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New York State Department of Taxation and FinanceCorporation Tax MeF Acceptance Testing System for Tax Year 2025


Test 21—CTEF43

Blank or zero field values are not included. Fields requiring software calculations are not provided. Automated Clearing House debit payment is required if test results in a balance due. Please use the two-digit codes provided to you to replace the 6th and 7th digits in each test Employer Identification Number.

Test Scenario

Return type: CT-3
Liability period: 01-01-2025–12-31-2025
Employer Identification Number: 00219XX21
Legal name: CTEF43 (Followed by a space, then your software ID)
File number: Software calculated
Telephone number: 518-555-2626
Address: 43 WA Harriman Campus, Albany, NY 12227
State of incorporation: New York State
Date of incorporation: 06-01-2007
North American Industry Classification System business code number: 522110
Principal business activity: Commercial Banking

Part 1

Section B

Line 1. Number of New York State employees: 123
Line 2. Wages paid to New York State employees: 7,001,000
Line 3. Number of business establishments in New York State: 3
Line 4. Interest in, or have rented, real property in New York State: Yes

Section C

Line 1. Federal return filed: 1120
Line 3. Required attachments: CT-3.2, CT-3.4, CT-225
Line 4. Number of credit forms filed with this return: 5

Part 2

Prepayments
Date Paid Amount
Line 11 3-15-2025 520,000
Line 12 6-15-2025 520,000
Line 13 9-15-2025 520,000
Line 14  12-15-2025 520,000

Part 3

Line 1. Federal Taxable Income before Net Operating Loss and special deductions: 56,000,000

Part 4

Calculation of tax on capital base
Line number Description

A

Beginning of year

B

End of year

Line 1 Total assets from federal return 2,850,000 3,100,000
Line 2 Real property and marketable securities included on line 1 60,000 80,000
Line 4 Real property and marketable securities at fair market value 75,000 85,000
Line 6 Total liabilities 750,000 800,000

Part 5—No content

No content

Part 6

Calculation of business apportionment factor
Line number Description

A

New York State

B

Everywhere

Line 9 Interest from loans secured by real property 151,000,000 151,000,000
Line 10 Net gains from sales of loans secured by real property 3,155,000 3,155,000
Line 19 Interest from asset-backed securities and other government agency debt 9,600,000 9,600,000
Line 26 Net interest from federal funds 12,100,000 12,100,000
Line 29 Interest from other financial instruments 5,001,000 5,001,000
Line 55 Receipts from other services/activities not specified 11,100,000 11,100,000

Part 7—Software calculated

No content

CT-3.2

Schedule A—Software calculated

No content

Schedule B—No content

No content

Schedule C—No content

No content

Schedule D

Line 15. Total net interest income from qualifying loans: 25,095,381

Schedule E

Line 1. Gross interest income from loans for the entity identified: 98,000,000
Line 2. Gross interest expense for the entity identified: 41,000,000
Line 3. Average value of loans owned during the tax year by the entity identified: 2,850,000
Line 4. Average total assets during the tax year owned by the entity identified: 3,600,000
Line 8. Gross interest income from qualifying loans for the entity identified: 37,525,032
Line 9. Gross interest income from all loans for the entity identified: 98,000,000

CT-3.4

Line 5a. Net Operating Loss carryforward from prior year’s Form CT-3.4: 750,000
Line 6. Net Operating Loss to be used in the current year: 750,000

Schedule A

Apportioned business income or loss

A

Tax period beginning and ending dates

B

Amount from Form CT-3 Part 3, line 17

C

When column B is not a loss, enter the ending dates of the tax period that generated a Net Operating Loss used to reduce the amount in column B

01-01-2025—12-31-2025 44,248,039 12-31-2024
01-01-2024—12-31-2024 750,000 N/A
01-01-2023—12-31-2023 150,000 N/A
01-01-2022—12-31-2022 250,000 N/A
01-01-2021—12-31-2021 350,000 N/A
01-01-2020—12-31-2020 450,000 N/A
01-01-2019—12-31-2019 500,000 N/A
01-01-2018—12-31-2018 600,000 12-31-2024
01-01-2017—12-31-2017 -775,000 N/A

CT-225

Schedule A

Part 1

Additions
Line number Modication Number Amount
1a A-508 326,000
1b A-221 151,000
1c A-211 800,000

Part 2

Additions
Line number Modification Number Amount
3a EA-221 7,600

Schedule B

Part 1

Subtractions
Line number Modification Number Amount
6a S-218 351,000

Part 2

Subtractions
Line number Modification Number Amount
8a ES-505 2,100

CT-43

Line B. Total number of properties included on this claim: 2

Schedule A

Calculation of credit

A

Property address

B

Date mortgage recorded

C

Amount of mortgage

D

Amount of special additional mortgage recording tax paid

4189 State St, Albany, NY 12222 03-01-2025 1,760,000 15,500
281 Wolf Rd, Albany, NY 12205 04-05-2025 3,550,000 16,000

Schedule B—Software calculated

No content

Schedule C—No content

No content

Schedule D—No content

No content

CT-602

Schedule A—Software calculated

No content

Schedule B

Line 8. Unused Empire Zone capital tax credit from previous periods: 105,000

CT-604-CP

Name/Employer Identification Number of Qualified Empire Zone Enterprise partnership: Partnership 1 / 111222333
Line 1. Your share of Qualified Empire Zone Enterprise credit for real property taxes obtained from your partnership:
80,000

CT-607

Line A. Certificate number: CEJPTC12345678
Line A1. Project number: ESD2412345
Line B. Year of eligibility: 5
Line B1. Indicate the phase from your certificate of tax credit issued: Phase 2

Schedule A

Line 1. Excelsior jobs tax credit component: 60,000

Schedule B

Line 4. Excelsior investment tax credit component: 160,000

Schedule C

Line 7. Excelsior research and development Tax credit component: 110,000

Schedule D

Line 10. Excelsior real property tax credit component: 185,000

Schedule E

Line 13. Excelsior childcare services tax credit component: 60,000

Schedule F—Software calculated

No content

CT-611.1

Did the Department of Environmental Conservation accept this site into the Brownfield Cleanup Program on or after 6-23-2028 and prior to 7-1-2019: Yes
Date of execution of the Brownfield Cleanup Agreement for the brownfield site: 3-05-2016

Schedule A

Site name: Brownfield Site 1
Site location–municipality: Troy
Site location–county: Rensselaer
Department of Environmental Conservation region: 4
Division of Environmental Remediation site number: 45655
Date Certificate of Completion was transferred pursuant to the transfer or sale of the qualified site: 4-15-2021
Received notification from Department of State that qualified site, is located in a Brownfield Opportunity area: Yes

Schedule B

Site preparation credit component

A

Description of site preparation costs

B

Date costs paid or incurred

C

Costs

Fencing 11-15-2020 330,000
Demolition 03-01-2021 230,000
Electric wiring 05-01-2021 530,000

Schedule C

On-site groundwater remediation credit component

A

Description of groundwater remediation costs

B

Date costs paid or incurred

C

Costs

Groundwater remediation 06-01-2020 485,000

Schedule D

Tangible property credit component

A

Description of qualified property

B

Principle use

C

Date placed in service

D

Life

E

Costs or other basis

Evacuation Equipment Site Prep 05-01-2020 15 401,000

Line 8. Applicable percentage rate: 0.1225
Line 9b. Tangible property component limitation for the qualified site: 4,700,000
Line 9c. Tangible property component available for use in the current tax year: 4,650,000

Schedule E—No content

No content

Updated: