Form Nyc-114.6 - Claim For Credit Applied To Unincorporated Business Tax

form nyc-114.6 - 2016

Page 4

schEdulE c

Industrial Business Zone credit (Administrative code section 11-503(n))

Location(s) of business operations continuously during the 24 months immediately preceding relocation

PRoPERTy locATIon

street Address

city & state

Zip code

Date of relocation ___________________________

Address of business operations in the Industrial Business Zone

PRoPERTy locATIon

street Address

city & state

Zip code

Description of Business: _________________________________________________________________________________

Number of employees working at least 35 hours per week________________X $1,000 = .........................................................5. ____________________

Number of employees working at least 15 hours but less than 35 hours per week _________X 1/2 = ________X $1,000 (see instr.) .6. _____________________

Total of lines 5 and 6 .........................................................................................................................................................................7. _________________

Relocation costs incurred by the taxpayer (see instructions):

a. cost of moving furniture, files, papers and office equipment .......................................................................................................8a. _____________________

b. cost of moving and installing machinery and equipment.............................................................................................................8b. _____________________

c. cost of installing telephones and other communication equipment required as a result of relocation ........................................8c. _____________________

d. Cost of floor preparation ..............................................................................................................................................................8d. _____________________

e. Other (description and cost --attach rider if needed):

_________________________________________________________________________________________________ 8e. _____________________

Total (lines 8a-8e) ..............................................................................................................................................................................9. _____________________

10. Lesser of line 7 and 9 or $100,000. Enter on page 1, parts I and II lines 2 and 5. ......................................................................10. _____________________

InsTRucTIons foR schEdulE c

For taxable years beginning on or after January 1, 2006, an eligible business that first enters

gible business, including at least one location at which such business conducts substantial

into a binding contract on or after July 1, 2005 to purchase or lease eligible premises to

business operations and engages primarily in industrial and manufacturing activities. For

which it relocates is allowed the industrial business zone tax (“IBZ”) credit, a one-time cred-

purposes of determining the “date of relocation”, enter the earlier of (1) the date of the com-

it to be credited against its UBT liability or refunded without interest to the extent it exceeds

pletion of the relocation to the eligible premises, or (2) ninety days from the commencement

the taxpayer’s UBT liability calculated without that credit. The amount of the credit is

of the relocation to the eligible premises.

$1,000 per full-time employee, provided that the amount of the credit may not exceed the

Lines 5 and 6

lesser of the actual relocation costs or $100,000. See Ad. Code § 11-503(n), as added by

The amount of the credit is calculated based on the number of “full-time employees.” “Full-

Chapter 635 of the Laws of 2005.

time employee” means (1) one person gainfully employed in an eligible premises by an eli-

For purposes of this credit, the following definitions apply:

gible business where the number of hours required to be worked by such person is not less

than 35 hours per week; or (2) two persons gainfully employed in an eligible premises by

1. “eligible business” means any business subject to UBT that (1) has been conducting sub-

an eligible business where the number of hours required to be worked by each such person

stantial business operations and engaging primarily in industrial and manufacturing activities

is more than fifteen hours per week but less than 35 hours per week. The number of full-

at one or more locations within the City or outside New York State continuously during the

time employees for purpose of completing lines 5 and 6 is the average number of full-time

24 consecutive full months immediately preceding relocation, (2) has leased the premises from

employees, calculated on a weekly basis, employed in the eligible premises by the eligible

which it relocates continuously during the 24 consecutive full months immediately preceding

business in the fifty-two week period immediately following the earlier of (1) the date of the

relocation, (3) first enters into a binding contract on or after July 1, 2005 to purchase or lease

completion of the relocation to eligible premises or (2) ninety days from the commencement

eligible premises to which the business will relocate, (4) will be engaged primarily in indus-

of the relocation to the eligible premises. This credit must be taken in the taxable year in

trial and manufacturing activities at the eligible premises, and (5) does not receive benefits

which such fifty-two week period ends.

under the REAP or Lower Manhattan REAP Program or through a grant program adminis-

tered by the Business Relocation Assistance Corporation or through the New York City

Line 5

Printers Relocation Fund grant.

Enter the average number of employees working not less than 35 hours per week.

2. “eligible premises” means premises located entirely within an industrial business zone.

Line 6

For any eligible business, an industrial business zone credit will not be granted with

Enter the average number of employees working more than 15 hours but less than 35 hours

respect to more than one eligible premises.

per week. If after multiplying by 1/2, the number is not a whole number, round down to the

whole number.

3. “industrial business zone” means an area within New York City established pursuant

to section 22-626 of the Administrative Code.

Line 8

4. “industrial and manufacturing activities” means activities involving the assembly of goods to cre-

“Relocation costs” means costs incurred in the relocation of the furniture, fixtures, equipment,

ate a different article, or the processing, fabrication , or packaging of goods. Industrial and manufac-

machinery and supplies, including, but not limited to, the cost of dismantling and reassembling

turing activities shall not include waste management or utility services.

equipment and the cost of floor preparation necessary for the reassembly of the equipment.

Relocation costs include only such costs that are incurred during the ninety-day period imme-

SPECIFIC LINE INSTRUCTIONS:

diately following the commencement of the relocation to an eligible premises. Relocation

costs do not include costs for structural or capital improvements or items purchased in con-

Line 2: “relocation” means the physical relocation of furniture, fixtures, equipment,

nection with the relocation.

machinery and supplies directly to an eligible premises, from one or more locations of an eli-

PRIVACY ACT NOTIFICATION - The Federal Privacy Act of 1974, as amended, requires agencies requesting Social Security Numbers to inform individuals from whom they seek this information as to whether

compliance with the request is voluntary or mandatory, why the request is being made and how the information will be used. The disclosure of Social Security Numbers for taxpayers is mandatory and is required

by section 11-102.1 of the Administrative Code of the City of New York. Such numbers disclosed on any report or return are requested for tax administration purposes and will be used to facilitate the processing of

tax returns and to establish and maintain a uniform system for identifying taxpayers who are or may be subject to taxes administered and collected by the Department of Finance, and, as may be required by law, or

when the taxpayer gives written authorization to the Department of Finance for another department, person, agency or entity to have access (limited or otherwise) to the information contained in his or her return.

Form Nyc-114.6 - Claim For Credit Applied To Unincorporated Business Tax - 2016 Page 4

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