DEPRECIATION ADJUSTMENTS FOR 
                                -399Z
                                                          CERTAIN POST 9/10/01 PROPERTY

                    For CALENDAR YEAR ________ or FISCAL YEAR beginning _________________________  and ending _________________________
                    Name (Print or Type)                                                               EMPLOYER IDENTIFICATION NUMBER 
                                                                                                                      
                    s Federal Form 4562 must accompany this form.                                                     OR     
                    s This schedule must be attached to your applicable New York City tax return. 
         *00612291*   See instructions.                                                                  SOCIAL SECURITY NUMBER
                    s Use Schedule A2 to report modifications to the deductions for certain sport      
                      utility vehicles, not Schedule A1.  See instructions. 

SCHEDULE A1           Computation of allowable New York City depreciation for current year                            Attach rider if necessary
         A            B            C         D                    E            F                       G              H        I 
    Description       Class of  Date Placed  Cost           Accumulated NYC    Federal Depreciation    Method of      Life   Allowable  
         of           Property   in Service:  or            Depreciation Taken                        Figuring NYC    or     New York City  
    Property                    mm-dd-yy      Other Basis    in Prior Years                             Depreciation   Rate  Depreciation 

1a. Total columns D, E, F, and I...........
Enter total of columns F and I on line 4 and line 5 of Schedule C below.  (See instructions on back.)

SCHEDULE A2              Computation of NYC deductions for current year for sport utility vehicles                   Attach rider if necessary
         A            B            C         D                    E            F                       G              H        I 
    Description       Class of  Date Placed  Cost           Accumulated NYC    Federal                 Method of      Life   Total Allowable  
         of           Property   in Service:  or            Deductions Taken   Depreciation and       Figuring NYC    or     New York City  
    Property                    mm-dd-yy      Other Basis    in Prior Years    Section 179 Deductions  Depreciation    Rate  Deductions 

1b. Total columns D, E, F, and I ..........
00612291                                                                                                                       NYC-399Z - 2022

Form NYC-399Z                                                                                                                                       Page 2
SCHEDULE B                       Disposition adjustment                                                                   Attach rider if necessary
For each item of property listed below, determine the difference between federal and New York City  deductions used in the computation of federal 
and New York City taxable income in prior years. 
s   If federal deduction exceeds New York City deduction, subtract column E from column D and enter in column F. 
s   If New York City deduction exceeds federal, subtract column D from column E and enter in column G.

                    A  B         C               D                                     E                        F                                 G 
    Description        Class of  Date Placed     Total Federal                 Total NYC                      Adjustment                       Adjustment 
    of Property         Property    in Service: Depreciation Taken             Depreciation Taken             (D minus E)                      (E minus D)
                       (ACRS)     mm-dd-yy

2.  Total excess federal deductions over NYC deductions (see instructions)             ...................... 
3.  Total excess NYC deductions over federal deductions (see instructions)             ........................................................
SCHEDULE C             Computation of adjustments to New York City income
                                                                                         A. Federal                       B. New York City

4.  Enter amount from Schedule A1, line 1a, column F ................ 4.
5.  Enter amount from Schedule A1, line 1a, column I ................. 5.
6a. Enter amount from Schedule A2, line 1b, Column F .............6a. 
6b. Enter amount from Schedule A2, line 1b, Column I ..............6b. 
7a. Enter amount from Schedule B, line 2...................................7a. 
7b. Enter amount from Schedule B, line 3...................................7b. 
8.  Totals: column A, lines 4, 6a and 7b;  column B, lines 5, 6b and 7a.8.
Enter the amount on line 8, column A, as an addition and the amount on line 8, column B, as a deduction on the applicable New York City return.  (See instr.)

