Form Nyc-114.8 Draft - Lmreap Credit Applied To Unincorporated Business Tax

- 114.8

LOWER MANHATTAN RELOCATION EMPLOYMENT

2017

ASSISTANCE PROGRAM (LMREAP) CREDIT

Department of Finance

APPLIED TO UNINCORPORATED BUSINESS TAX

AttACH tO FORM NYC-202, NYC-202EIN OR NYC-204

uSe foRm nYC-114.5 if You aRe filinG a Claim foR a Reap CRedit. uSe foRm nYC-114.6 if You aRe filinG a Claim

foR eitHeR a Real eState taX eSCalation CRedit oR an emploYment oppoRtunitY ReloCation CoStS CRedit.

For CALENDAR YEAR 2017 or FISCAL YEAR beginning ______________________ 2017 and ending ___________________________

Name as shown on NYC-202, 202-EIN or NYC-204:

PARTNERSHIPS, ESTATES AND TRUSTS ONLY,

ENTER EMPLOYER IDENTIFICATION NUMBER

Type of Business:

CommeRCial

induStRial

Retail

Check one:

Unincorporated Business Tax year

SOCIAL SECURITY NUMBER

for which claim is made

ended:

:_________________

:___________

MONTH

YEAR

Federal Business Code:

Form NYC-114.8 must be attached to and submitted with Unincorporated Business Tax Return (Form NYC-202 or NYC-202EIN) or Part-

nership Tax Return (Form NYC-204) in order to claim the LMREAP credit.

Lower Manhattan Relocation and Employment Assistance Program (LMREAP) Credit

if the credit is refundable, fill in lines 1 and 11 and skip lines 2 through 10.

if the credit is non-refundable, skip line 1 and fill in lines 2 through 11.

Refundable Credit applied against Unincorporated Business tax

1. Computation of Refundable CRedit

number of eligible aggregate employment shares: _______________ X $3,000.

..............................................................

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. enter in column b (the applied column) the amount applied to each carryover year until the total applied agrees with the amount on line 7.

there is no non-refundable credit until the fifth taxable year after the year of the relocation.

Nonrefundable Credit applied against Unincorporated Business tax

2. Current year’s tax

.................................................................................................................................................................................

3. Computation of current year’s credit:

(number of eligible aggregate employment shares: ___________ X $3,000

.....................................................................................

4. if line 3 is greater than line 2, enter the difference and skip lines 5 through 8. transfer amount

on line 2 to line 10

..................................................................................................................................................................................

5. if line 3 is less than line 2, enter the difference. Complete carryover schedule below.

...........................................

6. total carryover credits from prior taxable years (line 9f, column a below)

...................................................................

7. amount of carryover credit that may be carried over to the current year.

enter lesser of line 5 or line 6

...........................................................................................................................................................

8. total allowable credit for current year. Sum of the current year credit plus the applicable

carryover from prior years. add lines 3 and 7. Go to line 10

. .............................................................................................

LMREAP carryover schedule

COLUMN C

COLUMN B

COLUMN A

You may not carry over the 5th

ARRYOVER TO

EXT

EAR

pplied