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NEW YORK CITY DEPARTMENT OF FINANCE
CR-Q3
THIRD QUARTER COMMERCIAL RENT TAX RETURN
2022/23 Applicable for the tax period December 1, 2022 to February 28, 2023 ONLY

PLEASE PRINT OR TYPE: Employer
Name: Identification
Number .............................
OR
_________________________________________________________________________________ Social
Address (number and street): Security
Number ....................

_________________________________________________________________________________ ACCOUNT TYPE .......... COMMERCIAL RENT TAX
City and State: Zip:
PERIOD BEGINNING ...... 12-01-22
PERIOD ENDING .......... 02-28-23
_________________________________________________________________________________
Business Telephone Number: DUE DATE .................... 03-20-23

Federal Business Code .

PLEASE READ THE INSTRUCTIONS CAREFULLY SO THAT YOU PAY ONLY THE RIGHT AMOUNT OF TAX.
COMPLETE THIS RETURN BY BEGINNING WITH PAGES 2 AND 3, BUT DO NOT MAIL PAGE 2 AND 3 OR OTHER ATTACHMENTS

COMPUTATION OF TAX t Payment Enclosed t
A. Payment - Pay amount shown on line 4 - Make check payable NYCto: Department of Finance l
LINE RATE NO.OF PREMISES TOTAL TAX TAX DUE :
CLASS FOR EACH RATE CLASS BASE RENT RATE TOTAL BASE RENT XTAX RATE

1. $0 to $62,499 (from page 2, ine 13) .00 0% 1. 000

2. $62,500 and over (from page 2, line 14) .00 6% 2.

3. Tax Credit (from page 2, line 16) (see instructions) ......... 3.

4. Small Business Tax Credit (from page 2, line 17) (see instr.) . 4.

5. Total credits (line 3 plus line 4)....................................................................................................... 5.

6. Total Remittance Due (line 2 minus line 5). Enter payment amount on line A, above ............................ 6.

DO NOT ATTACH PAGE 2 OR PAGE 3 TO THIS PAGE. ATTACH REMITTANCE ONLY.

DID YOUR MAILING ADDRESS CHANGE?
If so, please visit us at nyc.gov/finance and select “Business” in the left column. Select “Update/Change Business
Name or Address” 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 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
CR-Q3 THIRD QUARTER 2022/23

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Form CR-Q3 for the tax period December 1, 2022 to February 28, 2023 ONLY Page 2
YOU MAY FILE ELECTRONICALLY AT NYC.GOV/ESERVICES. IF YOU ARE FILING ON PAPER, USE THIS PAGE IF YOU HAVE THREE OR LESS PREM-
ISES/SUBTENANTS OR MAKE COPIES OF THIS PAGE IF YOU HAVE ADDITIONAL PREMISES/SUBTENANTS. IF YOU CHOOSE TO USE A SPREADSHEET,
YOU MUST USE THE CRA.FINANCE SUPPLEMENTAL SPREADSHEET WHICH YOU CAN DOWNLOAD FROM OUR WEBSITE AT WWW.NYC.GOV/CRTINFO.

EACH LINE MUST BE ACCURATELY COMPLETED. YOUR DEDUCTION WILL BE DISALLOWED IF INACCURATE INFORMATION IS SUBMITTED.
LINE DESCRIPTION PREMISES 1 PREMISES 2 PREMISES 3
l 1a. Street Address ................................................................ 1a.
1b. Zip Code ..........................................................................1b. ________________________________________________________________________________________
1c/d. Block and Lot Number ...............................................1c/1d. ________________________________________________________________________________________
1c. BLOCK 1d. LOT 1c. BLOCK 1d. LOT 1c. BLOCK 1d. LOT
l 2. Gross Rent Paid (see instructions) ............................ 2.________________________________________________________________________________________

3. Rent Applied to Residential Use ................................... 3. ________________________________________________________________________________________

4a1. SUBTENANT'S Name if Partnership or Corporation
(if more than one subtenant, see instructions)......... 4a1. ________________________________________________________________________________________
l 4a2. Employer Identification Number (EIN) for
partnerships or corporations .................................4a2. lEIN ________________________ l EIN ________________________ l EIN _______________________
4b1. SUBTENANT'S Name if Individual ............................. 4b1. ________________________________________________________________________________________

4b2.Social Security Number (SSN) for individuals .....4b2. lSSN _______________________ l SSN _______________________ l SSN _______________________
4c. Rent received from SUBTENANT
(if more than one subtenant, see instructions)............4c. ___________________________________________________________________________________________________
5a. Other Deductions (attach schedule)..........................5a. ________________________________________________________________________________________
5b. Commercial Revitalization Program
special reduction (see instructions) ...........................5b. ________________________________________________________________________________________
6. Total Deductions (add lines 3, 4c, 5a and 5b)............... 6. ________________________________________________________________________________________
7. Base Rent Before Rent Reduction (line 2 minus line 6)...7. ________________________________________________________________________________________
8. 35% Rent Reduction (35% X line 7)............................... 8. ________________________________________________________________________________________
9. Base Rent Subject to Tax (line 7 minus line 8) ............. 9. ________________________________________________________________________________________
4If the line 7 amount represents rent for less than the full three-month period, proceed to line 10, or
NOTE 4If the line 7 amount plus the line 5b amount is $62,499 or less and represents rent for a full three-month period, transfer line 9 to line 13, or
4If the line 7 amount plus the line 5b amount is $62,500 or more and represents rent for a full three-month period, transfer line 9 to line 14
COMPLETE LINES 10 THROUGH 12 ONLY IF YOU RENTED PREMISES FOR LESS THAN THE THREE-MONTH PERIOD
10. Tenants whose rent is not paid on a monthly basis,
check box and see instructions. Others complete
■ ■ ■
lines 10a through 12 .................................................10. __________________________________________________________________________________________
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 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 TRANSFER THE AMOUNTS FROM LINES 13 THROUGH 17 TO THE CORRESPONDING LINES ON PAGE 1