                      GENERAL INFORMATION                                              gain or loss included in entire net income or unincorporated 
                                                                                       business entire net income upon the disposition of any property 
                      The New York City Administrative Code, as amended pursuant       for which the federal and New York City depreciation deduc-
                      to the authority granted under Part G of Chapter 93 of the Laws  tions differ. 
                      of 2002, limits the depreciation deduction for "qualified prop-   
                      erty," other than "qualified Resurgence Zone property," to the   NOTE 
                      deduction that would have been allowed for such property         Deductions for "qualified Resurgence Zone property," are not 
                      under IRC §167 had the property been acquired by the tax-        affected by the above decoupling provisions other than for cer-
                      payer on September 10, 2001, and therefore, not been eligible    tain sport utility vehicles.  The additional first-year expense 
                      for the enhanced deductions allowed by the IRC §168(k).          deductions under IRC §179 also are not affected other than for 
                      "Qualified Resurgence Zone property" is "qualified property"     certain sport utility vehicles.  See below. 
                      used substantially in the Resurgence Zone in connection with      
                      the active conduct of a trade or business where the original use NOTE 
                      began with the taxpayer in the Resurgence Zone after Sep-        Any exceptions to the decoupling provisions provided in the 
          *00622291*
                      tember 10, 2001.  The Resurgence Zone (defined in sections       Administrative Code for Qualified New York Liberty Zone 
                      11-507(22), 11-602.8(m) and 11-641(p) of the Administrative      property or Qualified New York Liberty Zone leasehold im-
                      Code) generally encompasses the area in Manhattan between        provements as defined in IRC §1400L have expired. 
                      Canal Street and Houston Street.  The Administrative Code         
                      also requires appropriate adjustments to the amount of any        
00622291

Form NYC-399Z                                                                                                                      Page 3

