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Instructions for Form RPT-CC/CA

COOPERATIVE TRANSFER SUMMARY RETURN AND COOPERATIVE ABATEMENT APPLICATION

F I N A N C E

NEW YORK

ABOUT THIS COMBINED RETURN

SPECIFIC INTRUCTIONS

FOR FORM RPT-CC/CA

In an effort to reduce the burden of filing RPT-

CC returns each January and July, and a

PRE-PRINTED INFORMATION

cooperative abatement renewal each March,

Review the pre-printed information. Make

the three filings have been combined into one.

required changes where necessary. You must

The new return consists of form RPT-CC/CA

provide the cooperative’s Employee

(which is mandatory) and one of the following:

Identification Number (EIN) if it is missing.

1. An application for the Cooperative Property

SECTION A

Tax Abatement (the intial application

Check Line 1 only if none of the cooperative

request).

apartments/ units were transferred during the

period covered by the return.

2. Schedule CA (Cooperative Abatement

renewal).

If you did not check Line 1, you must,

nevertheless, check Line 2 or Line 3 or Line 4.

3. No attachment because the cooperative

housing corporation is not eligible or does

If no transfers occurred during the return

not participate in the abatement program.

period and

a. you checked line 2; complete Section C of

Each of these is described below.

this form and an application for the

Cooperative Property Tax Abatement

Form RPT-CC/CA

attached.

Filing is required.New York City Administrative

b. you checked line 3; complete Section C of

Code, Chapter 21, Section 11-2105(g) requires

this form and make any necessary changes

every cooperative housing corporation to file

on Schedule CA.

an information return. Filing Form RPTCC/CA

c. you checked line 4; you need only complete

satisfies this requirement. Failure to file this

Section C of this form.

return may result in a penalty of $100.00 and

the loss of any abatement due the cooperative

SECTION B

housing corporation.

SPECIAL NOTE:

Schedule CA

If Schedule CA is attached to Form RPT-

Partial abatement of real estate taxes is

CC/CA, you may be able to update Schedule

offered to owners of certain residential

CA for a specific transfer of a unit/apartment

cooperative and condominium properties.

instead of completing Section B. Omit Section

To determine eligibility you must register (see

Band instead update Schedule CA for either

next section). Once accepted you must

of these two situations:

complete Schedule CA annually. Failure to

complete Schedule CA will result in the loss of

1. The transfer is the last of multiple transfers

or incorrect computation of any abatement due

of the unit/apartment that occurred during

the cooperative corporation.

the period covered byreturn; or

Application for the Cooperative Property Tax

2. The unit/apartment was transferred only

Abatement

once during the period covered by the

Initial application for abatement.

return.

To apply for the cooperative property tax

abatement you must complete and submit this

For further instructions, see section titled

application. It may only be submitted by the

“Instructions for completing Schedule CA.”

board of directors or managing agent on behalf

of the entire development. Individual

Complete a separate Section B for each

cooperative apartment owners cannot apply for

transfer during the period covered by this

abatement benefits.

information return other than any transfer

described in 1 or 2 above. Indicate whether it

This application relates to cooperative

was an initial sale, resale or other type of

abatements for the fiscal year commencing

transfer and whether or not the apartment was

July 1, 2005 and must be filed by February 15,

used for business.

2005. It must be accompanied by any unfiled

information returns (Form RPT-CC/CA)

If Schedule CA is not attached, you must

covering the previous three years.

complete a separate Section B for every

transfer of each unit occurring during the

Form Rpt-Cc/ca - Cooperative Transfer Summary Return And Cooperative Abatement Application 2005 Page 3

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