Form Nyc-9.6 - Claim For Credit Applied To General Corporation Taxes - 2016 Page 3
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4form Nyc-9.6 - 2016
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scHedule B
employment opportunity relocation costs credit (administrative code sections 11-604.14 and 11-654(14))
If the taxpayer did not both relocate from outside New York State and create a minimum of ten (10) industrial or commercial employment opportunities in
New York City, do not complete Schedule B and make no entry on page 1, parts I and II, lines 2 and 5, respectively.
1. Number of industrial employment opportunities
___________________ x $500.00
relocated to New York City
1.
Number
..........................................................................................................................................................................
2. Number of commercial employment opportunities ___________________ x $300.00
2.
relocated to New York City
Number
..........................................................................................................................................................................
3.
3.
total
....................................................................................................................................................................................
4. Employment opportunity relocation costs incurred by the taxpayer in the relocation of the taxpayer from
outside the State of New York into the City of New York (Sections 11-604.14(a) (2) and 11-654(14)(a)(2))
t
a. Cost of moving furniture, files, papers and office equipment
4a.
..................................................................................
b. Cost of moving and installing machinery and equipment
4b.
..........................................................................................
c. Cost of installing telephones and other communication equipment required
as a result of relocation
4c.
.......................................................................................................................................................................
d. Cost incurred in purchasing office furniture and fixtures required as a result
of relocation
4d.
.................................................................................................................................................................................................
e. Cost of renovating the premises to be occupied as a result of the relocation, allowable
only to the extent that it does not exceed seventy-five cents (75¢) per square foot
4e.
.............................
5.
(lines 4a through 4e)
5.
total
...................................................................................................................................................................
6. Enter line 3 or line 5, whichever is less. Enter on page 1, parts I and II, lines 2 and 5
6.
...............................
INstructIoNs for scHedule B
Effective August 30, 2005, taxpayers relocating to premises within an Industrial
b)
the costs incurred by the taxpayer in moving and installing machinery
Business Zone established pursuant to section 22-626 of the Administrative
and equipment into the City from a location outside the State;
Code for which a binding contract to purchase or lease was entered into by the
c)
the costs of installing telephones and other communication equipment
taxpayer after June 30, 2005 MAY NOT take the relocation credit provided on
required as a result of the relocation to the City from a location outside
this schedule for industrial employment opportunities but are entitled to a new
the State;
one time credit for tax years beginning after December 30, 2005. See Admin-
istrative Code §§11-604.14 and 11-604.17-b as added by Chapter 635 of the
d)
the cost incurred in the purchase of office furniture and fixtures re-
Laws of 2005 and Schedule C below. See also Administrative Code §§11-654.14
quired as a result of the relocation to the City from a location outside
and 11-654(17-b).
the State; and
Corporations subject to the Business Corporation Tax or General Corporation Tax
e)
the cost of renovation of the premises to be occupied as a result of the re-
are allowed a credit against the tax for certain costs incurred in relocating commer-
location, provided, however, that such renovation costs shall be allowable
cial or industrial employment opportunities to New York City from an area outside
only to the extent that they do not exceed seventy-five cents per square
the State of New York. To the extent this credit exceeds the taxpayer’s tax liability
foot of the total area utilized by the taxpayer in the occupied premises.
calculated without this credit, it shall be refunded without interest. In order to be
eligible for this credit, a taxpayer must relocate to the City a minimum of ten such
employment opportunities. The relocation costs for which the credit may be claimed
OTHER DEFINITIONS:
are those incurred during the tax year in connection with employment opportunities
relocated to the City during the tax year.
a)
"Employment opportunity" means the creation of a full-time position
of gainful employment for an industrial or commercial employee and
The allowable credit is based upon "employment opportunity relocation costs"
the actual hiring of such employee for the position.
incurred by the taxpayer during its taxable year, but may not exceed a maximum of:
b)
"Industrial employee" means one engaged in the manufacturing or as-
(a)
$300 for each commercial employment opportunity; and
sembling of tangible goods or the processing of raw materials.
(b)
$500 for each industrial employment opportunity, relocated to the City
c)
"Commercial employee" means one engaged in the buying, selling or
from an area outside the State.
otherwise providing of goods or services other than on a retail basis.
The relocation costs credit may be taken by the taxpayer in whole or in part in the
d)
"Retail" means the selling or otherwise disposing of tangible goods di-
year in which the employment opportunities are relocated by such taxpayer or in ei-
rectly to the ultimate user or consumer.
ther of the two years succeeding such event.
e)
"Full-time position" means a position of gainful employment where
For purposes of the credit, "employment opportunity relocation costs" means:
the number of hours worked by the employee is not less than 30 hours
during any given work week.
a)
the costs incurred by the taxpayer in moving furniture, files, papers and
office equipment into the City from a location outside the State;
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