Economic Stimulus Act of 2008 and                to automobiles acquired on or after September     On the disposition of an SUV subject to this 
Other Federal Legislation Effecting Depre-       28, 2017.  However, if the passenger automo-      limitation, the amount of any gain or loss in-
ciation.                                         biles was acquired before September 28, 2018,     cluded in ENI must be adjusted to reflect the 
Section 102 of the Economic Stimulus Act of      the first year additional depreciation is phased  limited deductions allowed for City purposes 
2008, Pub.L. No. 110-185, 122 Stat. 613 (Feb.    down to $6,400 in the case of an automobile       under this provision. See Finance Memoran-
13, 2008) amended IRC section 168(k). As         placed in service during 2018 and to $4,800 in    dum 22-1, “Application of IRC §280F Limits 
amended, section 168(k)(1)(A) provided a 50-     the case of automobile placed in service during   to Sport Utility Vehicles”. 
percent additional first year depreciation de-   2019.                                              
duction for certain new property acquired by                                                       Coordination of Federal depreciation and 
the taxpayer after December 31, 2007, and be-    However, as discussed above the Administra-       City decoupling provisions with respect to 
fore January 1, 2009 (in the case of certain     tive Code limits the depreciation for “qualified  SUVs 
property, before January 1, 2010), so long as no property” other than “Qualified Resurgence        As discussed above, the Economic Stimulus 
written binding contract for the acquisition of  Zone property” to the deduction that would        Act of 2008 amended IRC section 168(k) to 
the property existed prior to January 1, 2008.   have been allowed for such property had the       provide bonus depreciation for certain property 
Since then, the bonus depreciation provisions    property been acquired by the taxpayer on Sep-    acquired in 2008.  The  Act also amended 
have been extended with certain modifications    tember 10, 2001, and therefore, except for        §168(k)(2)(F)(i) to increase the first year de-
by subsequent federal legislation.               Qualified Resurgence Zone property, as de-        preciation allowed under §280F(a)(1)(A) by 
                                                 fined in the Administrative Code, the City has    $8,000 for passenger automobiles to which the 
In 2015, Section 143 of the Protecting Ameri-    decoupled from the federal bonus depreciation     50-percent additional first year depreciation de-
cans from Tax Hikes Act of 2015, Pub. L. No.     provision. The Administrative Code also re-       duction applies.  Subsequent federal legislation 
114-113, Div Q (December 18, 2015) (“2015        quires appropriate adjustments to the amount      also extended and expanded the first year 
PATH Act”) extended bonus depreciation so        of any gain or loss included in entire net in-    bonus depreciation provisions as described 
that it  was available for property acquired and come or unincorporated business entire net in-    above.  Consequently, the years in which the 
placed in service during 2015-2019; bonus de-    come upon the disposition of any property for     first year depreciation for passenger automo-
preciation was extended through 2020 for cer-    which the federal and New York City depreci-      biles under §280F(a)(1)(A) is increased by 
tain property with a longer production period.   ation deductions differ.                          $8,000 have also been extended. However, the 
Under the 2015 PATH Act, the bonus depreci-                                                        Economic Stimulus Act and the subsequent 
ation is 50% for property placed in service dur- Special Provisions for Certain Sport Utility      federal legislation described above will only af-
ing 2015-2017, 40% for property placed in        Vehicles for Tax Periods Beginning on or          fect the applicable City SUV limits with re-
service during 2018, and 30% for property        After January 1, 2004                             spect to the recovery of costs of Qualified 
placed in service during 2019.                   Under Section 280F of the Internal Revenue        Resurgence Zone property under the Unincor-
                                                 Code, the federal depreciation deduction under    porated Business Tax (UBT) and the Bank Tax. 
Most recently, section 13201(b) of the Tax Cuts  sections 167 and 168 of the Internal Revenue      Pursuant to the generally applicable decoupling 
and Jobs Act of 2017 (“TCJA”) extended the       Code and the expense in lieu of depreciation      provisions discussed on pages 2 and 3 of this 
bonus depreciation deduction to cover property   deduction under section 179 of the Internal       form, bonus depreciation under IRC 168(k) is 
placed in service before January 1, 2027 (except Revenue Code for certain passenger automo-        only available for Qualified Resurgence Zone 
for aircraft and log-production period property  biles are generally limited to the amounts pro-   property. For GCT and the Business Corpora-
had to be placed into service before January 1,  vided in section 280F(a)(1) of the Internal       tion  Tax purposes, SUVs cannot qualify as 
2028.) Pursuant to section 13201(a) of the       Revenue Code. Congress passed legislation         Qualified Resurgence Zone property. See Ad-
TCJA, for property placed in service after Sep-  that limits the amount deductible for certain     ministrative Code §§ 11-602(8)(k), 11-
tember 27, 2017, the bonus depreciation rate     sport utility vehicles. That legislation does not 652(8)(k), 11-602(8)(o) and 11-652(8)(o). 
was raised to 100% with the phase-down to        affect the modifications required for City tax    Therefore, under the GCT and the Business 
begin in 2023.  The taxpayer can elect to apply  purposes described below. For tax years begin-    Corporation Tax no bonus depreciation is per-
a 50% depreciation rate for property placed in   ning on or after January 1, 2004, in determining  mitted for SUVs. For UBT and Bank Tax pur-
service in the taxpayer’s first tax year ending  ENI of taxpayers, other than eligible farmers     poses, with respect to SUV’s placed into 
after September 27, 2017.  The phase-down of     (for purposes of the New York State farmers'      service after December 31, 2007 and before 
the bonus depreciation enacted under the 2015    school tax credit), the amount allowed as a de-   January 1,  2027, bonus depreciation is avail-
PATH is still applicable for property acquired   duction for New York City purposes (for either    able only for SUVs that are “Qualified Resur-
before September 28, 2017.  Thus, for property   depreciation or expense in lieu of depreciation)  gence Zone  property.”      See Finance
acquired before September 28, 2017 and placed    with respect to a sport utility vehicle (SUV)     Memorandum 22-1 for more information. 
in service in service in 2018, the bonus depre-  that is NOT a passenger automobile for pur-        
ciation is 40% and 30% for property placed in    poses of section 280F(d)(5) of the Internal Rev-  WHO MUST USE THIS FORM 
service in 2019 with no bonus depreciation for   enue Code is limited to the amount that would     A corporation or unincorporated business that 
property placed in service after 2019.           be allowed under section 280F(a)(1) of the In-    files or is included in a 
                                                 ternal Revenue Code if the vehicle were a pas-     
Under the TCJA, the first year depreciation      senger automobile as defined in section           l NYC-3A, NYC-3L or NYC-4S General 
limit increase of $8,000 for passenger automo-   280F(d)(5).  For all SUVs subject to these spe-     Business Corporations 
biles under §280(F)(a)(1)(A) is extended to in-  cial provisions, the amount allowed as a de-       
clude automobiles placed in service on or        duction is calculated as of the date the SUV      l NYC-202, NYC-202EIN or NYC-204 Un-
before December 31, 2026.  Prior to that, in     was actually placed in service and not as of        incorporated Businesses 
order to qualify for the $8,000 increase in      September 10, 2001. (The date that is applica-     
bonus depreciation, the passenger automobile     ble to qualified property, other than qualified   l NYC-1 Banking Corporations 
would have had to been placed into service on    Resurgence Zone property and New York Lib-         
or before December 31, 2019.  This extension     erty Zone property, under the general post-       l NYC-2, NYC-2A or NYC-2S Business Cor-
of the placed in service deadline only applies   9/11/01 decoupling provisions).                     porations 

