CLAIM FOR REAP CREDIT APPLIED TO BUSINESS,                                                                                      2020
                                              - 9.5                                                                                                                                                        
                                                                                        GENERAL AND BANKING CORPORATION TAXES
                                                                                        ATTACH TO FORM NYC-2, NYC-2A, NYC-3L, NYC-3A, NYC-1 or NYC-1A 

                                                                               For CALENDAR YEAR 2020 or FISCAL YEAR beginning ____________________ 2020 and ending ____________________________
                            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.  USE FORM NYC-9.8 IF YOU ARE FILING A 
                            CLAIM FOR THE LOWER MANHATTAN REAP CREDIT (LMREAP).  

                              t Print or Type
                              Name as shown on NYC-2, NYC-2A, NYC-3L, NYC-3A, NYC-1 or NYC-1A                                                       EMPLOYER IDENTIFICATION NUMBER 
             *00712091*

                              Type of Business:                                                                                                                                                            
                              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-9.5 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 REAP credit.
Relocation   and Employment Assistance Program (REAP) Credit 
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. 

NONREFUNDABLE CREDIT APPLIED AGAINST BUSINESS CORPORATION TAX, GENERAL CORPORATION TAX OR BANKING CORPORATION TAX - SEE INSTRUCTIONS.

1. Current year’s tax less the UBT Paid Credit (see instructions)................................................................................................  1.
2. Computation of current year’s credit: 
   (number of eligible aggregate employment shares: ___________ X the 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 (see instructions).....................................................................................................................................................   3.
4. If line 2 is less than line 1, enter the difference.  Complete carryover schedule below                                       ................................................  4.  
5. Total carryover credits from prior taxable years (line 8f, column A  below)                                 .......................................................................  5. 
6. Amount of carryover credit that may be carried over to the current year.  
   Enter lesser of line 4 or line 5  ...............................................................................................................................................................  6. 
7. Total allowable credit for current year.  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 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)
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 year (amount from line 1 or line 7, whichever is less)                                          ............. 9.
REFUNDABLE CREDIT APPLIED AGAINST BUSINESS CORPORATION TAX, GENERAL CORPORATION TAX OR BANKING CORPORATION 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.  Transfer amount to Form NYC-2, Sch. A, line 7; Form NYC-2A, Sch. A, line 9; Form NYC-3L, 
    Sch. A, line 9a; Form NYC-3A, Sch. A, line 11a;  Form NYC-1, Sch. A, line 8a or Form NYC-1A, Sch. A, line 10a: ........... 11.

00712091                                                                                                                                                                                                  NYC - 9.5  2020 - Rev. 11.05.2020

Form NYC-9.5 - 2020                                                                                    Page 2

INSTRUCTIONS                                         Carryover Schedule 
                                                     If you have carryover credits from preceding 
                                                     years, complete the carryover schedule regard-
General   Information                                less of whether you will use any of the carry-
 
REAP benefits are available only to taxpayers        over credits this year.  Enter on each line in 
that have previously applied to the New York         column B the amount from each carryover year 
City Department of Finance and received an           starting with the earliest preceding carryover 
initial Certificate of Eligibility.                  year (line 8a) that can be applied to the current 
                                                     year.  The total amount of carryover credits ap-
If you have relocated more than once, attach a       plied to the current year (line 8f, column B) 
schedule showing your apportionment of eligible      cannot exceed the amount on line 4. 
aggregate employment shares to each relocation.       
See Administrative Code §11-604(17)(a), §11-         The credit is refundable only if  all of the fol-
643.7(a) and §11-654(17)(a).                         lowing three criteria are met: 
                                                      
You must attach your annual certificate of eli-      1. the initial Certificate of Eligibility must be 
gible aggregate employment shares (ACEAES)            dated on or after July 1, 2000; 
                                                      
received from the New York City Department           2. the relocation must be to eligible premises 
of Finance and your initial Certificate of Eligi-     located in a "Revitalization Area" as defined 
bility for each relocation for which you are          in subdivision (n) of §22-621 of the New 
claiming credit.                                      York City Administrative Code; and 
                                                      
                                                     3. the taxable year for which the credit is being 
Specific Instructions                                 claimed must be either the year of the reloca-
 
The credit is non-refundable unless all of the        tion or  one of the four taxable years immedi-
three criteria listed below are met. For relo-        ately succeeding the year of the relocation.  
                                                      
cations where the credit is non-refundable fill 
                                                      
out lines 1 through 9 of this schedule and not 
line 10.   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. 
 
A non-refundable REAP credit is limited to the 
tax imposed for the year less the UBT paid 
Credit.  It must be taken before all other cred-
its except the UBT paid credit.  If the allowable 
non-refundable portion of the credit exceeds the 
tax imposed for the year less the UBT  Paid 
Credit, the excess may be carried over to the 
five immediately succeeding taxable years and, 
to the extent not previously utilized, may be 
credited against the taxpayer's tax for such 
years. 
 
Line 2 
 If your relocation was to a revitalization area, 
the applicable amount is $3,000.  If your relo-
cation area was not to a revitalization area, the 
applicable amount is $1,000. 
 
Line 3 
The amount on line 3 represents the amount of 
your 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 
3 on line 8e of the Carryover Schedule of your 
next year’s Form NYC 9.5.  See Instructions 
for Carryover Schedule below.