Note: Tenants with annual taxable rents between $250,000 and $300,000 are eligible for a sliding-scale credit that partially offsets the tax.
A "tenant" is someone who pays rent as a lessee, sub-lessee, licensee, or concessionaire. Tenant-shareholders in co-ops are included. You must also pay the Commercial Rent Tax if you:
- Occupy space in buildings owned by spouses or parents or owned jointly with others;
- Occupy space in buildings owned by corporations where you are an officer or shareholder;
- Are a corporation, occupying space in a building that is owned by a subsidiary corporation or a parent corporation; and
- Are a corporation, occupying a space in a building owned by an officer or stockholder of the corporation.
Commercial Rent Tax Unit
345 Adams Street, 5th Floor
Brooklyn, NY 11201
For further assistance, please call 311 and ask for: Department of Finance