22	Balance of overpayment available (subtract line 21 from line 20c)	22
23	Amount of overpayment to be credited to Form CT-3-M	23
24	Balance of overpayment to be refunded (subtract line 23 from line 22)	24
25	Unused tax credits to be refunded	25
26	Unused tax credits applied to next period	26

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Page 4 of 8 CT-3 (2021)
Part 3 – Computation of tax on business income base
1	Federal taxable income (FTI) before net operating loss (NOL) and special deductions (see instructions).	1
2	Additions to FTI (from Form CT-225, line 5)	2
3	Add lines 1 and 2	3
4	Subtractions from FTI (from Form CT-225, line 10)	4
5	Subtract line 4 from line 3	5
6	Subtraction modification for qualified banks (from Form CT-3.2, Schedule A, line 1; see instructions) ....	6
7	Entire net income (ENI) (subtract line 6 from line 5)	7
8	Investment and other exempt income (from Form CT-3.1, Schedule D, line 1)	8
9	Subtract line 8 from line 7	9

10Excess interest deductions attributable to investment income, investment capital, and other

exempt income (from Form CT-3.1, Schedule D, line 2)	10
11 Business income (add lines 9 and 10)	11

12Addback of income previously reported as investment income (from Form CT-3.1, Schedule F,

	line 6; if zero, enter 0; see instructions)	12
13	Business income after addback (add lines 11 and 12)	13
14	Business apportionment factor (from Part 6, line 56)	14
15	Apportioned business income after addback (multiply line 13 by line 14)	15
16	Prior net operating loss conversion subtraction (from Form CT-3.3, Schedule C, line 4)	16
17	Subtract line 16 from line 15	17
18	NOL deduction (from Form CT-3.4, line 6)	18
19	Business income base (subtract line 18 from line 17)	19

20Business income base tax (multiply line 19 by the appropriate business income tax rate from the tax

rates schedule in Form CT-3-I; enter here and on Part 2, line 1a; see instructions)

Note: If you make any entry on line 2, 4, 6, 8, 10, 12, 16, or 18, you must complete and file the appropriate attachment form, or any tax benefit claimed may be disallowed, or there may be a delay in receiving such benefit. In addition, all amounts entered on these lines must be entered as positive numbers.

567004210094

						CT-3 (2021) Page 5 of 8

Part 4 – Computation of tax on capital base (see instructions)

			A	B			C
			Beginning of year	End of year			Average value
1	Total assets from federal return	1
2	Real property and marketable securities
3	included on line 1	2
3	.........................Subtract line 2 from line 1	3
4	Real property and marketable securities	4
5	at fair market value	4
5	.......Adjusted total assets (add lines 3 and 4)	5
6	Total liabilities	6
7	.........................................................Total net assets (subtract line 6, column C, from line 5, column C)				7
8	............................................................Investment capital (from Part 5, line 19; if zero or less, enter 0)				8
9	.......................................................................................Business capital (subtract line 8 from line 7)				9
10	Addback of capital previously reported as investment capital (from Part 5, line 20, column C; if zero or less, enter 0) .				10
11	.........................................................................................Total business capital (add lines 9 and 10)				11
12	.........................................................................Business apportionment factor (from Part 6, line 56)				12
13	...................................................................Apportioned business capital (multiply line 11 by line 12)				13
14

15Capital base tax (multiply line 13 by the appropriate capital base tax rate from the tax rates schedule in

Form CT-3-I; enter here and on Part 2, line 1b)		15
Part 5 – Computation of investment capital for the current tax year (see instructions)
A	B	C
Average fair	Liabilities attributable to	Net average value
market value	column A amount	(column A - column B)

16 Total capital that generates income

claimed to not be taxable by New York

under the U.S. Constitution

(from Form CT-3.1, Schedule E, line 1)	16
17 Total of stocks actually held for more than

one year (from Form CT-3.1, Schedule E,

line 2)	17
18 Total of stocks presumed held for more

than one year (from Form CT-3.1,

Schedule E, line 3)

19Total investment capital for the current year (Add column C lines 16, 17, and 18; enter the result here

and on Part 4, line 8. If zero or less, enter 0.)

Addback of capital previously reported as investment capital

20Total of stocks previously presumed held

for more than one year, but did not meet

the holding period (from Form CT-3.1,

Schedule F, line 1; enter here and on

Part 4, line 10)...........................................

A	B	C
Average fair market	Liabilities attributable	Net average value as
value as previously reported	to column A amount as	previously reported
	previously reported	(column A - column B)

567005210094

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Write down the data in D Do you have an interest in any, If Yes enter the names and EINs on, Third party designee see, Yes Designees email address, Designees name print, Designees phone number, PIN, Certification I certify that this, Printed name of authorized person, Signature of authorized person, Official title, Authorized person, Paid preparer use only see instr, Email address of authorized person, and Telephone number.

Provide the significant data in the Part General corporate, A qualified emerging technology, base tax rate and lower fixed, A qualified New York manufacturer, tax rate, A qualified New York manufacturer, income base tax rate capital base, If you marked this box complete, a Total capital contributions, A qualified entity of a New York, hot spot and you have elected to, Section B New York State, Number of New York State, mark an X in the box, and a If you marked the line box use part.

As part of section number and the amount of royalty, If you are not protected by, New York State mark an X in the, Section C Filing information, Federal return filed you must, consolidated, REIT or RIC, Amended return If you marked the, and attach documentation, Final federal determination, Date of determination, NOL carryback, Capital loss carryback, a Enter the tax due amount from, and Required attachments For all, specify the rights and responsibilities.

End by checking the following sections and completing them as required: Largest of three tax bases minus, a b, New York receipts, c Fixed dollar minimum tax see, Tax due enter the amount from, Penalties and interest, Estimated tax penalty see, attached mark an X in the box, Interest on late payment see, Voluntary giftscontributions, and Total voluntary.

ny form ct 5 Largest of three tax bases minus, a b, New York receipts, c Fixed dollar minimum tax see, Tax due enter the amount from, Penalties and interest, Estimated tax penalty see, attached mark an X in the box, Interest on late payment see, Voluntary giftscontributions, and Total voluntary blanks to insert

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