Instructions for Form CR-A                                                                                nyc.gov/finance 
Commercial Rent Tax Annual Return          Applicable for the tax period June 1, 2022 to May 31, 2023, ONLY

 HIGHLIGHTS OF LEGISLATION AND OTHER DEVELOPMENTS

 ● As of June 1, 2018, a “Small Business tax credit” is available for tenants with “small business tax credit base rents” of less than 
   $500,000, and a phase out applies for rents from $500,000 to $550,000. A total income limitation and phase-out applies from 
   $5,000,000 to $10,000,000. The “small business tax credit base rent” is the base rent before the 35% rent reduction allowed 
   pursuant to Administrative Code Section 11-704(h)(2). See the Small Business Tax Credit Worksheet and Instructions. 
 ● Effective August 30, 2005, the Commercial Rent Tax reduction program is expanded for those taxpayers who are eligible for 
   the Commercial Revitalization Program benefits to include more buildings and to provide a greater base rent reduction as fol-
   lows: 
   a. The law expands the program to include buildings south of Canal Street that received their certificate of occupancy after 
   1975.  
   b. The law provides for a base rent reduction for the first five years of the lease equal to the lesser of the first year’s rent or 
   100% of the rent paid for the period.   
   c. This expansion is available for leases, but not subleases, having a term of at least five years beginning between 7/1/2005 and 
   6/30/2023. 
   d. No base rent reduction is allowed under this program for tax periods beginning after 3/31/2030.   
   e. For purposes of applying such special reduction, the base rent for the base year shall, where necessary to determine the 
   amount of the special reduction allowable with respect to any number of months falling within a tax period, be prorated by 
   dividing the base rent for the base year by twelve and multiplying the result by such number of months. 
   For more information, see New York City Administrative Code section 11-704.i. 
 ● Effective August 30, 2005, tenants located in the “World Trade Center Area”, as defined are exempt from the tax.  (See Page 
   3 - Exemptions: #5)  The World Trade Center is defined as:  the area in the borough of Manhattan bounded by Church Street  
   on the east starting at the intersection of Liberty Street and Church Street; running northerly along the center line of Church 
   Street to the intersection of Church Street and Vesey Street; running westerly along the center line of Vesey Street to the inter-
   section of Vesey Street and West Broadway; running northerly along the center line of West Broadway to the intersection of 
   West Broadway and Barclay Street; running westerly along the center line of Barclay Street to the intersection of Barclay Street 
   and Washington Street; running southerly along the center line of Washington Street to the intersection of Washington Street 
   and Vesey Street; running westerly along the center line of Vesey Street to the intersection of Vesey Street and West Street; run-
   ning southerly along the center line of West Street to the intersection of West Street and Liberty Street; running easterly along 
   the center line of Liberty Street to the intersection of Liberty Street and Washington Street; running southerly along the center 
   line of Washington Street to the intersection of Washington Street and Albany Street; running easterly along the center line of 
   Albany Street to the intersection of Albany Street and Greenwich Street; running northerly along the center line of Greenwich 
   Street to Liberty Street; and running easterly along the center line of Liberty Street to the intersection of Liberty Street and 
   Church Street. 
 ● As of December 1, 2005, the rent paid for  premises used for retail sales purposes is exempt from tax (see Page 3 - Exemptions: 
   #6)  where such premises are located in the Commercial Revitalization Program abatement zone, which is the area in the bor-
   ough of Manhattan bounded by Murray Street on the North starting at the intersection of West Street and Murray Street; run-
   ning easterly along the center line of Murray Street connecting through City Hall Park with the center line of Frankfort Street 
   and running easterly along the center lines of Frankfort and Dover Streets to the intersection of Dover Street and South Street; 
   running southerly along the center line of South Street to Peter Minuit Plaza; connecting through Peter Minuit Plaza to the cen-
   ter line of State Street and running northwesterly along the center line of State Street to the intersection of State Street and Bat-
   tery Place; running westerly along the center line of Battery Place to the intersection of Battery Place and West Street; and 
   running northerly along the center line of West Street to the intersection of West Street and Murray Street.  Any tax lot partly 
   located inside this area is deemed to be entirely located inside the area. 

   IMPORTANT INFORMATION CONCERNING FORM NYC-200V AND PAYMENT OF TAX DUE

Payments may be made on the NYC Department of Finance website at nyc.gov/eservices, or via check or money order. If 
paying with check or money order, do not include these payments with your New York City return. Checks and money orders 
must be accompanied by payment voucher form NYC-200V and sent to the address on the voucher. Form NYC-200V must 
be postmarked by the return due date to avoid late payment penalties and interest. See form NYC-200V for more information.