Form NYC-399Z                                                                                                                            Page 4
 must use Form NYC-399Z if:                       Column G                                          total amount that may be deducted for New 
                                                  Indicate the depreciation method selected for     York City purposes in the current tax year for 
 1) it claims for federal purposes a deprecia-    the computation of the New York City allow-       an SUV subject to the special provisions.  See 
  tion deduction for "qualified property"         able depreciation deduction. Any method used      Finance Memorandum 22-1, “Application of 
  pursuant to the Economic Stimulus Act of        to compute depreciation that would have been      IRC §280F Limits to Sport Utility Vehicles”. 
  2008,  or subsequent federal legislation        allowed under IRC §167, had the property been      
  including the 2015 PATH Act  or TCJA            acquired on September 10, 2001, will be ac-       SCHEDULE  B  
  other than “Qualified Resurgence Zone           ceptable.  This includes such methods as           
  property.”                                      straight-line depreciation, declining balance     Column  A 
                                                  depreciation, sum-of-the-years-digits method      Enter each item of property disposed of during 
 2) it is not an eligible farmer (for purposes    or any other consistent method.                   the taxable year separately. Attach a rider if ad-
  of the New York State farmers' school tax                                                         ditional room is needed. 
  credit) and it claims for federal purposes      Column  I                                          
  a depreciation deduction or an expense          Enter depreciation computed by the method in-     Column  D  
  deduction in lieu of depreciation deduc-        dicated in column G computed as IRC §167          Enter for each item of property the total amount 
  tion under section 179 of the Internal          would have applied had the property been ac-      of federal deductions used in the computation 
  Revenue Code for an SUV that is NOT a           quired on September 10, 2001.  Total of this      of prior years’ federal taxable income.  For an 
  passenger automobile for purposes of sec-       column will be the amount allowable as a de-      SUV subject to the special provisions, the 
  tion 280F(d)(5) of the Internal Revenue         duction for New York City.                        amount entered in Column D should include 
  Code (regardless of whether the SUV is                                                            any amount deducted under section 179 of the 
  “qualified property” under IRC §168(k).         LINE 1a                                           Internal Revenue Code. 
                                                  Enter total of columns F and I on lines 4 and 5    
NOTE                                              of Schedule C, as indicated.                      Column  E  
Corporations and unincorporated businesses                                                          Enter for each item of property the total amount 
meeting the criteria set forth in #1 or #2 above  If you have disposed of “qualified property”      of New York City deductions used in the com-
are not permitted to file on Form NYC-4S EZ       other than “qualified Resurgence Zone prop-       putation of prior years’ New York City entire 
(General Corporation Tax) or Form NYC-202S        erty,” in any year after the year of acquisition, net income.  
                                                                                                     
(Unincorporated Business Tax).                    you must complete Schedule B. 
                                                                                                    Column  F
                                                   
