Form Nyc-114.5 Draft - Reap Credit Applied To Unincorporated Business Tax - 2017
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1
2-114.5
REAP CREDIT APPLIED TO
2017
UNINCORPORATED BUSINESS TAX
TM
Department of Finance
attaCH to FoRM NYC-202, NYC-202EIN oR NYC-204
For CALENDAR YEAR 2017 or FISCAL YEAR beginning ____________________ 2017 and ending _________________________
print or Type
Name as shown on NYC-202, NYC-202EIN or NYC-204:
PARTNERSHIPS, ESTATES AND TRUSTS ONLY,
ENTER EMPLOYER IDENTIFICATION NUMBER
n
n
n
Type of Business:
CommERCIAL
INduSTRIAL
RETAIL
Check one:
Unincorporated Business Tax year
for which claim is made
ended:
:_________________
:___________
:
SOCIAL SECURITY NUMBER
MONTH
YEAR
Principal Business Activity:
Form NYC-114.5 must be attached to and submitted with Unincorporated Business Tax Return (Form NYC-202 or NYC-202EIN) or
Partnership Tax Return (Form NYC-204) 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 cur-
rent 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 6.
Nonrefundable Credit applied against Unincorporated Business tax
1. Current year’s tax (amount from NYC-202 or NYC-202EIN, Schedule A, line 19 or NYC-204,
Schedule A, line 21)
1.
..........................................................................................................................................................................
2. Computation of current year’s credit:
2.
(number of eligible aggregate employment shares: ____________ X the applicable amount (see instructions))
....
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
C
N
Y
C
C
Y
You may not carry over the 5th
ppLIEd
ARRYOVER TO
EXT
EAR
ARRYOVER TO
URRENT
EAR
preceding year’s credit to next year.
(unused credit)
(column A minus column B)
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.
................................................................
9. Allowable nonrefundable REAp credit for current year (amount from line 1 or line 7, whichever is less)
9.
....
Refundable Credit applied against Unincorporated Business 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-202 or NYC-202EIN, Sch. A, line 20a or
Form NYC-204, Sch. A, line 22a
11.
................................................................................................................................
61011791
NYC - 114.5 2017
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