Instructions for Form CR-A for the Period of June 1, 2022 to May 31, 2023 ONLY                                                  Page 2 

IMPORTANT INFORMATION                          refund claim, no refund of Commercial         considered the date of delivery, provided the 
                                               Rent Tax will be paid unless and until        postmark date falls on or before the due date 
● Taxpayers whose annualized base rent         the property tax refund or credit is re-      including any extension and the return was 
  before the 35% rent reduction and the        ceived from the landlord and the tenant       deposited in the mail, postage prepaid and 
  NYC Commercial Revitalization Pro-           submits, with a copy of this return, suf-     properly addressed.  Non-U.S. Postal Serv-
  gram special reduction is less than          ficient information to establish the          ice postmarks will also be recognized, pro-
  $250,000 are no longer subject to the        amount of any such overpayment.               vided delivery to the Department of Finance 
  Commercial Rent Tax.  However, a tax                                                       occurs within five days of the postmark date.  
  return may be required to be filed.         GENERAL INFORMATION                            If the five-day limit is exceeded, the taxpayer 
                                                                                             must establish: a) the item was actually de-
● A tax credit is allowed for taxpayers       FORMS TO BE USED AND                           posited in the mail by the due date; b) the 
  whose annualized base rent before the       PERIODS  COVERED                               delay in receipt was due to a delay in the 
  35% rent reduction and the NYC Com-         An annual return (CR-A) is required to  be     transmission of the mail; and c) the cause of 
  mercial Revitalization Program special      filed by every tenant, on or before June 20,   the delay. 
  reduction is at least $250,000, but is less covering the preceding year from June 1 to      
  than $300,000.  The tax credit is calcu-    May 31.  Every tenant subject to tax for a pe- If the due date falls on a Saturday, Sunday or 
  lated on page 2, line 16.                   riod must file a quarterly return (Form CR-    legal holiday, the due date is extended to the 
                                              Q).  Quarterly returns are due for the         next succeeding business day. 
● A tax return is no longer required to be    three-month periods ending on the last days     
  filed with respect to any premises if your  of August, November and February of each       For late filings of quarterly returns, interest 
  annualized gross rent paid is $200,000      tax year and must be filed within 20 days  must be paid on the amount of the underpay-
  or less and you do not receive over         after the end of the period they cover.        ment from the due date until the earlier of (1) 
  $200,000 in rent from any subtenant.                                                       20 days after the end of the tax year, or (2) 
                                              Every tenant subject to tax must file an an-   the date as of which the tax paid for the tax 
● A 35% rent reduction is allowed in com-     nual return on Form CR-A. Generally, no re-    year equals 75% of the full tax required to be 
  puting base rent subject to Commercial      turn is required from taxpayers exempt from    paid for the tax year.  The interest must be 
  Rent Tax.                                   tax but taxpayers meeting certain criteria     paid with the annual return.    For calcula-
                                              must still file an annual return even though   tion of interest information, call 311.  Interest 
● The applicable tax rate for each taxable    not subject to tax. An annual return   re-is   amounting to less than $1 need not be paid. 
  premises is based on the Base Rent Be-      quired even though the tenant is exempt from    
  fore Rent Reduction and the NYC Com-        tax because its annualized base rent before    WHO IS A TENANT 
  mercial Revitalization Program special      the 35% rent reduction and the NYC Com-        A tenant is a person who pays or is re-
  reduction (lines 7 and 5b, or line 12, if   mercial Revitalization program special re-     quired to pay rent for premises as a lessee, 
  applicable).  However, that tax rate is     duction is less than $250,000 (Refer to        sublessee, licensee or concessionaire.  No 
  applied to the Base Rent Subject to Tax     Exemptions, below) if, with respect to any     tax return need be filed if the individual or 
  (line 9) in determining your tax for each   premises: (i) its annual or annualized gross   the business entity is the same individual 
  taxable premises.  If that amount is less   rent is more than $200,000 or (ii) it receives or entity owning the premises.  For these 
  than $250,000, no tax is due.  If that      over $200,000 in rent from any subtenant.   purposes, shareholders in cooperative cor-
  amount is at least $250,000 but less than   However, an annual return is not required if   porations are not considered owners of the 
  $300,000, a tax credit is allowed.          the tenant is exempt from tax because its an-  premises.  The tax form should be returned 
                                              nualized base rent before the 35% rent re-     to the Department of Finance stating the 
● In computing base rent, rent received       duction and the NYC Commercial  owner’s name and address, Employer Iden-
  from subtenants may be deducted by a        Revitalization special reduction is less than  tification Number or Social Security Num-
  prime tenant, regardless of the amount.     $250,000 if, with respect to any premises: (i) ber, the address of the property and the 
                                              its annual or annualized gross rent is $200,00 block and lot number as shown on the real 
● The Commercial Rent Tax has been re-        or less, and (ii) it does not receive over     estate tax bill.    
  pealed with respect to rent paid for all    $200,000 in rent from any subtenant.            
  premises located north of the center line                                                  The following situations do not exempt the 
  of 96th Street in Manhattan and the         If a tenant ceases to do business, the tax is  tenant from tax: 
  boroughs of the Bronx, Brooklyn,            due immediately, and the tenant must file a     
  Queens and Staten Island.                   final return for the entire year (Form CR-A)   a) where a building is owned, not by a tenant 
                                              within 20 days from the date the tenant         but by a spouse or parent of the tenant; 
● The submission of this return represents    ceases to do business.  If the tenant never-    
  an automatic protective refund claim        theless continues to pay rent for the taxable  b) where a building is owned by the tenant 
  for any overpayment of the tax reported     premises, in which case the tenant must con-    jointly or in common with another person, 
  on this return that results from the in-    tinue to file returns and pay the tax.          other than a spouse; 
  clusion in base rent of NYC Real Prop-                                                      
  erty Tax escalation payments for which      If a tax return or payment is delivered to the c) where a building is owned by a corpora-
  the tenant/taxpayer subsequently re-        Department of Finance by U.S. mail after the    tion of which the tenant is an officer or 
  ceives a refund or credit from the land-    due date, the date of the U.S. Postal Service   holder of all or part of the corporate stock; 
  lord.  Notwithstanding the protective       postmark stamped on the envelope will be        

