Form Nyc-114.6 - Claim For Credit Applied To Unincorporated Business Tax - 2010 Page 3
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4Form NYC-114.6 - 2010
Page 3
SCHEDULE B
Employment opportunity relocation costs credit (Administrative Code Section 11-503(f))
If the taxpayer did not both relocate from outside New York State and create a minimum of ten (10) industrial or commercial employment opportunities in
New York City, do not complete Schedule B and make no entry on page 1, parts I and II, lines 2 and 5 respectively.
1. Number of industrial employment opportunities
___________________ x $500.00
relocated to New York City
Number
1.
2. Number of commercial employment opportunities
___________________
x $300.00
relocated to New York City
Number
2.
........................................................................................................................................
TOTAL
3.
3.
4. Employment opportunity relocation costs incurred by the taxpayer in the relocation of the taxpayer
from outside the State of New York into the City of New York (Section 11-503 (f)(1)(B))
a. Cost of moving furniture, files, papers and office equipment ......................................................... 4a.
M
b. Cost of moving and installing machinery and equipment ............................................................... 4b.
c. Cost of installing telephones and other communication equipment required
as a result of relocation .................................................................................................................. 4c.
d. Cost incurred in purchasing office furniture and fixtures required as a result
of relocation .................................................................................................................................... 4d.
e. Cost of renovating the premises to be occupied as a result of the relocation, allowable
only to the extent that it does not exceed seventy-five cents (75¢) per square foot ...................... 4e.
(lines 4a through 4e) ................................................................................................................ 5.
TOTAL
5.
6. Enter line 3 or line 5, whichever is less. Enter on page 1, parts I and II, lines 2 and 5 ...................... 6.
INSTRUCTIONS FOR SCHEDULE B
Effective August 30, 2005, taxpayers relocating to premises within an
b)
the costs incurred by the taxpayer in moving and installing
Industrial Business Zone established pursuant to section 22-626 of the
machinery and equipment into the City from a location outside the
Administrative Code for which a binding contract to purchase or lease
State;
was entered into by the taxpayer after June 30, 2005 MAY NOT take the
relocation credit provided on this schedule for industrial employment
c)
the costs of installing telephones and other communication equip-
opportunities but are entitled to a new one time credit for tax years
ment required as a result of the relocation to the City from a loca-
beginning after December 30, 2005. See Administrative Code §§11-503(f)
tion outside the State;
and 11-503(n) as added by Chapter 635 of the Laws of 2005 and Schedule
C below.
d)
the cost incurred in the purchase of office furniture and fixtures
required as a result of the relocation to the City from a location out-
Taxpayers subject to the Unincorporated Business Tax are allowed a credit
side the State; and
against the tax for certain costs incurred in relocating commercial or industri-
al employment opportunities to New York City from an area outside the State
e)
the cost of renovation of the premises to be occupied as a result of
of New York. In order to be eligible for this credit, a taxpayer must relocate
the relocation, provided, however, that such renovation costs shall
to the City a minimum of ten such employment opportunities. The relocation
be allowable only to the extent that they do not exceed seventy-
costs for which the credit may be claimed are those incurred during the tax
five cents per square foot of the total area utilized by the taxpayer
year in connection with employment opportunities relocated to the City dur-
in the occupied premises.
ing the tax year.
OTHER DEFINITIONS
The allowable credit is based upon "employment opportunity relocation
costs" incurred by the taxpayer during its taxable year, but may not exceed a
a)
"Employment opportunity" means the creation of a full-time posi-
maximum of:
tion of gainful employment for an industrial or commercial
employee and the actual hiring of such employee for the position.
a)
$300 for each commercial employment opportunity; and
b)
"Industrial employee" means one engaged in the manufacturing or
b)
$500 for each industrial employment opportunity,
assembling of tangible goods or the processing of raw materials.
relocated to the City from an area outside the State.
c)
"Commercial employee" means one engaged in the buying, selling
The relocation costs credit may be taken by the taxpayer in whole or in part
or otherwise providing of goods or services other than on a retail
in the year in which the employment opportunities are relocated by such tax-
basis.
payer or in either of the two years succeeding such event.
d)
"Retail" means the selling or otherwise disposing of tangible goods
For purposes of the credit, "employment opportunity relocation costs"
directly to the ultimate user or consumer.
means:
e)
"Full-time position" means a position of gainful employment
a)
the costs incurred by the taxpayer in moving furniture, files, papers
where the number of hours worked by the employee is not less than
and office equipment into the City from a location outside the
30 hours during any given work week.
State;
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