Form Nyc-114.8 - Lmreap Credit Applied To Unincorporated Business Tax

- 114.8

LOWER MANHATTAN RELOCATION EMPLOYMENT

2014

new york city department of finance

ASSISTANCE PROGRAM (LMREAP) CREDIT

APPLIED TO UNINCORPORATED BUSINESS TAX

Finance

attacH to form nyc-202, nyc-202ein or nyc-204

uSe foRm nYC-114.5 if You aRe filinG a Claim foR a Reap CRedit. uSe foRm nYC-114.6 if You aRe filinG a Claim

foR eitHeR a Real eState taX eSCalation CRedit oR an emploYment oppoRtunitY ReloCation CoStS CRedit.

For CALENDAR YEAR 2014 or FISCAL YEAR beginning ______________________ 2014 and ending ___________________________

Name as shown on NYC-202, 202-EIN or NYC-204:

PARTNERSHIPS, ESTATES AND TRUSTS ONLY,

ENTER EMPLOYER IDENTIFICATION NUMBER

Type of Business:

CommeRCial

induStRial

Retail

Check one:

Unincorporated Business Tax year

SOCIAL SECURITY NUMBER

for which claim is made

ended:

:_________________

:___________

MONTH

YEAR

Federal Business Code:

Form NYC-114.8 must be attached to and submitted with Unincorporated Business Tax Return (Form NYC-202 or NYC-202EIN) or Part-

nership Tax Return (Form NYC-204) in order to claim the LMREAP credit.

Lower manhattan relocation and employment assistance program (Lmreap) credit

if the credit is refundable, fill in lines 1 and 11 and skip lines 2 through 10.

if the credit is non-refundable, skip line 1 and fill in lines 2 through 11.

refundable credit applied against Unincorporated Business tax

1. Computation of Refundable CRedit

number of eligible aggregate employment shares: _______________ X $3,000.

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

if you have carryover credits from preceding years, complete the carryover schedule below regardless of whether you will carry over credits to the current

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 7.

there is no non-refundable credit until the fifth taxable year after the year of the relocation.

nonrefundable credit applied against Unincorporated Business tax

2. Current year’s tax, including sales tax addback less the business tax credit,

the ubt paid credit and the Reap credit (see instructions)

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

3. Computation of current year’s credit:

(number of eligible aggregate employment shares: ___________ X $3,000

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

4. if line 3 is greater than line 2, enter the difference and skip lines 5 through 8. transfer amount

on line 2 to line 10

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

5. if line 3 is less than line 2, enter the difference. Complete carryover schedule below.

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

6. total carryover credits from prior taxable years (line 9f, column a below)

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

7. amount of carryover credit that may be carried over to the current year.

enter lesser of line 5 or line 6

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

8. total allowable credit for current year. Sum of the current year credit plus the applicable

carryover from prior years. add lines 3 and 7. Go to line 10

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

Lmreap carryover schedule

coLUmn c

coLUmn B

coLUmn a

You may not carry over the 5th

ARRYOVER TO

EXT

EAR

pplied