Instructions for Form CR-A for the Period of June 1, 2022 to May 31, 2023 ONLY                                                    Page 3 

d) where the tenant is a corporation and the      subtenant of any part of the premises.  (See in- EXEMPTIONS 
 building is owned by a subsidiary corpo-         structions to line 4, Rent from Subtenant(s))    The following are exempt from payment of 
 ration or by a parent corporation;               Where the base rent is for a period of less  the Commercial Rent Tax: 
e) where the tenant is a corporation and the      than one year, it must be annualized.  Base       
 building is owned by an officer or stock-        rent is annualized by assuming it was paid on    1.  a tenant whose annualized base rent be-
 holder of the corporation.                       an equivalent basis for the entire year.          fore the 35% rent reduction and the NYC 
                                                                                                    Commercial Revitalization Program spe-
WHAT CONSTITUTES                                  In computing base rent, rent received from a      cial reduction (line 5b) is less than 
TAXABLE PREMISES                                  subtenant subject to the tax or exempt from       $250,000 for period beginning on or after 
Taxable premises are premises used or in-         the tax for the tax year because the sub-         June 1, 2001.  The annualized base rent 
tended to be used to carry on any trade, busi-    tenant's annualized base rent before the 35%      for a period of less than one year is deter-
ness, professional, vocational or commercial      rent reduction and the NYC Commercial Re-         mined as if the rent had been paid on an 
activity, including premises used solely for      vitalization Program special reduction is less    equivalent basis for an entire year; 
the purpose of renting the same in whole or in    than $250,000 for period beginning on or          
part to subtenants.  Taxable premises include     after June 1, 2001, and rent received from a     2. a tenant who uses premises for 14 days or 
a specific part of particular space in a ware-    subtenant that is a governmental entity, the      less (whether or not consecutive) in a tax 
house rented for the storage of goods, or in a    United Nations, or a nonprofit religious,         year, and is not required to pay rent for a 
garage, parking lot or parking area rented for    charitable or educational entity exempt from      longer period; 
the parking of motor vehicles, in connection      the tax may be deducted by a prime tenant.        
with the tenant’s conduct of business or pro-                                                      3. a tenant (other than the operator of a 
fessional activity; also included is a safe de-   NOTE:   Base rent paid by a tenant for one        hotel, apartment hotel or lodging house) 
posit box or locker or beach cabana if used       taxable premise cannot be reduced by de-          who uses premises for residential renting 
for business purposes.                            ducting rents received by that tenant for an-     to others to the extent of 75% or more of 
                                                  other taxable premise of which he is also a       the rentable floor space; 
WHAT CONSTITUTES RENT                             tenant.                                           
Rent is the consideration paid or required to be                                                   4. a tenant who uses premises for certain dra-
paid by a tenant for the use or occupancy of      A tenant is also entitled to deduct from the      matic or musical arts performances for less 
premises, valued in money, whether received       base rent amounts paid by the tenant for the      than 4 weeks where the performances are 
in money or otherwise, including all credits,     tenant’s own use of the premises:                 not intended to continue for less than 4 
property, or services of any kind, as well as any                                                   weeks.  A tenant who uses taxable prem-
payment required to be made by a tenant on        a) for railroad, air, or omnibus transportation   ises for the production and performance of 
behalf of the landlord for real estate taxes,      purposes;                                        a theatrical work is exempt from the tax 
water and sewer charges, or any other ex-                                                           with respect to the rent paid for the taxable 
penses (including insurance) normally payable     b) for piers, insofar as they are used in inter-  premises for a period not exceeding 52 
by a landlord who owns the realty, other than      state or foreign commerce;                       weeks from the date production com-
expenses for the improvement, repair or main-                                                       menced.  For purposes of this exemption, 
tenance of the tenant’s premises.                 c) which are located in, on, above, or under      production will be considered to com-
                                                   a public place and are defined by law as         mence on the date public performances 
Where the rent paid by a tenant for the occu-      special franchise property;                      begin;   
pancy of taxable premises is measured in whole                                                      
or in part by the gross receipts from the sales   d) which are advertising space or signs,         5. beginning August 30, 2005, tenants in the 
within the premises, the rent, for purposes of     vending machines, or newsstands in sub-          World Trade Center Area, as defined in 
computing the Commercial Rent Tax is the ac-       way or elevated railroad premises oper-          §11-704(a)(6) of the NYC Ad. Code.  See 
tual percentage of gross receipts due the land-    ated by the New  York City  Transit              “Highlights of Legislation”;  
lord, but not in excess of 15% of gross receipts.  Authority when the rent is payable to the        
                                                   Transit Authority; or                           6. beginning December 1, 2005, for retail 
Tenant shareholders in cooperative buildings                                                        sales purposes in the Commercial Revital-
should calculate the amount of rent subject       e) which is parking space subject to the ad-      ization Program abatement zone.  See 
to tax as provided in Section 7-01 “Rent” of       ditional 8% parking tax imposed under            “Highlights of Legislation” and Adminis-
the Commercial Rent Tax Rules. (Title 19,          Administrative Code Section 11-2049.             trative Code §11-704(c)(9).  Premises used 
Rules of the City of New York, Chapter 7)  If                                                       for retail purposes are premises used for 
a tenant uses two or more taxable locations in    NOTE:  Report these deductions on line 5a         the selling of tangible goods directly to the 
the same building at the same time, the total     - Other Deductions and attach a schedule.         ultimate consumer.  Administrative Code 
rent paid for all such locations constitutes                                                        §11-701(c)(20).  In general, restaurants 
rent paid for one taxable premises.               For a more detailed discussion of deductions      and bars do not qualify for this exemption; 
                                                  in calculating base rent refer to Section 11-     and 
WHAT CONSTITUTES BASE RENT                        704 of the NYC Administrative Code and            
Base rent is generally the rent paid for each     Section 7-01 “Base Rent” of the Commercial       7. various governmental bodies, the U.N., 
taxable premises by a tenant to the landlord      Rent Tax Rules.  (Title 19, Rules of the City     and nonprofit religious, charitable and ed-
for a period, less the amounts received by or     of New York, Chapter 7)                           ucational organizations.   Other nonprofit 
due such tenant for the same period from any                                                        organizations may be exempt from the 

