Form Nyc-114.5 - Reap Credit Applied To Unincorporated Business Tax - 2013

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R R E E A A P P C C R R E E D D I I T T A A P P P P L L I I E E D D T T O O
- - 1 1 1 1 4 4 . . 5 5
2013
NEW YORK CITY DEPARTMENT OF FINANCE
U U N N I I N N C C O O R R P P O O R R A A T T E E D D B B U U S S I I N N E E S S S S T T A A X X
TM
Finance
ATTACH TO FORM NYC-202 OR NYC-204
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. IF YOU ARE FILING A CLAIM FOR A SALES
TAX CREDIT, YOU MUST USE FORM NYC-114.5 FOR THE APPROPRIATE PRIOR YEAR. SEE INSTRUCTIONS.
For CALENDAR YEAR 2013 or FISCAL YEAR beginning ____________________ 2013 and ending _________________________
Print or Type
Name as shown on NYC-202 or NYC-204:
PARTNERSHIPS, ESTATES AND TRUSTS ONLY,
ENTER EMPLOYER IDENTIFICATION NUMBER
I I
I I
I I
COMMERCIAL
INDUSTRIAL
RETAIL
Type of Business:
Check one:
Unincorporated Business Tax year
for which claim is made
ended:
:_________________
:___________
:
MONTH
YEAR
SOCIAL SECURITY NUMBER
Principal Business Activity:
Form NYC-114.5 must be attached to and submitted with Unincorporated Business Tax Return (Form NYC-202) or Partnership Tax
Return (Form NYC-204) 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 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.
Nonrefundable Credit applied against Unincorporated Business Tax
1. Current yearʼs tax, including sales tax addback less the business tax credit and the UBT paid credit
(amount from NYC-202, pg. 1, Schedule A, line 21 or NYC-204, page 1, Schedule A, line 23)
...
1.
2. Computation of current yearʼs credit:
(number of eligible aggregate employment shares: ____________ X the applicable amount (see instructions))
....
2.
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 (see instructions)
...........................................................................................................................
3.
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.
Enter lesser of line 4 or line 5
.......................................................................................................................................
6.
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. Go to line 9
. ...........................................................................
7.
REAP carryover schedule
COLUMN B
COLUMN C
COLUMN A
A
You may not carry over the 5th
PPLIED
C
N
Y
C
C
Y
ARRYOVER TO
EXT
EAR
ARRYOVER TO
URRENT
EAR
preceding yearʼs credit to next year.
(column A minus column B)
(unused credit)
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 Unincorporated Business 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-202, Sch. A, line 22a or Form NYC-204, Sch. A, line 24a
....
11.
61011391
NYC - 114.5 2013

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