Form Cr-A - Commercial Rent Tax Return - 2011/12 (Page 2 of 2) in pdf

Form CR-A for the tax period June 1, 2011 to May 31, 2012 ONLY

Page 2

FOR ADDITIONAL PREMISES, YOU MAY EITHER MAKE COPIES OF THIS PAGE OR USE THE FINANCE SUPPLE-

MENTAL SPREADSHEET, AVAILABLE AT NYC.GOV/CRTINFO. YOU MAY NOT USE ANY OTHER SPREADSHEET.

EACH LINE MUST BE ACCURATELY COMPLETED. YOUR DEDUCTION WILL BE DISALLOWED IF INACCURATE INFORMATION IS SUBMITTED.

LINE

DESCRIPTION

PREMISES 1

PREMISES 2

PREMISES 3

1a. Street Address ......................................................... 1a.

1b. Zip Code ..................................................................1b. ________________________________________________________________________________________

1c. Block and 1d. Lot Number...................................1c/1d. ________________________________________________________________________________________

BLOCK

LOT

BLOCK

LOT

BLOCK

LOT

2. Gross Rent Paid (see instructions) ........................... 2. ________________________________________________________________________________________

3. Rent Applied to Residential Use .................................3. ________________________________________________________________________________________

4a. SUBTENANT'S NAME

................. 4a. ________________________________________________________________________________________

(if more than one subtenant, see instructions)

4b. Employer Identification Number (EIN) for

4b. EIN _____________________

4b. EIN ____________________

partnerships or corporations .....................................4b.

4c. Social Security Number for individuals .....................4c.

4c. SSN _____________________

4c. SSN ____________________

4d. Rent received from SUBTENANT

(if more than one subtenant, see instructions) ....................4d. ___________________________________________________________________________________________________

5a. Other Deductions (attach schedule) .........................5a. ________________________________________________________________________________________

5b. Commercial Revitalization Program

special reduction (see instructions) ..........................5b. ________________________________________________________________________________________

6. Total Deductions (add lines 3, 4d, 5a and 5b) ............6. ________________________________________________________________________________________

7. Base Rent Before Rent Reduction (line 2 minus line 6) ....7. ________________________________________________________________________________________

If the line 7 amount represents rent for less than the full year, proceed to line 10a, or

NOTE

If the line 7 amount plus the line 5b amount is $249,999 or less and represents rent for a full year, transfer line 9 to line 13, or

If the line 7 amount plus the line 5b amount is $250,000 or more and represents rent for a full year, transfer line 9 to line 14

8. 35% Rent Reduction (35% X line 7) ...........................8. ________________________________________________________________________________________

9. Base Rent Subject to Tax (line 7 minus line 8) ...........9. ________________________________________________________________________________________

COMPLETE LINES 10a, 11 AND 12 ONLY IF YOU RENTED PREMISES FOR LESS THAN THE FULL YEAR

10a. Number of Months at Premises during the tax period ........

10a. # of months 10b. From:

10c. To:

_________________________________________________________________________________________________________________

11. Monthly Base Rent before rent reduction

(line 7 plus line 5b divided by line 10a) .....................11. ________________________________________________________________________________________

12. Annualized Base Rent before rent reduction

(line 11 X 12 months)................................................12. ________________________________________________________________________________________

If the line 12 amount is $249,999 or less, transfer the line 9 amount (not the line 12 amount) to line 13

If the line 12 amount is $250,000 or more, transfer the line 9 amount (not the line 12 amount) to line 14

RATE CLASS

TAX RATE

13. ($0 - 249,999)............0%.....13. ______________________________________________________________________________________

14. ($250,000 or more)... 6%.....14. ______________________________________________________________________________________

15. Tax Due before credit

............15. ______________________________________________________________________________________

(line 14 multiplied by 6%)

16. Tax Credit

16. ______________________________________________________________________________________

(see worksheet below) .

Note: The tax credit only applies if line 7 plus line 5b (or line 12, if applicable) is at least $250,000, but is less than $300,000. All others enter zero.

Tax Credit Computation Worksheet

If the line 7 amount represents rent for the full 12 month period, your credit is calculated as follows:

(

)

Amount on line 15 X

$300,000 minus the sum of lines 7 and 5b

= _____________ = your credit

$50,000

If the line 7 amount represents rent for less than the full 12 month period, your credit is calculated as follows:

(

)

Amount on line 15 X