Instructions for Form CR-A for the Period of June 1, 2022 to May 31, 2023 ONLY                                                      Page 4 

  tax.  For more information, see Sections         Preparer Authorization:  If you want to         clearly.  Make sure the copies or the schedule 
  7-04 through 7-06 of the Commercial              allow the Department of Finance to discuss      bear the taxpayer’s name, address, period cov-
  Rent Tax Rules. (Title 19, Rules of the          your return with the paid preparer who signed   ered by the return, Account ID Number, and 
  City of New York, Chapter 7)                     it, you must check the "yes" box in the signa-  Employer Identification Number or Social Se-
                                                   ture area of the return. This authorization ap- curity Number. 
COMBINED BUSINESS/                                 plies only to the individual whose signature     
RESIDENTIAL USE                                    appears in the "Preparer's Use Only" section    LINE 2 - GROSS RENT PAID     
Where a tenant pays an undivided rent for a        of your return.  It does not apply to the firm, Determine amount of gross rent paid for each 
premises used both for residential and business    if any, shown in that section.  By checking the premises and enter on this line (Refer to 
purposes, the tax applies to that part of the rent "Yes" box, you are authorizing the Depart-      “What Constitutes Rent”, page 2.) If your 
that is attributable to the part of the premises   ment of Finance to call the preparer to answer  gross rent is based on a percentage of sales 
used for business purposes. In such a case, the    any questions that may arise during the pro-    receipts, exclude the excess of 15% of those 
rent attributable to business use is the amount    cessing of your return.  Also, you are author-  receipts.  If you rent an entire apartment, 
which the tenant deducts as rent for the prem-     izing the preparer to:                          hotel suite, or other accommodation that you 
ises for federal income tax purposes.                                                              use or occupy for commercial activities and 
                                                   ● Give the Department any information  claim as a business deduction, the full 
WHEN AND WHERE TO FILE                               missing from your return,                     amount of the rent must be entered.  If you 
File your return within 20 days after the end                                                      pay a single rent to one lessor for two or 
of the period covered by this return.  Penalty     ● Call the Department for information about     more taxable premises, see section 7-01 “Al-
and interest will be assessed for returns filed      the processing of your return or the status   location of single rent for two or more tax-
late.  The return must be mailed to the appro-       of your refund or payment(s), and             able premises” of the Commercial Rent Tax 
priate address, as follows:                                                                        Rules (Title 19, Rules of the City of New 
                                                   ● Respond to certain notices that you have      York, Chapter 7) for the method to be used 
All returns, except refund returns:                  shared with the preparer about math er-       to allocate rent among the taxable premises. 
 
                                                     rors, offsets, and return preparation.  The    
NYC DEPARTMENT OF FINANCE  
                                                     notices will not be sent to the preparer.     LINE 3 - RESIDENTIAL RENT         
P.O. BOX 5564 
                                                                                                   If you use your home for business and resi-
BINGHAMTON, NY 13902-5564 
                                                   You are not authorizing the preparer to re-     dential purposes, enter here the amount of 
Remittances - Pay online with Form NYC-            ceive any refund check, bind you to anything    the rent attributable to residential use only.  
200V at nyc.gov/finance, or Mail payment           (including any additional tax liability), or  It is presumed that the amount you claimed 
and Form NYC-200V only to:                         otherwise represent you before the Depart-      as a business deduction for rent on your fed-
                                                   ment.  The authorization cannot be revoked,     eral income tax return is the amount of rent 
NYC Department of Finance                          however, the authorization will automatically   attributable to business use of the premises. 
P.O. Box 3933                                      expire no later than the due date (without re-   
New York, NY  10008-3933                           gard to any extensions) for filing next year's  LINE 4a1 through 4d2 - RENT FROM 
                                                   return.  Failure to check the box will be       SUBTENANT(S) 
Returns claiming refunds:                          deemed a denial of authority  .                 Enter here amounts paid or due to you as rent 
 
