Form Nyc - 9.8 - Claim For Lower Manhattan Relocation Employment Assistance Program (Lmreap) Credit Applied To General Corporation Tax And Banking Corporation Tax - 2006

C L A I M F O R L O W E R M A N H A T T A N R E L O C A T I O N

N Y C

EMPLOYMENT ASSISTANCE PROGRAM (LMREAP)

CREDIT APPLIED TO GENERAL CORPORATION TAX

9.8

FINANCE

AND BANKING CORPORATION TAX

NEW YORK

THE CITY OF NEW YORK

DEPARTMENT OF FINANCE

n y c . g o v / f i n a n c e

ATTACH TO FORM NYC-3L, NYC-3A, NYC-1 OR NYC-1A

USE FORM NYC-9.5 IF YOU ARE FILING A CLAIM FOR A REAP CREDIT. USE FORM NYC-9.6 IF YOU ARE FILING A CLAIM FOR

EITHER A REAL ESTATE TAX ESCALATION CREDIT OR AN EMPLOYMENT OPPORTUNITY RELOCATION COSTS CREDIT.

Print or Type

Name as shown on NYC-3L, NYC-3A, NYC-1 or NYC-1A

EMPLOYER IDENTIFICATION NUMBER

Type of Business:

COMMERCIAL

INDUSTRIAL

RETAIL

Check one:

FEDERAL BUSINESS CODE

Corporation Tax year for

_____________________________

which claim is made

:

Date ended: month:

, year:

__________________

Form NYC-9.8 must be attached to and submitted with General Corporation Tax Return (Form NYC-3L), Combined General Corporation Tax Return (Form

NYC-3A), Banking Corporation Tax Return (Form NYC-1) or Combined Banking Corporation Tax return (Form NYC-1A) in order to claim the LMREAP credit.

Lower Manhattan Relocation and Employment Assistance Program (LMREAP) Credit

If credit is refundable, complete lines 1 and 11 and skip lines 2 through 10.

If credit is non-refundable, skip line 1 and complete lines 2 through 11.

REFUNDABLE CREDIT APPLIED AGAINST GENERAL CORPORATION TAX OR BANKING CORPORATION 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 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.

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

NONREFUNDABLE CREDIT APPLIED AGAINST GENERAL CORPORATION TAX OR BANKING CORPORATION TAX - SEE INSTRUCTIONS.

2. Current year’s tax, including sales tax addback if applicable less the UBT Paid Credit and the REAP Credit (see instr) ..2.

3. Computation of current year’s credit:

3.

(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

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

8.

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

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

LMREAP carryover schedule

COLUMN A

COLUMN B

COLUMN C

C

C

Y

A

C

N

Y

You may not carry over the 5th

ARRYOVER TO

URRENT

EAR

PPLIED

ARRYOVER TO

EXT

EAR

preceding year’s credit to next year.

(unused credit)

(column A minus column B)

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 1or line 10. Transfer amount to Form NYC-3L, Sch. A, line 8b; Form NYC-3A, Sch. A, line 10b;

11.

Form NYC-1, Sch. A, line 8b or Form NYC-1A, Sch. A, line 10b;

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

00810691

NYC - 9.8 2006