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Form NYC-114.12 - 2020 - Instructions Page 2
General Information
Section 11-503(p) of the New York City Administrative Code applicable to tax years beginning on or after January 1, 2017
provides a beer production credit to taxpayers who meet the eligibility requirements.
Eligibility
To be eligible for this credit, you must meet all of the following requirements:
l You are claiming this credit as an unincorporated business that earned the credit (not as a partner in a partnership),
l you are registered as a distributor under Article 18 (Taxes on Alcoholic Beverages), and
l you produce 60 million gallons or less of beer in New York State during the tax year.
l A registered distributor that produces more than one type of alcoholic beverage in New York State in the same tax year
qualifies for the credit for beer produced within the production limits stated above. If the production limitation for beer
is exceeded, no credit is allowed.
Credit Information
l The amount of credit per tax year for each gallon of beer produced in New York City is:
u 12 cents (.12) per gallon for the first 500,000 gallons produced, plus
u 3.86 cents (.0386) per gallon for each gallon produced in excess of 500,000 gallons (up to 15 million additional gal-
lons of beer).
l However, no credit is allowed for any beer produced in excess of 15.5 million gallons during the tax year.
l Any unused amount of credit for the current tax year will be treated as a refund or overpayment of tax to be credited to
next year’s tax. Interest will not be paid on the refund or overpayment.
l Line C – If you answered No to Schedule C – Computation of tax
Specific Instructions
question C, stop. You do not qual- credit used, refunded, or credited as
ify for the beer production credit for an overpayment to the next year
Line instructions this tax year. If you answered Yes
l Complete a separate Form NYC- to question B, complete Schedules l Line 8 – Enter your tax due before
114.12 for each registered distributor. B and C. credits from NYC-204, Schedule A,
l Please check the appropriate box for line 21; NYC-202, Schedule A, line
NYC form filed. Schedule B – Computation of credit 19 or NYC-202EIN, Schedule A,
for beer produced in New York City line 19.
Schedule A – Eligibility
l Column A – Enter the street num- l Line 9 – If you are claiming more
l Line A – If you are claiming this ber and name, and the borough in than one tax credit for this year,
credit as an unincorporated business New York City where the beer is enter the total amount of credits
that earned the credit (not as a part- produced. Do not enter a PO Box or claimed before applying this credit.
ner receiving a share of the credit), the mailing address of the company Otherwise, enter 0. You must apply
mark an Xin the Yes box and pro- if it differs from the physical loca- certain credits before this credit.
ceed to the next question in this tion where the beer is produced.
schedule. l Line 11 - Enter the lesser of line 7 or
l Column B – Enter the total number line 10 but not less than zero.
l Line B – If you answered No to of gallons produced in New York
question B, stop. You do not qual- City in this tax year. l Line 13 – Add lines 11 and 12 and
ify for the beer production credit for enter here and on NYC-204, Sched-
this tax year. If you answered Yes l Lines 5, 6 and 7 – No credit is al- ule A, line 22e; NYC-202, Schedule
to question B, enter the name, EIN lowed for any beer produced in ex- A, line 20e or NYC-202EIN, Sched-
or SSN and State Liquor Authority cess of 15,500,000 gallons (500,000 ule A, line 20e.
license number for the registered gallons on Line 5 plus 15,000,000
distributor and proceed to the next gallons on Line 6). Round the results
question in this schedule. on line 7 to nearest whole dollar.
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