Form Nyc-114.6 - Claim For Credit Applied To Unincorporated Business Tax - 2010 Page 4

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Form NYC-114.6 - 2010
Page 4
SCHEDULE C
Industrial Business Zone Credit (Administrative Code Section 11-503(n))
1.
Location(s) of business operations continuously during the 24 months immediately preceding relocation
PROPERTY LOCATION
Street Address
City & State
Zip Code
2.
Date of relocation ___________________________
3.
Address of business operations in the Industrial Business Zone
PROPERTY LOCATION
Street Address
City & State
Zip Code
4.
Description of Business: _________________________________________________________________________________
Number of employees working at least 35 hours per week________________X $1,000 = ..........................................................5. _____________________
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. _____________________
6.
7.
Total of lines 5 and 6 .........................................................................................................................................................................7. _____________________
8.
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._____________________
_________________________________________________________________________________________________ 8e._____________________
9.
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
stantial business operations and engages primarily in industrial and manufacturing activ-
ities. For purposes of determining the “date of relocation”, enter the earlier of (1) the
enters into a binding contract on or after July 1, 2005 to purchase or lease eligible prem-
ises to which it relocates is allowed the industrial business zone tax (“IBZ”) credit, a one-
date of the completion of the relocation to the eligible premises, or (2) ninety days from
time credit to be credited against its UBT liability or refunded without interest to the
the commencement of the relocation to the eligible premises.
extent it exceeds the taxpayer’s UBT liability calculated without that credit. The amount
Lines 5 and 6
of the credit is $1,000 per full-time employee, provided that the amount of the credit may
The amount of the credit is calculated based on the number of “full-time employees.”
not exceed the lesser of the actual relocation costs or $100,000. See Ad. Code § 11-
“Full-time employee” means (1) one person gainfully employed in an eligible premis-
503(n), as added by Chapter 635 of the Laws of 2005.
es by an eligible business where the number of hours required to be worked by such per-
For purposes of this credit, the following definitions apply:
son is not less than 35 hours per week; or (2) two persons gainfully employed in an eli-
gible premises by an eligible business where the number of hours required to be worked
1. “eligible business” means any business subject to UBT that (1) has been conducting sub-
by each such person is more than fifteen hours per week but less than 35 hours per week.
stantial business operations and engaging primarily in industrial and manufacturing activ-
The number of full-time employees for purpose of completing lines 5 and 6 is the aver-
ities at one or more locations within the City or outside New York State continuously dur-
age number of full-time employees, calculated on a weekly basis, employed in the eligi-
ing the 24 consecutive full months immediately preceding relocation, (2) has leased the
ble premises by the eligible business in the fifty-two week period immediately follow-
premises from which it relocates continuously during the 24 consecutive full months
ing the earlier of (1) the date of the completion of the relocation to eligible premises or
immediately preceding relocation, (3) first enters into a binding contract on or after July 1,
(2) ninety days from the commencement of the relocation to the eligible premises.
2005 to purchase or lease eligible premises to which the business will relocate, and (4) will
be engaged primarily in industrial and manufacturing activities at the eligible premises.
Line 5
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. For any eligible business, an industrial business zone credit will not be grant-
Line 6
ed with respect to more than one eligible premises.
Enter the average number of employees working more than 15 hours but less than 35
3. “industrial business zone” means an area within New York City established pur-
hours per week. If after multiplying by 1/2, the number is not a whole number, round
suant to section 22-626 of the Administrative Code.
down to the whole number.
4. “industrial and manufacturing activities” means activities involving the assembly of goods to
Line 8
create a different article, or the processing, fabrication , or packaging of goods. Industrial and
“Relocation costs” means costs incurred in the relocation of the furniture, fixtures, equip-
manufacturing activities shall not include waste management or utility services.
ment, machinery and supplies, including, but not limited to, the cost of dismantling and
reassembling equipment and the cost of floor preparation necessary for the reassembly of
SPECIFIC LINE INSTRUCTIONS:
the equipment. Relocation costs include only such costs that are incurred during the nine-
Line 2: “relocation” means the physical relocation of furniture, fixtures, equipment,
ty-day period immediately following the commencement of the relocation to an eligible
machinery and supplies directly to an eligible premises, from one or more locations of
premises. Relocation costs do not include costs for structural or capital improvements or
an eligible business, including at least one location at which such business conducts sub-
items purchased in connection with the relocation.
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 request-
ed 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.

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