Ny Commercial Rent Tax Form – Fill Out and Use This PDF

		CR-Q1	NEW YORK CITY DEPARTMENT OF FINANCE
	FINANCE	FIRST QUARTER	COMMERCIAL RENT TAX RETURN
		2014/15	ApplicableforthetaxperiodJune1,2014toAugust31,2014ONLY

Federal Business Code .

PLEASE READ THE INSTRUCTIONS CAREFULLY SO THAT YOU PAY ONLY THE RIGHT AMOUNT OF TAX. COMPLETE THIS RETURN BY BEGINNING WITH PAGE 2, BUT DO NOT MAIL PAGE 2 OR OTHER ATTACHMENTS

COMPUTATION OF TAX

										▼ Payment Enclosed ▼
	A. Payment -		Payamountshown online4- Makecheck payableto:NYCDepartmentofFinance					●
	LINE		RATE		NO. OF PREMISES	TOTAL	TAX			TAX DUE:
		CLASS			FOR EACH RATE CLASS	BASE RENT	RATE		TOTAL BASE RENT X TAX RATE
	1.	$0 to $62,499 (from page 2 - line 13)				.00	0%	1.	0			0 0
	2.	$62,500 and over				.00	6%
		(from page 2 - line 14)						2.
	3.	Tax Credit (from page 2, line 16)
		(see instructions)						3.
	4.	TotalRemittanceDue(line 2 minus line 3).
		Enter paymentamounton lineA,above			..........................................................................................			4.

DO NOT ATTACH PAGE 2 BASE RENT COMPUTATION SCHEDULES TO THIS PAGE.

ATTACH REMITTANCE ONLY.

DID YOUR MAILINGADDRESS CHANGE?

If so, please visit us at nyc.gov/financeand select “Business” in the left column. Select “Update/Change Business

Name orAddress” from the Online Tools. Update as required.

Mail this return with your payment to:

NYC Dept. of Finance, P.O. Box 3931, New York, NY 10008-3931.

Make remittance payable to the order of “NYC DEPARTMENT OF FINANCE”. Payment must be made in U.S. dol- lars, drawn on a U.S. bank.

To receive proper credit, you must enter your correct Employer Identification Number or Social Security Number and yourAccount ID number on your tax return and remittance.

ELECTRONIC FILING

Register for electronic filing. It is an easy, secure and convenient way to file and pay taxes on-line.

For more information log on to nyc.gov/eservices

Form CR-Q1 for the tax period June 1, 2014 toAugust 31, 2014 ONLY

Page 2

USE THIS PAGE IF YOU HAVE THREE OR LESS PREMISES/SUBTENANTS OR, MAKE COPIES OF THIS PAGE TO REPORT ADDITIONAL PREMISES/SUBTENANTS. IF YOU REPORT MORE THAN THREE PREMISES OR SUBTENANTS, AND CHOOSE TO USE A SPREADSHEET, YOU MUST USE THE CRQ FINANCE SUP- PLEMENTAL SPREADSHEET, WHICH YOU CAN DOWNLOAD FROM OUR WEBSITE AT WWW.NYC.GOV/CRTINFO.

EACH LINE MUST BEACCURATELYCOMPLETED. YOUR DEDUCTION WILLBE 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. ________________________________________________________________________________________
			1c. BLOCK	1d. LOT	1c. BLOCK	1d. LOT	1c. BLOCK	1d. LOT

● 2.	Gross Rent Paid (see instructions)	2.	________________________________________________________________________________________
3.	Rent Applied to Residential Use	3.	________________________________________________________________________________________
	.............................................	4a.	________________________________________________________________________________________

●4b. Employer Identification Number (EIN) forKEEP THIS PAGE partnerships or corporations .....................................4b. ● 4b. EIN _____________________ ● 4b. EIN_____________________ ● 4b. EIN ____________________4a. SUBTENANT'S NAME

4c. Social Security Number for individuals		4c.	● 4c. SSN_____________________ ● 4c. SSN ____________________ ● 4c. SSN ____________________
4d. RENT RECEIVED FROM SUBTENANT
	(see instructions if more than one subtenant)	4d. ___________________________________________________________________________________________________
5b.	Commercial RevitalizationFORProgram		YOUR RECORDS.
5a.	Other Deductions (attach schedule)	5a.	________________________________________________________________________________________
	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) ....7DO. ________________________________________________________________________________________NOT FILE

8.35% Rent Reduction (35% X line 7) ...........................8. ________________________________________________________________________________________

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

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

NOTE If the line 7 amount plus the line 5b amount is $62,499 or less and represents rent for a 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 a full 3 month period, transfer line 9 to line 14

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

........10a. Number of Months at Premises during the tax period	10a. # of months	10b. From:	10a. # of months	10b. From:	10a. # of months		10b. From:
		10c. To:		10c. To:			10c. To:

11.Monthly Base Rent before rent reduction

(line 7 plus line 5b divided by line 10a)

11. ________________________________________________________________________________________

12.Quarterly Base Rent before rent reduction

(line 11 X 3 months)

12. ________________________________________________________________________________________

■If the line 12 amount is $62,499 or less, transfer the line 9 amount (NOT THE LINE 12AMOUNT) to line 13

■If the line 12 amount is $62,500 or more, transfer the line 9 amount (NOT THE LINE 12AMOUNT) to line 14

	RATE CLASS	TAX RATE
13.	($0 - 62,499)	0%	13.	_______________________________________________________________________________________
14.	($62,500 or more)	6%	14.	_______________________________________________________________________________________

15.Tax Due before credit

(line 14 multiplied by 6%)	15.
16. Tax Credit (see worksheet below)	16.	_______________________________________________________________________________________

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 ($75,000$12,500minus line 12) = _____________ = your credit

TRANSFER THE AMOUNTS FROM LINES 13, 14 AND 16 TO THE CORRESPONDING LINES ON PAGE 1

CR-Q1 FIRST QUARTER 2014/15