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CLAIM FOR LOWER MANHATTAN RELOCATION EMPLOYMENT 2020
-9.8 UTX ASSISTANCE PROGRAM (LMREAP) CREDIT APPLIED TO THE UTILITY TAX
ATTACH TO FORM NYC-UXRB, NYC-UXP, or NYC-UXS

t PRINT OR TYPE t For CALENDAR YEAR 2020 or FISCAL YEAR beginning ________________ 2020 and ending _____________________
Name as shown on NYC-UXRB, NYC-UXP OR NYC-UXS t EMPLOYER IDENTIFICATION NUMBER

FEDERAL BUSINESS CODE:

Filing Period for which claim is made t SOCIAL SECURITY NUMBER

Date ended: month: ___________________ , year: ______________

*70412091* ATTACH ANNUAL CERTIFICATE OF ELIGIBLE AGGREGATE EMPLOYMENT SHARES RECEIVED FROM NYC DEPARTMENT OF FINANCE
SECTION I - Credit applied against Utility Tax for the last tax period of the calendar year
If credit is refundable, fill in lines 1 and 11 and skip lines 2 through 10 of this section.
If credit is non-refundable, skip line 1 and fill in lines 2 through 11 of this section.
Schedule A Refundable Credit
1. COMPUTATION OF REFUNDABLE CREDIT
Number of eligible aggregate employment shares: _______________ X $3,000. ............................................................. 1.
Schedule B Nonrefundable Credit
2. Current period’s tax, including sales tax addback if applicable, less the REAP credit (see instructions)........................................2.
3. Computation of current year’s credit:
(number of eligible aggregate employment shares: ___________ X $3,000) ............................................................................ 3.
4. If line 3 is greater than or equal to line 2, enter the difference or zero and skip lines 5 through 8. Transfer amount on line 2 to line 10...... 4.
5. If line 3 is less than line 2, enter the difference ..................................................................................................................................5.
6. Total carryover credits from prior calendar years (line 9f, column A below) (see instructions for Carryover Schedule) ............ 6.
7. Amount of carryover credit that may be carried over to the current period. Enter lesser of line 5 or line 6 ............................... 7.
8. Total allowable credit for current period. Sum of the current year credit plus the applicable carryover from prior years.
Add lines 3 and 7. Go to line 10 ................................................................................................................................................ 8.
LMREAP carryover schedule COLUMN C
COLUMN A COLUMN B CARRYOVER TO NEXT PERIOD
You may not carry over the 5th preceding year’s CARRYOVER TO CURRENT PERIOD APPLIED (column A minus column B)
credit to tax periods in the next calendar year. (unused credit)
9a. Carryover from 5th preceding year................ 9a.
9b. Carryover from 4th preceding year................ 9b.
9c. Carryover from 3rd preceding year................ 9c.
9d. Carryover from 2nd preceding year............... 9d.
9e. Carryover from 1st preceding year ................ 9e.
9f. Total............................................................... 9f.
10. Allowable nonrefundable LMREAP credit for current period (amount from line 2 or line 8, whichever is less) .......................... 10.
Credit
11. Line 1 or line 10. Enter on Form NYC-UXRB, Schedule A, line 25b; Form NYC-UXP, Schedule A, line 20b;
or Form NYC-UXS, Schedule A, line 15b, whichever applies. ........................................................................................................... 11.
SECTION II - Nonrefundable Credit applied against Utility Tax for tax periods other than the last tax period of the calendar year
1. Current period’s tax, including sales tax addback if applicable (NYC-UXRB,
Schedule A, line 24; NYC-UXP, Schedule A, line 19; or NYC-UXS, Schedule A, line 14) .......................................................... 1.
2. Total carryover credits from prior calendar years (line 4f, column A below) ............................................................................... 2.
3. Amount of carryover credit that may be carried over to the current period. Enter lesser of line 1 or line 2. Enter on Form NYC-UXRB,
Schedule A, line 25b, Form NYC-UXP, Schedule A, line 20b, or Form NYC-UXS, Schedule A, line 15b, whichever applies ..... 3.
® Enter in column B (the applied column) the amount applied to the current period from each carryover year starting with the 5th preceding carryover year until the total
agrees with the amount on line 3.
LMREAP carryover schedule COLUMN C
COLUMN A COLUMN B CARRYOVER TO NEXT PERIOD
CARRYOVER TO CURRENT PERIOD APPLIED (column A minus column B)
(unused credit)
4a. Carryover from 5th preceding year................ 4a.
4b. Carryover from 4th preceding year................ 4b.
4c. Carryover from 3rd preceding year................ 4c.
4d. Carryover from 2nd preceding year............... 4d.
4e. Carryover from 1st preceding year ................ 4e.
4f. Total............................................................. 4f.
NYC - 9.8UTX 2020
70412091