NYC DEPARTMENT OF FINANCE                                                                          from any subtenant. In computing base rent, 
P.O. BOX 5563                                      SPECIFIC INSTRUCTIONS                           rent received from a subtenant subject to the 
BINGHAMTON, NY 13902-5563                                                                          tax or not subject to tax for the tax year be-
                                                   PAGE 2 - Computation of Base Rent               cause its annualized base rent is less than 
HOW TO COMPLETE ANNUAL                                                                             $250,000 for period beginning on or after 
TAX FORM CR-A                                      For purposes of completing this form            June 1, 2001, and rent received from a sub-
● Complete this return by beginning on             round off cents to the nearest whole dollar.    tenant that is a governmental entity, the UN, 
  page 2. Use worksheets on page 3, as ap-                                                         or a nonprofit religious, charitable or educa-
  plicable.                                        LINE 1 - TAXABLE PREMISES                       tional entity exempt from the tax, may be de-
                                                   Enter address, zip code and block and lot       ducted by a prime tenant.   
● Complete the entire schedule for each            number of each taxable premises where the        
  premises.  After completing page 2 and all       annualized gross rent exceeds $200,000.  To     Also enter the subtenant’s name, Employer 
  applicable worksheets on page 3, complete        find the block and lot number corresponding     Identification Number (for corporations or 
  page 1.                                          to the taxable premises, log on to the Depart-  partnerships) or Social Security Number (if a 
                                                   ment of Finance website at nyc.gov/finance      sole proprietorship).  Note that such rents 
 USE THIS PAGE IF YOU HAVE THREE OR FEWER          and mouse over the Real Estate Tax (blue bar)   may be deducted only from the gross rent of 
 PREMISES WITH NO MORE THAN ONE SUB-               drop down menu, click on “Assessment Roll”      the premises which the subtenant occupies 
 TENANT IN EACH OR, MAKE COPIES OF THIS            and click on “Search by Address”.  Alterna-     and may not be applied against any other 
 PAGE TO REPORT ADDITIONAL PREMISES/SUB-           tively, the block and lot number can be ob-     premises rented by the taxpayer. 
 TENANTS. IF YOU  WISH TO REPORT MORE              tained from your landlord or managing agent.     
 THAN THREE PREMISES OR MORE THAN ONE 
 SUBTENANT  IN ANY          PREMISES, AND          If you have more than three such premises,      If you have more than one subtenant in any 
 CHOOSE TO USE A SPREADSHEET, YOU MUST             make copies of page 2 or attach a schedule      premises, make copies of page 2 or attach a 
 USE THE FINANCE SUPPLEMENTAL SPREAD-              giving the same information required by the     schedule giving the same details as required 
 SHEET, WHICH YOU CAN DOWNLOAD FROM OUR            form showing figures and computations           on page 2. 
 WEBSITE AT WWW.NYC.GOV/CRTINFO.

Instructions for Form CR-A for the Period of June 1, 2022 to May 31, 2023 ONLY                                                           Page 5 

In entering amounts paid by subtenants  long, the special reduction is available for up               LINE 8 - 35% RENT REDUCTION 
whose rent is based on a percentage of sales        to sixty months with a similar decrease for the   Multiply line 7 by 35% and enter here. 
receipts, exclude the amount in excess of  last two twelve month periods of that period.               
15% of those receipts.                              See Administrative Code §11-704.i.2.(b) and       LINE 9 - BASE RENT SUBJECT 
                                                    (b-1).  Effective August 30, 2005, for qualify-   TO TAX 
Amounts received by a garage or parking lot op-     ing leases (which do not include subleases)       Subtract line 8 from line 7 to obtain the 
erator for allowing the parking of a vehicle any-   with an initial or renewal lease term of at least amount of your base rent subject to tax. 
where on his premises is not deductible unless:     five years, signed between July 1, 2005 and        
                                                    June 30, 2023, the special reduction for the      ANNUALIZATION OF BASE RENT  
a) a particular space has been permanently          base year is equal to the base rent and for all   Complete lines 10 through 12 only if the 
   assigned for the exclusive use of the ten-       other 12 month periods is equal to the lesser of  amount shown on line 7 does not represent 
   ant; and                                         the base rent for such twelve-month period or     rent paid for a full twelve-month period. 
                                                    the base rent for the base year.  See Adminis-     
b) the vehicle is used for commercial pur-          trative Code §11-704.i.2.(b-2), as amended.       SPECIAL INSTRUCTIONS FOR 
   poses by the tenant; and                         The application for the special reduction         TENANTS WHO PAY RENT FOR A 
                                                    under Ad. Code §11-704.i.2.(b-2) must be          PERIOD OTHER THAN ONE MONTH.                 
c) a completed Certificate of Assigned Space        filed with the Department of Finance within       If you do not pay rent on a monthly basis, 
   Use has been taken from the tenant.              180 days from the rent commencement date.         check the box on line 10 on page 2. If filing 
                                                    Administrative Code §11-704.i.5.(a)(iii).         using the finance supplemental  spreadsheet 
LINE 5a - OTHER DEDUCTIONS                                                                            select “yes ” from the drop down box on line 
Enter here any amounts included in gross            For more information concerning eligibility       10 if your rent is not paid on a monthly basis. 
rent allowable as deductions for eligible tax-      requirements under the NYC Commercial  Do not complete lines 10a and 11 on page 2. 
payers and detail such deductions on an at-         Revitalization Program, please e-mail:            To determine the Annualized Base Rent be-
tached schedule.                                                                                      fore rent reduction, use the worksheet on the 
                                                       nyc.gov/contactfinance 
                                                                                                      bottom of Page 3. Enter the Premises Num-
LINE 5b - COMMERCIAL REVITAL-                                                                         ber from Page 2 for which rent is not paid on 
IZATION PROGRAM SPECIAL RE-                                    SPECIAL NOTE FOR                       a monthly basis at the top of the column. 
DUCTION. (SEE HIGHLIGHTS OF                            ELIGIBLE TAXPAYERS                             Complete the worksheet and enter the result 
LEGISLATION)                                                                                          from line 4 of this worksheet on line 12 of 
The NYC Commercial Revitalization Pro-               The amount of the special reduction available    Page 2 in the appropriate column. If the 
gram provides both Real Estate  Tax and              to eligible taxpayers under the NYC Com-         amount on line 12 is $249,999 or less trans-
Commercial Rent Tax benefits with respect            mercial Revitalization Program (line 5b) IS      fer the amount on line 9 to line 13. If the 
to qualifying leases of premises in the Title 4      NOT taken into account and must be added to      amount on line 12 is $250,000 or more, 
abatement zone, defined generally as the area        the line 7 amount for the following purposes:    transfer the amount on line 9 to line 14. In-
                                                      
