Form Nyc-9.5 - Claim For Reap Credit Applied To General Corporation Tax And Banking Corporation Tax - 2010

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9.5
CLAIM FOR REAP CREDIT APPLIED TO GENERAL
NYC
2010
CORPORATION TAX AND BANKING CORPORATION TAX
NEW YORK CITY DEPARTMENT OF FINANCE
TM
Finance
ATTACH TO FORM NYC-3L, NYC-3A, NYC-1 or NYC-1A
For CALENDAR YEAR 2010 or FISCAL YEAR beginning ____________________ 2010 and ending ____________________________
USE FORM NYC-9.6 IF YOU ARE FILING A CLAIM FOR EITHER A REAL ESTATE TAX ESCALATION CREDIT OR
AN EMPLOYMENT OPPORTUNITY RELOCATION COSTS CREDIT. USE FORM NYC-9.8 IF YOU ARE FILING A
CLAIM FOR THE LOWER MANHATTAN REAP CREDIT (LMREAP). IF YOU ARE FILING A CLAIM FOR A SALES
TAX CREDIT, YOU MUST USE A FORM NYC-9.5 FOR THE APPROPRIATE PRIOR YEAR. SEE INSTRUCTIONS.
Print or Type
M
Name as shown on NYC-3L, NYC-3A, NYC-1 or NYC-1A
EMPLOYER IDENTIFICATION NUMBER
Type of Business:
I I
I I
I I
COMMERCIAL
INDUSTRIAL
RETAIL
Check one:
FEDERAL BUSINESS CODE
Corporation Tax year
for which claim is made
Date ended: month:
, year:
________________________
:
______________
Form NYC-9.5 must be attached to and submitted with General Corporation Tax Return (Form NYC-3L), Combined General Corporation Tax Return (Form
NYC-3A), Banking Corporation Tax Return (Form NYC-1) or Combined Banking Corporation Tax return (Form NYC-1A) in order to claim the REAP credit.
Relocation and Employment Assistance Program (REAP) Credit
If you have carryover credits from preceding years, complete the carryover schedule below regardless of whether you will carry over credits to the current year.
L
Enter in column B (the applied column) the amount applied to each carryover year until the total applied agrees with the amount on line 6.
NONREFUNDABLE CREDIT APPLIED AGAINST GENERAL CORPORATION TAX OR BANKING CORPORATION TAX - SEE INSTRUCTIONS.
1. Current yearʼs tax, including sales tax addback if applicable less the UBT Paid Credit (see instructions)
..........
1.
2. Computation of current yearʼs credit:
(number of eligible aggregate employment shares: ___________ X the applicable amount (see instructions)) ....................
2.
3. If line 2 is greater than line 1, enter the difference and skip lines 4 through 7. Transfer amount
on line 1 to line 9 (see instructions)
.....................................................................................................................................................
3.
4. If line 2 is less than line 1, enter the difference. Complete carryover schedule below
................................................
4.
5. Total carryover credits from prior taxable years (line 8f, column A below)
.......................................................................
5.
6. Amount of carryover credit that may be carried over to the current year.
Enter lesser of line 4 or line 5
...............................................................................................................................................................
6.
7. Total allowable credit for current year. Sum of the current year credit plus the applicable
carryover from prior years. Add lines 2 and 6. Go to line 9
.....................................................................................................
7.
REAP carryover schedule
COLUMN B
COLUMN C
COLUMN A
A
You may not carry over the 5th
C
N
Y
C
C
Y
PPLIED
ARRYOVER TO
EXT
EAR
ARRYOVER TO
URRENT
EAR
preceding yearʼs credit to next year.
(column A minus column B)
(unused credit)
8a. Carryover from 5th preceding year
..........
8a.
8b. Carryover from 4th preceding year
.........
8b.
8c. Carryover from 3rd preceding year
.........
8c.
8d. Carryover from 2nd preceding year
........
8d.
8e. Carryover from 1st preceding year
..........
8e.
8f. Total
....................................................................
8f.
Allowable nonrefundable REAP credit for current year (amount from line 1 or line 7, whichever is less)
9.
.............
9.
REFUNDABLE CREDIT APPLIED AGAINST GENERAL CORPORATION TAX OR BANKING CORPORATION TAX
10. COMPUTATION OF REFUNDABLE CREDIT
Number of eligible aggregate employment shares: _______________ X $3,000.
..............................................................
10.
TOTAL OF NONREFUNDABLE AND REFUNDABLE CREDITS
11. Line 9 plus line 10. Transfer amount to Form NYC-3L, Sch. A, line 8a; Form NYC-3A, Sch. A, line 10a;
Form NYC-1, Sch. A, line 8a or Form NYC-1A, Sch. A, line 10a:
........................................................................................................
11.
00711091
NYC - 9.5 2010

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