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Form NYC-9.8UTX - 2020                                                                                 Page 2

GENERAL INFORMATION                                                 
                                                                    
The first calendar year for which LMREAP credits are avail-        The credit is non-refundable for later calendar years.  For 
able against the Utility Tax is 2003.  The first calendar year for example, if the year of relocation is the calendar year 2004, 
which a non-refundable credit is possible is 2008.                 the credit will be nonrefundable for all periods in the cal-
                                                                   endar years 2009 and thereafter.  For relocations where the 
LMREAP benefits are available only to taxpayers that have          credit is non-refundable fill out lines 2 through 11 of this 
previously applied to the New York City Department of Fi-          section and not line 1.   
nance and received a Certificate of Eligibility.                    
                                                                   The non-refundable LMREAP credit for the last tax pe-
In order for a vendor of Utility Services to take a LMREAP         riod of the calendar year is limited to the tax imposed for 
credit against the Utility Tax, it must elect to do so at the time such period less the REAP credit.  It must be taken after 
of submission of its LMREAP application to the Department          the REAP credit but before all other credits.  If the allow-
of Finance.  Any Vendor of Utility Services that has qualified     able non-refundable credit exceeds the tax imposed for the 
for LMREAP but has not so elected, must take its credit against    period, the excess may be carried over to tax periods in the 
the Business Corporation Tax, General Corporation Tax, Un-         five immediately succeeding taxable years and, to the ex-
incorporated Business Tax or Bank Tax, whichever is applica-       tent not previously utilized, may be credited against the 
ble.                                                               taxpayer's tax for such periods. 
                                                                    
You must attach your annual certificate of eligible aggregate      Line 2 
employment shares (ACEAES) received from the New York              Enter here the appropriate amount:  
City Department of Finance and your initial Certificate of El-      
igibility for each relocation for which you are claiming credit.   Filers of Form NYC-UXRB -- 
                                                                   Schedule A, line 24 less line 25a 
A LMREAP credit that is earned in a given calendar year may        Filers of Form NYC-UXP   -- 
be taken in that year only on the return for the last tax period   Schedule A, line 19 less line 20a 
of the year against the tax due for that period.                   Filers of Form NYC-UXS   -- 
                                                                   Schedule A, line 14 less line 15a 
A carryover credit from a preceding year may be taken on the        
return for any tax period in a calendar year including the last    Line 4 
period.                                                            The amount on line 4 represents the amount of your LMREAP 
                                                                   credit that you can carry forward to the next five taxable years 
A separate Form NYC-9.8UTX must be filled out and at-              and apply against the tax for such years.  If line 3 is equal to 
tached to the appropriate Utility Tax return for any tax period    line 2 enter zero on line 4 and skip lines 5 through  8.  Enter 
for which a LMREAP Credit is claimed.  For the last tax pe-        the amount from line 4 on line 4e of Section II of your next 
riod of a calendar year, complete only section I.  For any other   year’s Form NYC 9.8UTX.   
tax period, complete only Section II.                               
                                                                   Section II 
                                                                    
SPECIFIC INSTRUCTIONS                                              The amount of credit allowable for any taxable period other 
                                                                   than the last period of the calendar year is limited to the tax im-
Section I                                                          posed for such period. 
                                                                    
The credit is refundable if the calendar year for which the        Instructions – LMREAP Carryover Schedules.  Sections I and II 
credit is being claimed is either the year of the relocation or     
one of the four taxable years immediately succeeding the           If you have carryover credits from preceding years, complete 
year of the relocation.   For example, if the year of reloca-      the applicable carryover schedule regardless of whether you 
tion is the calendar year 2004, the credit will be refundable      will carry over credits to the current period. Enter on each line 
for the last tax period in calendar years 2004 through 2008.       in column B the amount from each carryover year starting with 
                                                                   the earliest preceding carryover year that can be applied to the 
No refundable credits are allowed in any period other              current period.  The total amount of carryover credits applied to 
than the last tax period of the calendar year.  If the             the current period, column B, line 9f or 4f, whichever applies, 
credit is refundable, fill out lines 1 and 11 and skip lines       cannot exceed the amount on Section I, line 7 or Section II, line 
2 through 10.                                                      3, whichever applies.

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