Form Nyc-114.8 - Lmreap Credit Applied To Unincorporated Business Tax - 2009

LOWER MANHATTAN RELOCATION EMPLOYMENT

114.8

N Y C

2009

ASSISTANCE PROGRAM (LMREAP) CREDIT APPLIED

NEW YORK CITY DEPARTMENT OF FINANCE

TO UNINCORPORATED BUSINESS TAX

TM

Finance

ATTACH TO FORM NYC-202 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 2009 or FISCAL YEAR beginning ______________________ 2009 and ending ___________________________

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

PARTNERSHIPS, ESTATES AND TRUSTS ONLY,

ENTER EMPLOYER IDENTIFICATION NUMBER

I I

I I

I I

COMMERCIAL

INDUSTRIAL

RETAIL

Type of Business:

Check one:

Unincorporated Business Tax year

for which claim is made

ended:

:_________________

:___________

SOCIAL SECURITY NUMBER

:

MONTH

YEAR

Federal Business Code:

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

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

1.

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 yearʼs tax, including sales tax addback less the business tax credit,

the UBT paid credit and the REAP credit (see instructions)

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

2.

3. Computation of current yearʼs credit:

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

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

3.

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

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

4.

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

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

5.

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

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

6.

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

Enter lesser of line 5 or line 6

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

7.

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

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

8.

LMREAP carryover schedule

COLUMN C

COLUMN B

COLUMN A

A

You may not carry over the 5th

C

N

Y

PPLIED

C

C

Y

ARRYOVER TO

EXT

EAR

ARRYOVER TO

URRENT

EAR

preceding yearʼs credit to next year.

(column A minus column B)

(unused credit)

9a. Carryover from 5th preceding year

..........

9a.

9b. Carryover from 4th preceding year

.........

9b.

9c. Carryover from 3rd preceding year

.........

9c.

9d. Carryover from 2nd preceding year

........

9d.

9e. Carryover from 1st preceding year

..........

9e.

9f. Total

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

9f.

10. Allowable nonrefundable LMREAP credit for current year (amount from line 2 or line 8, whichever is less)

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

10.

Credit

11. Line 1 or line 10. Transfer amount to Form NYC-202, Sch. A, line 22c or Form NYC-204, Sch. A, line 24c;

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

11.

61210991

NYC - 114.8 2009