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Form NYC-9.5 - 2000

Page 4

SCHEDULE B

Relocation and Employment Assistance Program (REAP) Credit

NOTE:

If your Certificate of Eligibility is dated on or after July 1, 2000, and you relocated to a “Revitalization Zone”, do not use this

schedule. A revised schedule will be available on the New York City Department of Finance website at

Attach annual certificate of eligible aggregate employment shares received from NYC Department of Finance.

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 6.

Credit applied against General Corporation Tax or Banking Corporation Tax

1. Current year’s tax, including sales tax addback if applicable less the UBT Paid Credit (NYC-3L, page 1,

Schedule A, line 8 plus line 10; NYC-3A, page 1, Schedule A, line 10 plus

line 12; NYC-1, page 1, Schedule A, line 7 or NYC-1A, page 1, Schedule A,

line 9)

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

2. Computation of current year’s credit:

(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

on line 1 to line 9

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

4. If line 2 is less than line 1, enter the difference. Complete carryover schedule below

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

5. Total carryover credits from prior taxable years (line 8f, column A below)

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

6. Amount of carryover credit that may be carried over to the current year.

Enter lesser of line 4 or line 5

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

7. Total allowable credit for current year. Sum of the current year credit plus the applicable

carryover from prior years. Add lines 2 and 6. Enter amount on line 9

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

REAP carryover schedule

COLUMN B

COLUMN C

COLUMN A

PPLIED

ARRYOVER TO

EXT

EAR

ARRYOVER TO

URRENT

EAR

You may not carry over the 5th

(column A minus column B)

(unused credit)

preceding year’s credit to next year.

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 REAP credit for current year (amount from line 1 or line 7, whichever is less)

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

Transfer amount to page 1, part I, line 2.

INSTRUCTIONS FOR LINE 2

If your certification of eligibility for REAP is dated before July 1, 1995, the applicable amount is $500. If it is dated on or after July

1, 1995, the applicable amount is $1,000.

REAP INFORMATION

REAP benefits are available only to taxpayers that have previously applied to the New York City Department of Finance and

received a Certificate of Eligibility.

Attach annual certificate of eligible aggregate employment shares (ACEAES) received from the New York City Department

of Finance.

The amount of credit allowable for any taxable year is limited to the tax imposed for such year less the UBT Paid Credit. The

REAP credit must be taken before all other credits except the UBT Paid Credit.

If the allowable credit exceeds the tax imposed for such year less the UBT Paid Credit, the excess may be carried over, in

order, to the five immediately succeeding taxable years and, to the extent not previously utilized, may be credited against the

taxpayer’s tax for such years.

Form Nyc-9.5 - Claim For Sales Tax Or Reap Credit Applied To General Corporation Tax And Banking Corporation Tax - 2000 Page 3

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