Form Cr-Q - Commercial Rent Tax Return - 2004/05 (Page 2 of 2) in pdf

Form CR-Q for the tax period December 1, 2004 to February 28, 2005 ONLY

Page 2

IF ADDITIONAL SPACE IS REQUIRED FOR SUPPLEMENTS

YOU MAY MAKE PHOTOCOPIES OF THIS PAGE OR ATTACH A SCHEDULE

EACH LINE MUST BE ACCURATELY COMPLETED

YOUR DEDUCTION WILL BE DISALLOWED IF INACCURATE INFORMATION IS SUBMITTED

LINE

DESCRIPTION

PREMISES 1

PREMISES 2

PREMISES 3

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

and Zip Code ....................................................... ________________________________________________________________________________

Block and Lot Number ......................................... ________________________________________________________________________________

BLOCK

LOT

BLOCK

LOT

BLOCK

LOT

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

________________________________________________________________________________

3. Rent Applied to Residential Use.............................. ________________________________________________________________________________

..................................... 4.

________________________________________________________________________________

4. SUBTENANT'S NAME

Employer Identification Number (EIN) for

partnerships or corporations ..........................................

EIN ______________________

EIN _____________________

Social Security Number for individuals ..........................

SSN _____________________

SSN_____________________

Rent received from SUBTENANT

(see instructions if more than one subtenant)......................... __________________________________________________________________________________________

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

5b. Commercial Revitalization Program

special reduction (see instructions)........................ ________________________________________________________________________________

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

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

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

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

If the line 7 amount represents rent for less than the full 3 month period, proceed to line 10, or

If the line 7 amount plus the line 5b amount is $62,499 or less and represents rent for the full 3 month period, transfer line 9 to line 13, or

If the line 7 amount plus the line 5b amount is $62,500 or more and represents rent for the full 3 month period, transfer line 9 to line 14

COMPLETE LINES 10, 11 AND 12 ONLY IF YOU RENTED PREMISES FOR LESS THAN THE FULL THREE-MONTH PERIOD

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

# of months

From:

# of months

From:

# of months

From:

To:

_______________________________________________________________________________________________________

11. Monthly Base Rent before rent reduction

(line 7 plus line 5b divided by line 10) .................... ________________________________________________________________________________

12. Quarterly Base Rent before rent reduction

(line 11 X 3 months)............................................... ________________________________________________________________________________

If the line 12 amount is $62,499 or less, transfer the line 9 amount (not the line 12 amount) to line 13

If the line 12 amount is $62,500 or more, transfer the line 9 amount (not the line 12 amount) to line 14

RATE CLASS

TAX RATE

13. ($0 - 62,499) ................0%

.. ________________________________________________________________________________

(Transfer line total to page 1-line 1)

14. ($62,500 or more)....... 6%

.. ________________________________________________________________________________

(Transfer line total to page 1-line 2)

15. Tax Due before credit

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

__________________________________________________________________________________________

(line 14 multiplied by 6%)

16. Tax Credit

(see worksheet below)

.. ________________________________________________________________________________

(Transfer line total to page 1-line 3)

Note: The tax credit only applies if line 7 plus line 5b (or line 12, if applicable) is at least $62,500, but is less than $75,000. All others enter zero

Tax Credit Computation Worksheet

If the line 7 amount represents rent for the full 3 month period, your credit is calculated as follows:

(

)

Amount on line 15 X

$75,000 minus the sum of lines 7 and 5b

= __________________________ = your credit

$12,500

If the line 7 amount represents rent for less than the full 3 month period, your credit is calculated as follows:

(

)

Amount on line 15 X