Form Cr-A - Commercial Rent Tax Return - 2005/06 (Page 2 of 2) in pdf

Form CR-A for the tax period June 1, 2005 to May 31, 2006 ONLY

Page 2

IF ADDITIONAL SPACE IS REQUIRED FOR SUPPLEMENTS

YOU MAY MAKE PHOTOCOPIES OF THIS PAGE OR ATTACH A SCHEDULE

EACH LINE MUST BE ACCURATELY COMPLETED

YOUR DEDUCTION WILL BE DISALLOWED IF INACCURATE INFORMATION IS SUBMITTED

LINE

DESCRIPTION

PREMISES 1

PREMISES 2

PREMISES 3

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

and Zip Code ......................................................... ________________________________________________________________________________

Block and Lot Number ............................................ ________________________________________________________________________________

BLOCK

LOT

BLOCK

LOT

BLOCK

LOT

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

3. Rent Applied to Residential Use.............................. ________________________________________________________________________________

.......................................... 4. ________________________________________________________________________________

4. SUBTENANT'S NAME

Employer Identification Number (EIN) for

partnerships or corporations ..........................................

EIN ______________________

EIN _____________________

Social Security Number for individuals ..........................

SSN _____________________

SSN_____________________

Rent received from SUBTENANT

(see instructions if more than one subtenant)......................... __________________________________________________________________________________________

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

5b. Commercial Revitalization Program

special reduction (see instructions)........................ ________________________________________________________________________________

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

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

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

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

If the line 7 amount represents rent for less than the full year, proceed to line 10, or

If the line 7 amount plus the line 5b amount is $249,999 or less and represents rent for a full year, transfer line 9 to line 13, or

If the line 7 amount plus the line 5b amount is $250,000 or more and represents rent for a full year, transfer line 9 to line 14

COMPLETE LINES 10, 11 AND 12 ONLY IF YOU RENTED PREMISES FOR LESS THAN THE FULL YEAR

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

# of months

From:

# of months

From:

# of months

From:

To:

_______________________________________________________________________________________________________

11. Monthly Base Rent before rent reduction

(line 7 plus line 5b divided by line 10) .................... ________________________________________________________________________________

12. Annualized Base Rent before rent reduction

(line 11 X 12 months)............................................. ________________________________________________________________________________

If the line 12 amount is $249,999 or less, transfer the line 9 amount (not the line 12 amount) to line 13

If the line 12 amount is $250,000 or more, transfer the line 9 amount (not the line 12 amount) to line 14

RATE CLASS

TAX RATE

13. ($0 - 249,999) ..............0%... ________________________________________________________________________________

14. ($250,000 or more)..... 6%... ________________________________________________________________________________

15. Tax Due before credit

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

__________________________________________________________________________________________

(line 14 multiplied by 6%)

16. Tax Credit

. ________________________________________________________________________________

(see worksheet below)

Note: The tax credit only applies if line 7 plus line 5b (or line 12, if applicable) is at least $250,000, but is less than $300,000. All others enter zero.

Tax Credit Computation Worksheet

If the line 7 amount represents rent for the full 12 month period, your credit is calculated as follows:

(

)

Amount on line 15 X

$300,000 minus the sum of lines 7 and 5b

= _____________ = your credit

$50,000

If the line 7 amount represents rent for less than the full 12 month period, your credit is calculated as follows:

(

)

Amount on line 15 X