Form Cr-Q2 - Commercial Rent Tax Return - 2009/10 (Page 2 of 2) in pdf

Form CR-Q2 for the tax period September 1, 2009 to November 30, 2009 ONLY

Page 2

IF ADDITIONAL SPACE IS REQUIRED FOR SUPPLEMENTS

YOU MAY MAKE PHOTOCOPIES OF THIS PAGE OR ATTACH A SCHEDULE

EACH LINE MUST BE ACCURATELY COMPLETED

YOUR DEDUCTION WILL BE DISALLOWED IF INACCURATE INFORMATION IS SUBMITTED

LINE

DESCRIPTION

PREMISES 1

PREMISES 2

PREMISES 3

1. Street Address ...................................................... 1.

and Zip Code .............................................................

_________________________________________________________________

Block and Lot Number ................................................

_________________________________________________________________

BLOCK

LOT

BLOCK

LOT

BLOCK

LOT

2. Gross Rent Paid (see instructions) ...................... 2.

_____________________________________________________________________________________________________________________

3. Rent Applied to Residential Use .................................... _____________________________________________________________________________________________________________________

.......................................... 4.

_____________________________________________________________________________________________________________________

4. SUBTENANT'S NAME

Employer Identification Number (EIN) for

partnerships or corporations ................................................... G EIN ________________________ G EIN________________________ G EIN _______________________

Social Security Number for individuals ................................... G SSN _______________________ G SSN _______________________ G SSN _______________________

Rent received from SUBTENANT

(see instructions if more than one subtenant).................................. _____________________________________________________________________________________

5a. Other Deductions (attach schedule) .............................. _____________________________________________________________________________________________________________________

5b. Commercial Revitalization Program

special reduction (see instructions) ............................... _________________________________________________________________

6. Total Deductions (add lines 3, 4, 5a and 5b) ................. _____________________________________________________________________________________________________________________

7. Base Rent Before Rent Reduction (line 2 minus line 6) ....... _____________________________________________________________________________________________________________________

8. 35% Rent Reduction (35% X line 7) .............................. _____________________________________________________________________________________________________________________

9. Base Rent Subject to Tax (line 7 minus line 8) .............. _____________________________________________________________________________________________________________________

If the line 7 amount represents rent for less than the full 3 month period, proceed to line 10, or

NOTE

If the line 7 amount plus the line 5b amount is $62,499 or less and represents rent for the full 3 month period, transfer line 9 to line 13, or

If the line 7 amount plus the line 5b amount is $62,500 or more and represents rent for the full 3 month period, transfer line 9 to line 14

COMPLETE LINES 10, 11 AND 12 ONLY IF YOU RENTED PREMISES FOR LESS THAN THE FULL THREE-MONTH PERIOD

10. Number of Months at Premises during the tax period ........

# of months

From:

# of months

From:

# of months

From:

To:

__________________________________________________________________________________________________________________

11. Monthly Base Rent before rent reduction

(line 7 plus line 5b divided by line 10)............................ _____________________________________________________________________________________________________________________

12. Quarterly Base Rent before rent reduction

(line 11 X 3 months)....................................................... _____________________________________________________________________________________________________________________

If the line 12 amount is $62,499 or less, transfer the line 9 amount (not the line 12 amount) to line 13

If the line 12 amount is $62,500 or more, transfer the line 9 amount (not the line 12 amount) to line 14

RATE CLASS

TAX RATE

13. ($0 - 62,499).....................0%

......... ________________________________________________________________________________________

(Transfer line total to page 1-line 1)

14. ($62,500 or more)............ 6%

......... ________________________________________________________________________________________

(Transfer line total to page 1-line 2)

15. Tax Due before credit

.................

___________________________________________________________________________________________________

(line 14 multiplied by 6%)

16. Tax Credit

(see worksheet below)

....... ________________________________________________________________________________________

(Transfer line total to page 1-line 3)

Note: The tax credit only applies if line 7 plus line 5b (or line 12, if applicable) is at least $62,500, but is less than $75,000. All others enter zero

Tax Credit Computation Worksheet

(

)

If the line 7 amount represents rent for the full 3 month period, your credit is calculated as follows:

Amount on line 15 X

$75,000 minus the sum of lines 7 and 5b

= __________________________ = your credit

$12,500

(

)

If the line 7 amount represents rent for less than the full 3 month period, your credit is calculated as follows:

Amount on line 15 X