CLAIM FOR LOWER MANHATTAN RELOCATION EMPLOYMENT 
                                             - 9.8                                      ASSISTANCE PROGRAM (LMREAP) CREDIT APPLIED TO 
                                                                                        BUSINESS, GENERAL AND BANKING CORPORATIONS TAXES
                                                                                        ATTACH TO FORM NYC-2, NYC-2A, NYC-3L, NYC-3A, NYC-1 or NYC-1A
                         USE FORM NYC-9.5 IF YOU ARE FILING A CLAIM FOR A REAP CREDIT.  USE FORM NYC-9.6 IF YOU ARE FILING A CLAIM FOR 
                         EITHER A REAL ESTATE TAX ESCALATION CREDIT OR AN EMPLOYMENT OPPORTUNITY RELOCATION COSTS CREDIT.
                           t Print or Type
                           Name as shown on NYC-2, NYC-2A, NYC-3L, NYC-3A, NYC-1 or NYC-1A:                                                               EMPLOYER IDENTIFICATION NUMBER  
                                                                                                                                                                                                             
                           Type of Business:   
              *00812291*   (check one)         n                              COMMERCIAL   n    INDUSTRIAL                       n RETAIL                 FEDERAL BUSINESS CODE
                            
                            Corporation tax year for 
                              which claim is made.                         Date ended:  _______________________________    MONTH ____________________ YEAR
Form NYC-9.8 must be attached to and submitted with Business Corporation Tax Return (Form NYC-2) Combined Business Corporation Tax Return (Form 
NYC-2A), General Corporation Tax Return (Form NYC-3L), Combined General Corporation Tax Return (Form NYC-3A), Banking Corporation Tax Return 
(Form NYC-1) or Combined Banking Corporation Tax return (Form NYC-1A) in order to claim the LMREAP credit.
Lower Manhattan Relocation and Employment Assistance Program (LMREAP) Credit
s   If credit is refundable, complete lines 1 and 11 and skip lines 2 through 10. 
    If credit is non-refundable, skip line 1 and complete lines 2 through 11.
REFUNDABLE CREDIT APPLIED AGAINST GENERAL CORPORATION TAX, BUSINESS CORPORATION TAX, OR BANKING CORPORATION TAX
1.  COMPUTATION OF REFUNDABLE CREDIT 
    Number of eligible aggregate employment shares: _______________ X $3,000.                                                    .......................................................... 1.
s   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.  
    There is no non-refundable credit until the fifth taxable year after the year of the relocation.
NONREFUNDABLE CREDIT APPLIED AGAINST GENERAL CORPORATION TAX, BUSINESS CORPORATION TAX OR BANKING CORPORATION TAX - SEE INSTR.
2. Current year’s tax less the UBT Paid Credit and 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 line 2, enter the difference 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.  Complete carryover schedule below                                       ................................................... 5.  
6. Total carryover credits from prior taxable years (line 9f, column A  below)                            .......................................................................... 6. 
7. Amount of carryover credit that may be carried over to the current year.  
   Enter lesser of line 5 or line 6 ................................................................................................................................................................... 7. 
8. Total allowable credit for current year.  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 A                                     COLUMN B                                                                COLUMN C 
    You may not carry over the 5th                                              CARRYOVER   CTOURRENT YEAR                           APPLIED                                                               CARRYOVER   NTOEXT YEAR    
    preceding year’s credit to next year.                                               (unused credit)                                                                                                     (column A minus column B)

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 year (amount from line 2 or line 8, whichever is less)........... 10.

CREDIT
11. Line 1 or line 10.  Transfer amount to Form NYC-2, Sch. A, line 9; Form NYC-2A, Sch. A, line 11; Form NYC-3L, 
    Sch. A, line 9b; Form NYC-3A, Sch. A, line 11b; Form NYC-1, Sch. A, line 8b or Form NYC-1A, Sch. A, line 10b ........11.
00812291                                                                                                                                                                                                                  NYC - 9.8  2022

Form NYC-9.8 - 2022                                                                                        Page 2

INSTRUCTIONS                
 
General        Information 
 
LMREAP benefits are available only to taxpayers that have previously applied to the New York City Depart-
ment of Finance and received an Initial Certificate of Eligibility.  The credit is not available for any relocation 
prior to July 1, 2003. 
 
You must attach your annual certificate of eligible aggregate employment shares (ACEAES) received from the 
New York City Department of Finance and your initial Certificate of Eligibility.

Specific Instructions                                         
 
The credit is refundable   if the taxable year for which the Carryover Schedule 
credit is being claimed is either the year of the relocation If you have carryover credits from preceding years, com-
or  one of the four taxable years immediately succeeding     plete the carryover schedule regardless of whether you 
the year of the relocation.  For example, if the year of re- will use any of the carryover credits this year.  Enter on 
location is the calendar tax year 2004, the credit will be   each line in column B the amount from each carryover 
refundable for the calendar tax years 2004 through 2008.     year starting with the earliest preceding carryover year 
                                                             that can be applied to the current year.  The total amount 
For later taxable years the credit is non-refundable.  For   of carryover credits applied to the current year (line 9f, 
example, if the year of relocation is the calendar tax year  column B) cannot exceed the amount on line 7. 
2004, the credit will be nonrefundable for the calendar       
tax years 2009 and thereafter.  For relocations where the 
credit is refundable fill out lines 1 and 11 and skip lines 
2 through 10.  For relocations where the credit is non-re-
fundable fill out lines 2 through 10 of this schedule and 
not line 1.    
 
A non-refundable LMREAP credit is limited to the tax 
imposed for the year less the UBT Paid Credit and the 
REAP credit.  It must be taken before all other credits ex-
cept the UBT Paid credit and the REAP credit.  If the al-
lowable non-refundable credit exceeds the tax imposed 
for the year less the UBT  Paid Credit and the REAP 
credit, the excess may be carried over to the five imme-
diately succeeding taxable years and, to the extent not 
previously utilized, may be credited against the taxpayer's 
tax for such years. 
 
Line 4 
The amount on line 4 represents the amount of your LM-
REAP credit that you can carry forward to the next five 
taxable years and apply against the tax for such years.  
Enter the amount from line 4 on line 9e of the Carryover 
Schedule of your next year’s Form NYC-9.8.  See In-
structions for Carryover Schedule below.