in Manhattan bounded by Murray Street and            ● annualizing the base rent (lines 10a-12),      clude these amounts in the totals on page 1, 
Frankfort Street on the north, and South                                                              lines 1 and 2, respectively.  Skip to the in-
Street, Battery Place and West Street on the         ● determining whether the taxpayer is ex-        structions for line 15. For those premises for 
east, south and west, respectively.  Effective         empt because its base rent is below            which you pay rent on a monthly basis, con-
for qualifying leases signed between July 1,           $250,000 for periods beginning on or           tinue with the instructions below. 
2005 and June 30, 2023, the premises can be            after June 1, 2001 (see "EXEMPTIONS"            
in eligible buildings located south of Canal           on page 2 of these instructions),              LINE 10a - MONTHS AT PREMISES 
                                                      
Street.  Leases must be new, renewal or ex-                                                           Enter the dates (month and year) that occu-
pansion leases with lease commencement               ● determining the amount of credit avail-        pancy or use of such premises began and 
dates beginning on or after April 1, 1997 and          able (line 16), and                            ended.  Compute the number of months occu-
                                                      
must meet minimum lease term and expen-              ● determining the applicable tax rate.           pied or used to the nearest full month and enter. 
diture requirements.  Expanded benefits are                                                            
                                                       However, once the applicable rate is de-
available for qualifying leases signed be-                                                            LINE 11 - MONTHLY BASE RENT 
                                                       termined, enter the amount on line 9 
tween July 1, 2005 and June 30, 2023.                  (after the special reduction) on line 13 or    BEFORE RENT REDUCTION 
                                                       14, whichever is applicable.                   Divide the sum of lines 7 and 5b by line 10a 
Under the original program, for leases with an                                                        to arrive at the average monthly base rent be-
initial lease term of at least three years but less                                                   fore rent reduction. 
than five years, the special reduction is avail-                           
able for up to 36 months.  The reduction for        LINE 6 - TOTAL DEDUCTIONS                          
the base year, i.e., the twelve month period        Add lines 3, 4c, 5a and 5b and enter the total    LINE 12 - ANNUALIZED BASE RENT 
commencing on the rent commencement date,           deductions on line 6.                             BEFORE RENT REDUCTION 
is equal to the base rent.  The special reduction                                                     Multiply line 11 by 12 (months).  This is your 
for the two twelve month periods following          LINE 7 - BASE RENT BEFORE                         annualized base rent before rent reduction. 
the base year is equal to 2/3 and 1/3, respec-      THE 35% RENT REDUCTION                             
tively, of the lesser of the base rent for that 12  Subtract line 6 from line 2 to obtain the         LINES 13 AND 14 - RATE CLASS 
month period or the base rent for the base          amount of your base rent before the 35% rent      ● If lines 10a through 12 are not applicable, 
year.  Where the lease is at least five years       reduction.                                          and if the sum of lines 7 and 5b is $249,999 
                                                                                                        or less, transfer the amount on line 9 (not 

Instructions for Form CR-A for the Period of June 1, 2022 to May 31, 2023 ONLY                                                       Page 6 
   the amount on line 7) to line 13.  If the      “Base Rent Before Rent Reduction” means            subtracting the amount you have entered 
   sum of lines 7 and 5b is $250,000 or more,     the base rent before the 35% rent reduction        on line 2a from $10,000,000 and dividing 
   transfer the amount on line 9   (not the       on Page 2, line 7.                                 the difference by 5,000,000. Your Income 
   amount on line 7) to line 14.                                                                     Factor will be a decimal value greater 
                                                  LINE INSTRUCTIONS                                  than zero and less than one. Calculate the 
●  If lines 10a through 12 are applicable, and                                                       Income Factor to two decimal places. 
   if the line 12 amount is $249,999 or less,     Line A.                                           
   transfer the amount on line 9   (not the       To qualify for the credit, you must check        Example: 
   amount on line 12) to line 13.  If the line    “Yes” to both questions A and B on the Small     Total income = $8,000,000 
   12 amount is $250,000 or more, transfer        Business Tax Credit worksheet.                   (10,000,000 – 8,000,000) = 2,000,000 
   the amount on line 9 (not the amount on                                                         2,000,000 / 5,000,000 
   line 12) to line 14.                           “Total income” is defined by section 11-704.4    Income Factor = 0.40 
                                                  of the  Administrative Code to mean the           
●  Transfer the totals of lines 13 and 14 to  amount reported to the Internal Revenue              ● Enter your Income Factor on line 2b Rent 
   lines 1 and 2 respectively, page 1 of the  Service for federal income tax purposes in the         Factor Calculations 
   form.                                          tax year immediately preceding the period for     
                                                  which the tenant is applying for this credit     ● Enter the Premises Number from Page 2 
LINE 15 - TAX DUE BEFORE CREDIT                   that is equal to the gross receipts or sales of    at the top of the column for Premises for 
Multiply line 14 amounts by 6% and enter  the individual, trust, estate, partnership, asso-          which you are claiming the credit. 
the result on line 15.  This is your tax due be-  ciation, company or corporation minus re-         
                                                                                                   ●
fore the tax credit.   The total of line 15  turns and allowances, minus the cost of goods           Complete either lines 3a and 3b OR 4a 
should equal the amount calculated as tax  plus the amount of any dividends, interest,               and 4b. 
                                                                                                    