SPECIFIC INSTRUCTIONS                             SCHEDULE A2                                       For any item of property, if column D exceeds 
                                                                                                    column E, subtract column E from column D 
                                                                                                    and enter the excess in this column. 
SCHEDULE  A1                                      Column A                                           
                                                  Enter the year, make and model for each SUV.      Column  G  
The purpose of this schedule is to compute the                                                      For any item of property, if column E exceeds 
allowable New York City depreciation deduction.   Column B                                          column D, subtract column D from column E 
This form has been designed to be used with the   Indicate the property class type used or that     and enter the excess in this column. 
federal depreciation schedule, Form 4562 (Rev.    would be used in computing federal deprecia-
March 2002 or later).  A copy of the federal form tion for each SUV.                                LINE 2  
must accompany this Form NYC-399Z.  Tax-                                                            Add the amounts in column F and enter the 
payers with SUVs subject to the special provi-    Column D                                          total on line 2 and on Schedule C, line 7a. 
sions use Schedule A2 and not Schedule A1.  Do    The amount entered in this column must be          
not complete Schedule A1 unless you have prop-    equal to the cost or other basis used for federal LINE 3 
erty other than an SUV subject to the general     purposes prior to any special depreciation al-    Add the amounts in column G and enter the 
post-9/11/01 decoupling provisions.               lowances for qualified property and prior to the  total on line 3 and on Schedule C, line 7b. 
                                                  expense in lieu of depreciation deduction al-      
Column  A                                         lowed under section 179 of the Internal Rev-      SCHEDULE C 
Enter a brief description of each item of “qual-  enue Code.                                         
ified property,” other than “qualified Resur-                                                       LINE 8
gence Zone property,” included in part II or III  Column E                                          Enter the amount on line 8A as an addition on 
of federal Form 4562.                             Enter the total New York City depreciation        the applicable New York City tax return.  Use 
                                                  taken in prior years including, for years prior   the following lines.  Attach an explanation. 
Column  B                                         to 2018, the amount of any deduction taken         
For each item of property listed in column A,     under section 179 of the Internal Revenue         NYC-3A - Schedule B, line 6c* 
indicate the property class type used in com-     Code for New York City purposes.                  NYC-3L  -  Schedule B, line 6c 
puting the federal deduction. Use “UPM” for        
property which is depreciated under the unit of   Column F                                          NYC-4S  -  Schedule B, line 4 
production method provided in IRC §168(f)(1).     For each SUV, enter the sum of the amount of      NYC-202  -  Schedule B, line 10c 
                                                  the federal depreciation deduction taken and 
Column D                                          amount of any federal expense in lieu of de-      NYC-202EIN  -  Schedule B, line 10c 
The cost or other basis entered in this column    preciation deduction taken under section 179      NYC-204  -  Schedule B, line 14c 
must be the same amount used for federal pur-     of the Internal Revenue Code for the current      NYC-1  -  Schedule B, line 8 
poses prior to any reduction for the special de-  tax period.   
preciation allowance for qualified property.                                                        NYC-2  -  Schedule B, line 11 
                                                  Column I                                          NYC-2A  -  Schedule B, Line 11 **
                                                  The amount entered in column I should be the      NYC-2S  -  Schedule B, Line 6 

Form NYC-399Z                                     Page 5
Enter the amount on line 8B as a deduction on 
the applicable New York City tax return.  Use 
the following lines.  Attach an explanation. 
 
NYC-3A  -  Schedule B, line 15* 
NYC-3L  -  Schedule B, line 15 
NYC-4S  -  Schedule B, line 6b 
NYC-202  -  Schedule B, line 15 
NYC-202EIN  -  Schedule B, line 15 
NYC-204  -  Schedule B, line 19 
NYC-1  -  Schedule B, line 15 
NYC-2  -  Schedule B, line 19 
NYC-2A  -  Schedule B, Line 19 **
NYC-2S  -  Schedule B, Line 9 
 
*If this form is for the reporting corporation, 
enter amounts on the appropriate lines in Col-
umn A.  For any other member of the combined 
group, enter amounts on the appropriate lines 
on Form NYC-3A/B in the column for the cor-
poration.  If there is only one member of the 
combined group, enter amounts on the appro-
priate lines on Form NYC-3A, column B. 
 
**If this form is for the designated agent, enter 
amounts in the appropriate column.  For any 
other member of the combined group, enter 
amounts on the appropriate lines on Form 
NYC-2A/BC and include on Form NYC-2A in 
column entitled “Total of All Affiliates”.