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.________________________________________________________________________________________
17. Small Business Tax Credit .................(from pg. 3, or
supplemental spreadsheet) (see instructions) ...........................17.________________________________________________________________________________________

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

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Form CR-Q3 for the tax period December 1, 2022 to February 28, 2023 ONLY Page 3
IF YOU ARE FILING ON PAPER, USE THIS PAGE IF YOU HAVE THREE OR LESS PREMISES OR MAKE COPIES IF YOU HAVE
ADDITIONAL PREMISES. IF YOU CHOOSE TO USE A SPREADSHEET, YOU MUST USE THE SUPPLEMENTAL SMALL BUSI-
NESS TAX CREDIT WORKSHEET WHICH YOU CAN DOWNLOAD FROM OUR WEBSITE AT WWW.NYC.GOV/CRTINFO.

SMALL BUSINESS TAX CREDIT WORKSHEET
A. Is your "total income" as defined by Ad. Code Section 11-704.4(a) less than $10,000,000?................................ ■ YES ■ NO
If your answer to Question A is NO, you are not eligible for this credit.
B. Is your "Base Rent Before Rent Reduction" (page 2, line 7) for any premises at least $62,500 but less than $137,500? ... ■ YES ■ NO
If the answer to this Question is NO for any of the premises, you are not eligible for this credit for those premises whose Base Rent
Before Reduction is either less than $62,500 or equal to or greater than $137,500 and you should not complete this worksheet for those premises.

INCOME FACTOR CALCULATIONS - Complete either lines 1a and 1b OR lines 2a and 2b

1a. Enter amount of total income, if total income is $5,000,000 or less (see instructions)............................................1a. ______________________________________
1b. Income factor (see instructions)..............................................................................................................................1b. ______________________________________
2a. Enter amount of total income if total income is more than $5,000,000
but less than $10,000,000 (see instructions)...........................................................................................................2a. ______________________________________
2b. If total income is more than $5,000,000 but less than $10,000,000:
Income Factor is (10,000,000 - line 2a) / 5,000,000................................................................................................2b. ______________________________________

RENT FACTOR CALCULATIONS - Complete either lines 3a and 3b OR lines 4a and 4b
PREMISES PREMISES PREMISES
3a. Enter amount of base rent, if base
rent from Page 2, line 7 is less
than $125,000....................................................3a. _________________________________________________________________________________________
3b. Rent factor (see instructions) ............................3b. _________________________________________________________________________________________KEEP THIS PAGE
4a. Enter amount of base rent if base rent
from Page 2, line 7 is at least
$125,000 but less than $137,500
FOR YOUR RECORDS.
(see instructions). ..............................................4a. _________________________________________________________________________________________
4b. If base rent from Page 2, line 7 is at least
$125,000 but less than $137,500:
Rent Factor is ($137,500 - line 4a) / 12,500......4b. _________________________________________________________________________________________DO NOT FILE

CREDIT CALCULATION
5a. Page 2, line 15 (Tax at 6%) ...............................5a. _________________________________________________________________________________________
5b. Page 2, line 16 (Tax Credit from Tax
Credit Computation Worksheet on Page 2).......5b. _________________________________________________________________________________________

5c. (line 5a - line 5b) X (line 1b or 2b) X (line 3b or 4b).
Enter here and on Page 2, line 17.....................5c. _________________________________________________________________________________________

WORKSHEET FOR TENANTS WHO PAY RENT FOR A PERIOD OTHER THAN ONE MONTH (SEE INSTRUCTIONS)
To determine the quarterly base rent before rent reduction, divide the rent paid during the tax period by the number of days for which the rent was paid, multiply
the result by the number of days in the tax year and divide that result by 4. Enter the result on line 5 here and Page 2, line 12.
PREMISES PREMISES PREMISES

1. Amount of rent paid for the period....................... 1. _____________________________________________________________________________________
2. Number of days in the rental period for which
rent was paid....................................................... 2. _____________________________________________________________________________________
3. Rent per day (divide line 1 by line 2.
Round to the nearest whole dollar) ..................... 3. _____________________________________________________________________________________
4. Annualized rent (multiply rent per day, line 3
by 365. In case of a leap year, multiply by 366.
Round to the nearest whole dollar) ..................... 4. _____________________________________________________________________________________
5. Quarterly Base Rent before rent reduction
(divide the result on line 4 by 4.
Round to the nearest whole dollar) ..................... 5. _____________________________________________________________________________________

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