Form It-Hc - Certification Of Georgia Housing Tax Credit Page 2
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CLEAR
IT-HC (Rev. 12/13)
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Part ll. Owner Information
1. Taxpayer Entity
1
2. Taxpayer’s Entity TIN
3. Taxpayer’s Address
4. Partner is a
General Partner
Limited Partner
Limited Liability
Company Member
5. Partner type is an
Individual
Corporation
Partnership
2
6. Taxpayer’s percentage
of Federal Low Income Housing Credit __________%
2
7. Taxpayer’s percentage
of Georgia Housing Tax Credit ________________%
Each partnership or other entity involved in marketing Georgia Housing tax
credits must attach an assignment letter.
Taxpayer or Shareholder
Claiming the Credit
Part III. Instructions:
In the schedule below, each shareholder, partner or member who receives a
proportionate share of the Georgia Housing Tax Credit should list the amount
claimed/earned each year. Then complete the following lines to arrive at the credit to
be claimed on their tax return. This form will be used to show your credits earned and
used and will be filed with shareholders income tax return or insurance premium tax
return.
The letters TIN appear at certain points on this form and mean taxpayer identification
number. The Georgia Housing Tax Credit can only be claimed for buildings placed in
service after January 1, 2001. For the purposes of the Georgia Housing Tax Credit,
transfers of ownership of the credit do not trigger recapture. However, in the case of a
transfer, the Commissioner of the Department of Revenue and/or the Commissioner of
Insurance must be notified. Both the transferor, on the return following the transfer, and
the transferee, on tax returns claiming the credit should check the box indicating
transfer below. There is a three year carry forward of unused tax credits.
1
TIN refers to Taxpayer identification number
2
Enter percentage if known
2
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