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CR-A *20011591* TM Finance A N N U A L 2014/15 nyc.gov/finance NEW YORK CITY DEPARTMENT OF FINANCE COMMERCIAL RENT TAX RETURN Applicable for the tax period June 1, 2014 to May 31, 2015 ONLY PLEASE.

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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.

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.

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.

New York Renter Credits New York renters whose gross income is under $18,000 can get a $75 credit if their rent is $450 or less, and those over 65 can receive up to a $375 credit.

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 are supposed to include the rent you receive from a tenant in your gross income. Additionally, you may deduct the expenses incurred from owning the property from the rental income before paying taxes. The income that's subject to taxation is that which is left after expenses are deducted.

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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
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
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:
+1 833 426 79 33
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