Form Nyc-9.5 - Claim For Reap Credit Applied To General Corporation Tax And Banking Corporation Tax - 2003

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CLAIM FOR REAP CREDIT APPLIED TO
N Y C
GENERAL CORPORATION TAX
9.5
AND BANKING CORPORATION TAX
F I N A N C E
NEW YORK
ATTACH TO FORM NYC-3L, NYC-3A, NYC-1 or NYC-1A
USE FORM NYC-9.6 IF YOU ARE FILING A CLAIM FOR EITHER A REAL ESTATE TAX ESCALATION CREDIT OR AN EMPLOYMENT
OPPORTUNITY RELOCATION COSTS CREDIT. IF YOU ARE FILING A CLAIM FOR A SALES TAX CREDIT, FOR SALES TAX PAID
IN A PRIOR YEAR YOU MUST USE A FORM NYC-9.5 FOR THE APPROPRIATE PRIOR YEAR. SEE INSTRUCTIONS.
Print or Type
Name as shown on NYC-3L, NYC-3A, NYC-1 or NYC-1A
EMPLOYER IDENTIFICATION NUMBER
Type of Business:
COMMERCIAL
INDUSTRIAL
RETAIL
Check one:
PRINCIPAL BUSINESS ACTIVITY
Corporation Tax year for
which claim is made
:
Date ended: month: _________________________ , year: _______________
Form NYC-9.5 must be attached to and submitted with General Corporation Tax Return (Form NYC-3L), Combined General Corporation Tax Return (Form
NYC-3A), Banking Corporation Tax Return (Form NYC-1) or Combined Banking Corporation Tax return (Form NYC-1A) in order to claim the REAP credit.
Relocation and Employment Assistance Program (REAP) Credit
If you have carryover credits from preceding years, complete the carryover schedule below regardless of whether you will carry over credits to the cur-
rent year. Enter in column B (the applied column) the amount applied to each carryover year until the total applied agrees with the amount on line 6.
NONREFUNDABLE CREDIT APPLIED AGAINST GENERAL CORPORATION TAX OR BANKING CORPORATION TAX - SEE INSTRUCTIONS.
1. Current year’s tax, including sales tax addback if applicable less the UBT Paid Credit (see instructions) 1.
2. Computation of current year’s credit:
2.
(number of eligible aggregate employment shares: ___________ X the applicable amount (see instructions)) ..........
3. If line 2 is greater than line 1, enter the difference and skip lines 4 through 7. Transfer amount
3.
on line 1 to line 9
......................................................................................................................................................................................
4. If line 2 is less than line 1, enter the difference. Complete carryover schedule below
4.
......................................
5. Total carryover credits from prior taxable years (line 8f, column A below)
5.
..............................................................
6. Amount of carryover credit that may be carried over to the current year.
6.
Enter lesser of line 4 or line 5
............................................................................................................................................................
7. Total allowable credit for current year. Sum of the current year credit plus the applicable
7.
carryover from prior years. Add lines 2 and 6. Enter amount on line 9
......................................................................
REAP carryover schedule
COLUMN B
COLUMN A
COLUMN C
C
C
Y
A
C
N
Y
You may not carry over the 5th
PPLIED
ARRYOVER TO
URRENT
EAR
ARRYOVER TO
EXT
EAR
preceding year’s credit to next year.
(unused credit)
(column A minus column B)
8a. Carryover from 5th preceding year
8a.
.....
8b. Carryover from 4th preceding year
8b.
.....
8c. Carryover from 3rd preceding year
8c.
.....
8d. Carryover from 2nd preceding year
8d.
...
8e. Carryover from 1st preceding year
8e.
.....
8f. Total
8f.
...................................................................
9. Allowable nonrefundable REAP credit for current year (amount from line 1 or line 7, whichever is less)
9.
..
REFUNDABLE CREDIT APPLIED AGAINST GENERAL CORPORATION TAX OR BANKING CORPORATION TAX
10. COMPUTATION OF REFUNDABLE CREDIT
Number of eligible aggregate employment shares: _______________ X $3,000.
10.
.....................................................
TOTAL OF NONREFUNDABLE AND REFUNDABLE CREDITS
11. Line 9 plus line 10. Transfer amount to Form NYC-3L, Sch. A, line 8; Form NYC-3A, Sch. A, line 10;
Form NYC-1, Sch. A, line 8 or Form NYC-1A, Sch. A, line 10;
11.
......................................................................................................
NYC - 9.5 2003

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