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CT-44 (2006)
Part 3 — Computation of ITC
(see instructions)
A
B
C
D
E
F
Description of property
Principal use
Date
Life
Investment
ITC
acquired
(years)
credit base
(column E × appropriate rate;
see Rate schedule 1 below )
Amount from attached list .......................................................................................................................
7 Total
7.
(add column F amounts; enter here and on line 18)
...........................................................................
Rate schedule 1 — ITC rates to be used in Schedule A, Part 3
5% (.05) on first $350,000,000 of investment credit base
4% (.04) on excess of $350,000,000 of investment credit base
A New York S corporation must compute its ITC at the rate of 4% (.04). The pro-rata share of the ITC will be allowed to each individual
shareholder.
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