Form Nyc-9.6 - Claim For Credit Applied To General Corporation Tax - 2013 Page 3
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4Form NYC-9.6 - 2013
Page 3
SCHEDULE B
Employment opportunity relocation costs credit (Administrative Code Section 11-604.14)
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
Number
1.
..........................................................................................................................................................................
2. Number of commercial employment opportunities ___________________ x $300.00
relocated to New York City
2.
Number
..........................................................................................................................................................................
TOTAL
3.
3.
....................................................................................................................................................................................
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 (Section 11-604.14(a) (2))
M
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.
.............................
(lines 4a through 4e)
TOTAL
5.
5.
...................................................................................................................................................................
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
c)
the costs of installing telephones and other communication equipment
Business Zone established pursuant to section 22-626 of the Administrative
required as a result of the relocation to the City from a location outside
Code for which a binding contract to purchase or lease was entered into by the
the State;
taxpayer after June 30, 2005 MAY NOT take the relocation credit provided on
this schedule for industrial employment opportunities but are entitled to a new
d)
the cost incurred in the purchase of office furniture and fixtures re-
one time credit for tax years beginning after December 30, 2005. See Admin-
quired as a result of the relocation to the City from a location outside
istrative Code §§11-604.14 and 11-604.17-b as added by Chapter 635 of the
the State; and
Laws of 2005 and Schedule C below.
e)
the cost of renovation of the premises to be occupied as a result of the
Corporations subject to the General Corporation Tax are allowed a credit against
relocation, provided, however, that such renovation costs shall be al-
the tax for certain costs incurred in relocating commercial or industrial employment
lowable only to the extent that they do not exceed seventy-five cents
opportunities to New York City from an area outside the State of New York. In
per square foot of the total area utilized by the taxpayer in the occupied
order to be eligible for this credit, a taxpayer must relocate to the City a minimum
premises.
of ten such employment opportunities. The relocation costs for which the credit may
be claimed are those incurred during the tax year in connection with employment op-
OTHER DEFINITIONS:
portunities relocated to the City during the tax year.
a)
"Employment opportunity" means the creation of a full-time position
The allowable credit is based upon "employment opportunity relocation costs"
of gainful employment for an industrial or commercial employee and
incurred by the taxpayer during its taxable year, but may not exceed a maximum of:
the actual hiring of such employee for the position.
(a)
$300 for each commercial employment opportunity; and
b)
"Industrial employee" means one engaged in the manufacturing or as-
sembling of tangible goods or the processing of raw materials.
(b)
$500 for each industrial employment opportunity, relocated to the City
from an area outside the State.
c)
"Commercial employee" means one engaged in the buying, selling or
The relocation costs credit may be taken by the taxpayer in whole or in part in the
otherwise providing of goods or services other than on a retail basis.
year in which the employment opportunities are relocated by such taxpayer or in ei-
d)
"Retail" means the selling or otherwise disposing of tangible goods di-
ther of the two years succeeding such event.
rectly to the ultimate user or consumer.
For purposes of the credit, "employment opportunity relocation costs" means:
e)
"Full-time position" means a position of gainful employment where
the number of hours worked by the employee is not less than 30 hours
a)
the costs incurred by the taxpayer in moving furniture, files, papers and
during any given work week.
office equipment into the City from a location outside the State;
b)
the costs incurred by the taxpayer in moving and installing machinery
and equipment into the City from a location outside the State;
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