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

Form NYC-114.6 - 2008

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

substantial business operations and engages primarily in industrial and manufacturing

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

activities. For purposes of determining the “date of relocation”, enter the earlier of

premises to which it relocates is allowed the industrial business zone tax (“IBZ”) cred-

(1) the date of the completion of the relocation to the eligible premises, or (2) ninety

it, a one-time credit to be credited against its UBT liability or refunded without inter-

days from the commencement of the relocation to the eligible premises.

est to the extent it exceeds the taxpayer’s UBT liability calculated without that credit.

Lines 5 and 6

The amount of the credit is $1,000 per full-time employee, provided that the amount

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

of the credit may not exceed the lesser of the actual relocation costs or $100,000. See

“Full-time employee” means (1) one person gainfully employed in an eligible prem-

Ad. Code § 11-503(n), as added by Chapter 635 of the Laws of 2005.

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

For purposes of this credit, the following definitions apply:

person is not less than 35 hours per week; or (2) two persons gainfully employed in an

eligible premises by an eligible business where the number of hours required to be

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

worked by each such person is more than fifteen hours per week but less than 35 hours

substantial business operations and engaging primarily in industrial and manufactur-

per week. The number of full-time employees for purpose of completing lines 5 and

ing activities at one or more locations within the City or outside New York State con-

6 is the average number of full-time employees, calculated on a weekly basis,

tinuously during the 24 consecutive full months immediately preceding relocation, (2)

employed in the eligible premises by the eligible business in the fifty-two week peri-

has leased the premises from which it relocates continuously during the 24 consecu-

od immediately following the earlier of (1) the date of the completion of the relocation

tive full months immediately preceding relocation, (3) first enters into a binding con-

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

tract on or after July 1, 2005 to purchase or lease eligible premises to which the busi-

eligible premises.

ness 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

Line 8

to create a different article, or the processing, fabrication , or packaging of goods. Industrial

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

and manufacturing activities shall not include waste management or utility services.

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

and reassembling equipment and the cost of floor preparation necessary for the reassem-

SPECIFIC LINE INSTRUCTIONS:

bly of the equipment. Relocation costs include only such costs that are incurred during

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

the ninety-day period immediately following the commencement of the relocation to an

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

eligible premises. Relocation costs do not include costs for structural or capital improve-

an eligible business, including at least one location at which such business conducts

ments or items purchased in connection with the relocation.

Form Nyc-114.6 - Claim For Credit Applied To Unincorporated Business Tax - 2008 Page 4

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