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NEW YORK CITY DEPARTMENT OF FINANCE NYC FINANCE NEW l YORK BT PAID CREDIT 9.7 GENERAL CORPORATION TAXPAYERS (NYC Administrative Code Section 11604.18) Print or Type ATTACH TO FORM NYC3L OR NYC3A t
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UBT paid credit is a credit given to taxpayers in New York City for taxes paid to other localities.
Any taxpayer in New York City who has paid taxes to other localities is required to file for UBT paid credit.
To fill out UBT paid credit, taxpayers need to submit Form NYC-222.
The purpose of UBT paid credit is to prevent double taxation for businesses operating in multiple localities.
Taxpayers must report the amount of taxes paid to other localities and provide supporting documentation.
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