due on line 2, page 1 of the form.                gross rents , gross royalties, capital gain net 
                                                                                                   ●
                                                  income, net gain or loss from the sale of busi-    Line 3a: If your “Base Rent Before Rent 
LINE 16 - TAX CREDIT                              ness property, net farm profit or loss, ordinary   Reduction” is less than $500,000, enter 
Compute your tax credit using the Tax Credit      income or loss from other partnerships, es-        the amount here. 
                                                                                                    
Computation Worksheet provided at the bot-        tates or trusts or other income or loss.         ● Line 3b: Your Rent Factor is 1. 
tom of page 2 of the form and enter the re-                                                         
sult on line 16. Transfer the total of line 16 to When calculating “Total income” refer to the     ● Line 4a: If your “Base Rent Before Rent 
line 3, page 1 of the form.                       latest federal tax year that ends before June      Reduction” is at least $500,000 but less 
                                                  1, 2022.  This will be either the 2021 or 2020     than $550,000 enter the amount here. 
LINE 17 - SMALL BUSINESS TAX                      return depending on the end of the fiscal or      
CREDIT                                            calendar year.                                   ● Line 4b: Calculate your rent factor by 
Use the worksheet on page 3 of the form to                                                           subtracting the amount you have entered 
calculate the Small Business  Tax Credit.         Example: Corporation A which is engaged            on line 4a from $550,000 and dividing the 
Transfer the total of line 17 to page 1, line 4   in running a hardware store rents premises         difference by 50,000. Your Rent Factor 
of the form.                                      for which it would like to claim a small           will be a decimal value greater than zero 
                                                  business tax credit for the tax period begin-      and less than one. Calculate your Rent 
SMALL BUSINESS TAX CREDIT                         ning June 1, 2022 and ending May 31, 2023.         Factor to two decimal places. 
WORKSHEET INSTRUCTIONS                            It files its federal tax return on Form 1120      
Beginning on June 1, 2018, taxpayers may          on a fiscal year basis ending on June 30th.      Example: 
claim the Small Business Tax Credit. The  In order to be eligible for the small business           Base Rent = $537,500 
credit effectively exempts tenants with  tax credit, the amount of its total income on  ($550,000 – 537,500) = $12,500 
“Total Income” as defined below of  line 11 of its Federal Tax return filed on  12,500/50,000 
$5,000,000 or less AND annual “Base Rent          Form 1120 for 2020 must be less than $10         Rent Factor = 0.25 
Before Rent Reduction” of less than               million.                                          
$500,000 from the Commercial Rent Tax.                                                             ● Enter your Rent Factor on line 4b Small 
Other taxpayers with “Total Income” of more       Income Factor Calculations                         Business Tax Credit Calculation 
than $5,000,000 but less than $10,000,000         Complete either lines 1a and 1b OR lines 2a       
and annual “Base Rent Before Rent Reduc-          and 2b.                                          ● Line 5a: Enter the tax due from page 2, 
tion” of less than $550,000 receive a sliding                                                        line 15. 
scale credit against the tax. Taxpayers with      ● Line 1a: If your total income is                
“Total Income” equal to or more than                $5,000,000 or less, enter the amount here.     ● Line 5b: Enter your Tax Credit from the 
$10,000,000 OR annual “Base Rent Before                                                              Tax Credit Computation  Worksheet on 
Rent Reduction” equal to or more than             ● Line 1b: Your Income Factor is 1.                page 2. 
$550,000 are not eligible for this credit. Tax-                                                     
                                                                                                   ●
payers with multiple premises and “Total In-      ● Line 2a: If your total income is more than       Line 5c: Subtract line 5b from line 5a and 
come” of less than $10,000,000 may be               $5,000,000 but less than $10,000,000,            multiply the difference by your Income 
eligible for this credit with respect to some       enter the amount here.                           Factor from line 1b or 2b and by your 
of their premises while ineligible with re-                                                          Rent Factor from line 3b or 4b. Enter the 
spect to others.                                  ● Line 2b: Calculate your Income Factor by         value here, on page 2, line 17 and include 
                                                                                                     on page 1, line 4. 

