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Instructions for Form CR-Q3 New York City Department of Finance Commercial Rent Tax Quarterly Return Applicable for the tax period December 1, 2012 to February 28, 2013, ONLY TM Finance HIGHLIGHTS.

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The CRT is imposed at an effective rate of no more than 3.9% on rent paid by affected tenants. The actual amount of tax may be less than 3.9% of total rent paid if the rent is less than $300,000 or if the tenant's total income is less than $10 Million.

Rental income tax is treated similarly to federal income tax. If you fall within the 22% marginal tax rate, you're responsible for paying all applicable rental income tax.

Non-profit companies and businesses whose annual leases are under $200,000 do not pay Commercial Rent Tax (also known as an "Occupancy Tax") and are not eligible for the CRT Special Reduction.

This tax is charged to tenants who occupy or use a property for commercial activity in Manhattan, south of the center line of 96th Street and pay at least $250,000 each year in rent.

The New York City Commercial Rent Tax is a 6% tax imposed on rent payments by tenants who occupy or use a property for commercial purposes in Manhattan, south of 96th Street.

Every tenant must file an annual return on or before June 20 covering the prior year, from June 1 to May 31, unless both of the following are true: The annual gross rent paid for any taxable premises (before deductions and reductions) is $200,000 or less; and.

You must file for a Commercial Rent Tax refund within 18 months of the due date for filing the return or six months from the time the tax was paid, whichever is later. The Department of Finance doesn't pay interest on Commercial Rent Tax refunds.

The Commercial Rent Tax is charged to tenants who occupy a property for commercial activity in Manhattan below 96th Street (not counting the World Trade Center area) and pay over $250,000 in annual base rent before the 35% rent reduction and other permissible reductions, such as those allowable under the Commercial ...

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232