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CLAIM FOR REAP CREDIT APPLIED TO THE UTILITY TAX
-9.5 UTX 2020
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: EMPLOYER IDENTIFICATION NUMBER:

FEDERAL BUSINESS CODE:

Filing Period for which claim is made: SOCIAL SECURITY NUMBER:

Date ended. Month: _______________________________ , Year: ___________________
RELOCATION AND EMPLOYMENT ASSISTANCE PROGRAM (REAP) CREDIT
ATTACH ANNUAL CERTIFICATE OF ELIGIBLE AGGREGATE EMPLOYMENT SHARES RECEIVED FROM NYC DEPARTMENT OF FINANCE
SECTIO N I - Credit applied against Utility Tax for the last tax period of the calendar year
Schedule A Nonrefundable Credit
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. Computation of current year’s credit:
number of eligible aggregate employment shares: ___________ X 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 ...................... 3.
4. If line 2 is less than line 1, enter the difference ......................................................................................................................................4.
5. Total carryover credits from prior calendar years (line 8f, column A below) (see instructions for Carryover Schedule)................. 5.
6. Amount of carryover credit that may be carried over to the current period. Enter lesser of line 4 or line 5 .................................... 6.
7. Total allowable credit for current period. 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 C
C
COLUMN A COLUMN B ARRYOVER 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)
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 period (amount from line 1 or line 7, whichever is less).................................. 9.
Schedule B Refundable Credit
Refundable Credit applied against Utility 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. Enter on Form NYC-UXRB, Schedule A, line 25a; Form NYC-UXP, Schedule A, line 20a;
or Form NYC-UXS, Schedule A, line 15a, 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 3.
Enter on Form NYC-UXRB, Schedule A, line 25a, Form NYC-UXP, Schedule A, line 20a, or Form NYC-UXS, Schedule A, line 15a, whichever applies.
n 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.
REAP carryover schedule COLUMN C
COLUMN A COLUMN B ARRYOVER TO NEXT PERIOD
C
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 - 9.5UTX 2020

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Form NYC-9.5UTX - 2020                                                                                                            Page 2

                                                                            Schedule A  
General Information                                                          
The first calendar year for which REAP credits are available against        Line 2 
the Utility Tax is 1999.                                                    If your relocation was to a revitalization area, the applicable 
                                                                            amount is $3,000.  If your relocation was not to a revitalization 
REAP benefits are available only to taxpayers that have previously          area, the applicable amount is $1,000. 
applied to the New York City Department of Finance and received              
an initial Certificate of Eligibility.                                      Line 3 
 
                                                                            The amount on line 3 represents the amount of your REAP credit 
If you have relocated more than once, attach a schedule showing your 
                                                                            that you can carry forward to taxable periods in the next five cal-
apportionment of eligible aggregate employment shares to each re-
                                                                            endar years.  Enter this amount on line 4e of Section II of your 
location.  See Administrative Code §11-1105.2(a). 
                                                                            Form NYC 9.5UTX for your first taxable period in the next cal-
In order for a vendor of Utility Services to take a REAP credit against     endar year. 
                                                                             
the Utility Tax, it must elect to do so at the time of submission of its     
REAP application to the Department of Finance.  Any Vendor of Util-         The credit is refundable only if  all of the following three cri-
ity Services that has qualified for REAP but has not so elected, must       teria are met: 
take its credit against the Business Corporation Tax, General Corpo-        1. the initial Certificate of Eligibility must be dated on or after 
ration Tax, Unincorporated Business Tax or Bank Tax, whichever is            July 1, 2000; 
                                                                             
applicable.                                                                 2. the relocation must be to eligible premises located in a "Revi-
 
You must attach your annual certificate of eligible aggregate em-            talization Area" as defined in subdivision (n) of §22-621 of the 
ployment shares (ACEAES) received from the New York City De-                 New York City Administrative Code; and 
                                                                             
partment of Finance and your initial Certificate of Eligibility for each    3. the calendar year for which the credit is being claimed must be 
relocation for which you are claiming credit.                                either the year of the relocation or  one of the four taxable years 
                                                                             immediately succeeding the year of the relocation.   
A REAP credit that is earned in a given calendar year may be taken           
in that year only on the return for the last tax period of the year against Instructions - REAP Carryover Schedules 
the tax due for that period.                                                  
                                                                            If you have carryover credits from preceding years, complete the 
A carryover credit from a preceding year may be taken on the return         applicable carryover schedule regardless of whether you will carry 
for any tax period in a calendar year including the last period.            over credits to the current period. Enter on each line in column B 
                                                                            the amount applied to the current period from each carryover year 
A separate Form NYC-9.5UTX must be filled out and attached to the           starting with the earliest preceding carryover year (line 8a or 4a, 
appropriate Utility Tax return for any tax period for which a REAP          whichever applies) that can be applied to the current period.  The 
Credit is claimed.  For the last tax period of a calendar year, com-        total amount of carryover credits applied to the current period, 
plete only section I.  For any other tax period, complete only Section      column B, line 8f or 4f, whichever applies, cannot exceed the 
II.                                                                         amount on Section I, line 6 or Section II, line 3, whichever ap-
                                                                            plies.  
Specific Instructions                                                        
                                                                            Section II 
                                                                             
                                                                            No refundable credits are allowed in any period other than 
Section 1                                                                   the last period of the calendar year. 
 
The credit is non-refundable unless    all of the three criteria 
                                                                            The amount of credit allowable for any taxable period other than 
listed below are met. For relocations where the credit is non-re-
                                                                            the last period of the calendar year is limited to the tax imposed 
fundable fill out lines 1 through 9 of this section and not line 10.   
                                                                            for such period.
If all of the three criteria are met the credit is refundable.  If the 
credit is refundable,  skip lines 1 through 9 and fill out line 10. 
 
The non-refundable REAP credit for the last tax period of the 
calendar year is limited to the tax imposed for such period.  It 
must be taken before all other credits.  If the allowable non-re-
fundable portion of the credit exceeds the tax imposed for the pe-
riod, the excess may be carried over to tax periods in the five 
immediately succeeding taxable years and, to the extent not pre-
viously utilized, may be credited against the taxpayer's tax for 
such periods.

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