Instructions for Form CR-A for the Period of June 1, 2022 to May 31, 2023 ONLY                                                        Page 7 
Note:   If you are using the  WEB-based           for the year equals 75% of the full tax re-       LINE 11 - TOTAL REMITTANCE DUE 
spreadsheet, all calculated fields are auto-      quired to be paid for the tax year.  The in-      1. To obtain the total amount due (line 11), 
matically completed.                              terest must be paid with the annual return.          add line 8 and line 9.  However, if line 7 
                                                  If the tax payable with the annual return is         does not exceed the sum of lines 6 and 9, 
PAGE 1                                            not paid by the due date, interest on the            to obtain the total amount due, add lines 6 
Computation of Tax                                amount of the underpayment must be paid              and 9 and subtract line 7. 
                                                  from the due date of the annual return to the      
LINE A - PAYMENT                                  date paid. For calculation of interest, call the  2. Make your check payable to the order of:  
Enter the amount of payment remitted with         Customer Assistance number given under                   NYC Department of Finance 
this return in the space provided.                that heading.  Interest amounting to less          
                                                  than $1 need not be paid.                         Enter the amount of payment remitted with 
LINES 1 AND 2  -                                                                                    this return on line A in the space provided. 
COMPUTATION OF TAX DUE                            Additional Charges                                 
Enter the number of taxable premises you  a)           A late filing penalty is assessed if you     CUSTOMER ASSISTANCE 
have occupied or used during the tax period            fail to file an annual return when due,      If you have a Commercial Rent Tax-related 
in the appropriate columns on lines 1 and 2.           unless the failure is due to reasonable      question or concern, please call 311.     
                                                       cause.  For every month or partial month      
Enter on lines 1 and 2, whichever applies,             that this form is late, add to the tax (less You can receive information or contact us by 
your base rent totals for all premises in each         any payments made on or before the due       visiting the Department of Finance’s Internet 
class calculated on lines 13 and 14 from               date) 5%, up to a total of 25%.              web site at nyc.gov/finance.   
page 2.  Multiply “total base rent”  on line 2     
                                                                                                     
by the tax rate of 6% and enter the result in     b)   If the annual return is filed more than      DID YOUR MAILING ADDRESS CHANGE?                   
the column under “tax due.”  This amount               60 days late, the penalty imposed under      If so, please visit us at nyc.gov/finance and 
should equal the total tax due before credit           a will not be less than the lesser of (1)    click “Update/Change Business Name or 
of all the premises on line 15 from page 2.            $100 or (2) 100% of the amount re-           Address” in the blue “BUSINESS IN-
                                                       quired to be shown on the form (less         COME & EXCISE TAXES” box.  This will 
LINE 3 -  TAX CREDIT                                   any payments made by the due date or         bring you to the “Business Name / Address 
Enter the total amount of tax credits of all           credits claimed on the return).              Update ” page. 
the premises from page 2, line 16.                 
                                                                                                     
                                                  c)   A late payment penalty      is assessed if   PRIVACY ACT NOTIFICATION 
LINE 4 - SMALL BUSINESS TAX                            you fail to pay the tax shown on this        The Federal Privacy  Act of 1974, as 
CREDIT                                                 form by the prescribed filing date, un-      amended, requires agencies requesting So-
Enter the total amount of tax credit of all            less the failure is due to reasonable        cial Security Numbers to inform individuals 
premises from page 2, line 17.                         cause.  For every month or partial           from whom they seek this information as to 
                                                       month that your payment is late, add to      whether compliance with the request is vol-
LINE 5 - PAYMENTS                                      the tax (less any payments made) 1/2%,       untary or mandatory, why the request is 
Enter on line 7 the payments you have pre-             up to a total of 25%.                        being made and how the information will be 
viously made with your quarterly returns           
                                                                                                    used.  The disclosure of Social Security 
(Forms CR-Q).                                     d)   The total of the additional charges in a 
                                                                                                    Numbers by taxpayers is mandatory and is 
                                                       and  cmay not exceed 5% for any one 
                                                                                                    required by section 11-102.1 of the Admin-
LINE 8 - BALANCE DUE                                   month except as provided for in b. 
                                                                                                    istrative Code of the City of New York. Dis-
If line 7 is less than line 6, deduct line 7 from  
                                                                                                    closure by subtenants is voluntary. Such 
line 6.  The result will be your balance of tax    e) If a tenant, exempt from tax because 
                                                                                                    numbers disclosed on any report or return 
due for the tax year, which you will enter on          the rent for the entire year is less than 
                                                                                                    are requested for tax administration purposes 
line 8.                                                the applicable threshold amounts, fails 
                                                                                                    and will be used to facilitate the processing 
                                                       to file an annual return if required, a 
                                                                                                    of tax returns and to establish and maintain a 
If line 7 is greater than the sum of lines 6           penalty of $100 may be imposed.  
                                                                                                    uniform system for identifying taxpayers 
and 9, skip this line.  See line 10 instruc-       
                                                                                                    who are or may be subject to taxes adminis-
tions.                                            LINE 10 - OVERPAYMENT/REFUND 
                                                                                                    tered and collected by the Department of Fi-
                                                  Complete this line if line 7 is greater than 
                                                                                                    nance. Such numbers may also be disclosed 
LINE 9 - INTEREST/ADDITIONAL                      the sum of lines 6 and 9. If line 7 is greater 
                                                                                                    as part of information contained in the tax-
CHARGES                                           than the sum of lines 6 and 9, deduct the 
                                                                                                    payer’s return to another department, person, 
Enter any interest and/or penalty on line 7.      sum from line 7 and enter the result on line 
                                                                                                    agency or entity as may be required by law, 
                                                  10. 
                                                                                                    or if the taxpayer gives written authorization 
Interest                                           
                                                                                                    to the Department of Finance.
If the tax due with a quarterly return is not     Note: If you wish to claim a refund for a 
filed with the Department of Finance on or        prior tax period   , file an amended return 
before the due date of the quarterly return,      using the appropriate form for that period 
interest must be paid on the amount of the        showing the adjusted information.  Mail the 
underpayment from the due date until the          amended return to the address indicated in 
earlier of (1) 20 days after the end of the tax   “When and Where to File” on page 4. 
year, or (2) the date as of which the tax paid                                                                                CRA Instructions 2022/23