Form Nyc-9.6 - Claim For Credit Applied To General Corporation Taxes

form Nyc-9.6 - 2015

page 4

scHedule c

Industrial Business Zone credit (administrative code sections 11-604.17-b and 11-654(17-b))

Location(s) of business operations continuously during the 24 months immediately preceding relocation

property locatIoN

street address

city & state

Zip code

Date(s) of relocation __________________________

Address of business operations in the Industrial Business Zone

property locatIoN

street address

city & state

Zip code

Description of Business: ___________________________________________________________________________

Number of employees working at least 35 hours per week________________X $1,000 = ...............................................5. _____________________

Number of employees working at least 15 hours but less than 35 hours per week _________X 1/2 = ________X $1,000 (see instr.)......6. _____________________

Total of lines 5 and 6 ........................................................................................................................................................7. _____________________

Relocation costs incurred by the taxpayer (see instructions):

a. cost of moving furniture, files, papers and office equipment.........................................................................................8a. ____________________

b. cost of moving and installing machinery and equipment ..............................................................................................8b. _____________________

c. cost of installing telephones and other communication equipment required as a result of relocation ..........................8c. _____________________

d. Cost of floor preparation ...............................................................................................................................................8d. _____________________

e. Other (description and cost --attach rider if needed):

___________________________________________________________________________________________ 8e. _____________________

Total (lines 8a-8e) ...............................................................................................................................................................9. _____________________

10. Lesser of line 7 and 9 or $100,000. Enter on page 1, parts I and II lines 2 and 5. .........................................................10. _____________________

INstructIoNs for scHedule c

For taxable years beginning on or after January 1, 2006, an eligible business that first en-

chinery and supplies directly to an eligible premises, from one or more locations of an el-

ters into a binding contract on or after July 1, 2005 to purchase or lease eligible premises

igible business, including at least one location at which such business conducts substan-

to which it relocates is allowed the industrial business zone tax (“IBZ”) credit, a one-

tial business operations and engages primarily in industrial and manufacturing activities.

For purposes of determining the “date of relocation”, enter the earlier of (1) the date of

time credit to be credited against its GCT liability or refunded without interest to the ex-

tent it exceeds the taxpayer’s GCT liability calculated without that credit. The amount

the completion of the relocation to the eligible premises, or (2) ninety days from the com-

of the credit is $1,000 per full-time employee, provided that the amount of the credit may

mencement of the relocation to the eligible premises.

§§

not exceed the lesser of the actual relocation costs or $100,000. See Ad. Code

11-

Lines 5 and 6:

§11-654(17-b)

604.17-b, as added by Chapter 635 of the Laws of 2005 and Ad. Code

The amount of the credit is calculated based on the number of “full-time employees.”

“Full-time employee” means (1) one person gainfully employed in an eligible premises

For purposes of this credit, the following definitions apply:

by an eligible business where the number of hours required to be worked by such person

1. “eligible business” means any business subject to GCT that (1) has been conducting

is not less than 35 hours per week; or (2) two persons gainfully employed in an eligible

substantial business operations and engaging primarily in industrial and manufacturing

premises by an eligible business where the number of hours required to be worked by

activities at one or more locations within the City or outside New York State contin-

each such person is more than fifteen hours per week but less than 35 hours per week. The

uously during the 24 consecutive full months immediately preceding relocation, (2)

number of full-time employees for purpose of completing lines 5 and 6 is the average

has leased the premises from which it relocates continuously during the 24 consecutive

number of full-time employees, calculated on a weekly basis, employed in the eligible

full months immediately preceding relocation, (3) first enters into a binding contract on

premises by the eligible business in the fifty-two week period immediately following the

or after July 1, 2005 to purchase or lease eligible premises to which the business will

earlier of (1) the date of the completion of the relocation to eligible premises or (2) ninety

relocate, (4) will be engaged primarily in industrial and manufacturing activities at the

days from the commencement of the relocation to the eligible premises. This credit must

eligible premises, and (5) does not receive benefits under the REAP or Lower Man-

be taken in the taxable year in which such fifty-two week period ends.

hattan REAP Program or through a grant program administered by the Business Relo-

Line 5:

cation Assistance Corporation or through the New York City Printers Relocation Fund

grant.

Enter the average number of employees working not less than 35 hours per week.

2. “eligible premises” means premises located entirely within an industrial business

Line 6:

zone. For any eligible business, an industrial business zone credit will not be granted

Enter the average number of employees working more than 15 hours but less than 35

with respect to more than one eligible premises.

hours per week. If after multiplying by 1/2, the number is not a whole number, round

down to the whole number.

3. “industrial business zone” means an area within New York City established pur-

Line 8:

suant to section 22-626 of the Administrative Code.

“Relocation costs” means costs incurred in the relocation of the furniture, fixtures, equip-

4. “industrial and manufacturing activities” means activities involving the assembly of

ment, machinery and supplies, including, but not limited to, the cost of dismantling and

goods to create a different article, or the processing, fabrication , or packaging of goods. In-

reassembling equipment and the cost of floor preparation necessary for the reassembly

dustrial and manufacturing activities shall not include waste management or utility services.

of the equipment. Relocation costs include only such costs that are incurred during the

ninety-day period immediately following the commencement of the relocation to an eli-

SPECIFIC LINE INSTRUCTIONS

gible premises. Relocation costs do not include costs for structural or capital improve-

Line 2: “relocation” means the physical relocation of furniture, fixtures, equipment, ma-

ments or items purchased in connection with the relocation.

Form Nyc-9.6 - Claim For Credit Applied To General Corporation Taxes - 2015 Page 4

Related Articles

Related forms

Related Categories