Form Cr-Q2 - Commercial Rent Tax Return - 2010/11 (Page 2 of 2) in pdf

Form CR-Q2 for the tax period September 1, 2010 to November 30, 2010 ONLY

Page 2

U U S S E E T T H H I I S S P P A A G G E E I I F F Y Y O O U U H H A A V V E E T T H H R R E E E E O O R R L L E E S S S S P P R R E E M M I I S S E E S S / / S S U U B B T T E E N N A A N N T T S S O O R R , , M M A A K K E E C C O O P P I I E E S S O O F F T T H H I I S S P P A A G G E E T T O O

R R E E P P O O R R T T A A D D D D I I T T I I O O N N A A L L P P R R E E M M I I S S E E S S / / S S U U B B T T E E N N A A N N T T S S . . I I F F Y Y O O U U R R E E P P O O R R T T M M O O R R E E T T H H A A N N T T H H R R E E E E P P R R E E M M I I S S E E S S O O R R S S U U B B - -

T T E E N N A A N N T T S S , , A A N N D D C C H H O O O O S S E E T T O O U U S S E E A A S S P P R R E E A A D D S S H H E E E E T T , , Y Y O O U U M M U U S S T T U U S S E E T T H H E E F F I I N N A A N N C C E E S S U U P P P P L L E E M M E E N N T T A A L L

S S P P R R E E A A D D S S H H E E E E T T , , W W H H I I C C H H Y Y O O U U C C A A N N D D O O W W N N L L O O A A D D F F R R O O M M O O U U R R W W E E B B S S I I T T E E A A T T W W W W W W . . N N Y Y C C . . G G O O V V / / C C R R T T I I N N F F O O . .

EACH LINE MUST BE ACCURATELY COMPLETED. YOUR DEDUCTION WILL BE DISALLOWED IF INACCURATE INFORMATION IS SUBMITTED.

LINE

DESCRIPTION

PREMISES 1

PREMISES 2

PREMISES 3

1a. Street Address ......................................................... 1a.

1b. Zip Code ..................................................................1b. ________________________________________________________________________________________

1c. Block and 1d. Lot Number...................................1c/1d. ________________________________________________________________________________________

BLOCK

LOT

BLOCK

LOT

BLOCK

LOT

2. Gross Rent Paid (see instructions) ........................... 2. ________________________________________________________________________________________

3. Rent Applied to Residential Use .................................3. ________________________________________________________________________________________

............................................. 4a. ________________________________________________________________________________________

4a. SUBTENANT'S NAME

4b. Employer Identification Number (EIN) for

partnerships or corporations .....................................4b. G 4b. EIN _____________________ G 4b. EIN_____________________ G 4b. EIN ____________________

4c. Social Security Number for individuals .....................4c. G 4c. SSN_____________________ G 4c. SSN ____________________ G 4c. SSN ____________________

4d. Rent received from SUBTENANT

(see instructions if more than one subtenant) .....................4d. ___________________________________________________________________________________________________

5a. Other Deductions (attach schedule) .........................5a. ________________________________________________________________________________________

5b. Commercial Revitalization Program

special reduction (see instructions) ..........................5b. ________________________________________________________________________________________

6. Total Deductions (add lines 3, 4d, 5a and 5b) ............6. ________________________________________________________________________________________

7. Base Rent Before Rent Reduction (line 2 minus line 6) ....7. ________________________________________________________________________________________

8. 35% Rent Reduction (35% X line 7) ...........................8. ________________________________________________________________________________________

9. Base Rent Subject to Tax (line 7 minus line 8) ...........9. ________________________________________________________________________________________

If the line 7 amount represents rent for less than the full 3 month period, proceed to line 10a, or

NOTE

If the line 7 amount plus the line 5b amount is $62,499 or less and represents rent for a full 3 month period, transfer line 9 to line 13, or

If the line 7 amount plus the line 5b amount is $62,500 or more and represents rent for a full 3 month period, transfer line 9 to line 14

COMPLETE LINES 10 - 12 ONLY IF YOU RENTED PREMISES FOR LESS THAN THE FULL THREE-MONTH PERIOD

10a. Number of Months at Premises during the tax period ........

10a. # of months 10b. From:

10c. To:

_________________________________________________________________________________________________________________

11. Monthly Base Rent before rent reduction

(line 7 plus line 5b divided by line 10a) .....................11. ________________________________________________________________________________________

12. Quarterly Base Rent before rent reduction

(line 11 X 3 months)..................................................12. ________________________________________________________________________________________

If the line 12 amount is $62,499 or less, transfer the line 9 amount (not the line 12 amount) to line 13

If the line 12 amount is $62,500 or more, transfer the line 9 amount (not the line 12 amount) to line 14

RATE CLASS

TAX RATE

13. ($0 - 62,499)..............0%.....13. ______________________________________________________________________________________

14. ($62,500 or more)..... 6%.....14. ______________________________________________________________________________________

15. Tax Due before credit

............15. ______________________________________________________________________________________

(line 14 multiplied by 6%)

16. Tax Credit

16. ______________________________________________________________________________________

(see worksheet below) .

Note: The tax credit only applies if line 7 plus line 5b (or line 12, if applicable) is at least $62,500, but is less than $75,000. All others enter zero.

Tax Credit Computation Worksheet

If the line 7 amount represents rent for the full 3 month period, your credit is calculated as follows:

(

)

Amount on line 15 X

$75,000 minus the sum of lines 7 and 5b

= _____________ = your credit

$12,500

If the line 7 amount represents rent for less than the full 3 month period, your credit is calculated as follows:

(

)

Amount on line 15 X