Schedule Sc - Septic Credit For Repairing Or Replacing A Failed Cesspool Or Septic System - 2004 Page 2

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Part 4. Unused Septic Credit Carryover
Complete only if line 9 is more than line 15, or if you have unused credits from prior years.
Year Certificate
a. Total credit available
b. Portion used
c. Unused credit available
of Compliance
b.
this year (2004
Subtract col. b. from col. a
was issued
b.
Sch. SC, line 15)
Amount
For
16 2000
(2003 Schedule SC, line 16)
$. . . . . . . . . . . . . . . .
$ . . . . . . . . . . . . . . . . . .
$ . . . . . . . . . . . . . .
2005
2001
(2003 Schedule SC, line 16)
$. . . . . . . . . . . . . . . .
$ . . . . . . . . . . . . . . . . . .
$ . . . . . . . . . . . . . .
2005–2006
2002
(2003 Schedule SC, line 16)
$. . . . . . . . . . . . . . . .
$ . . . . . . . . . . . . . . . . . .
$ . . . . . . . . . . . . . .
2005–2007
2003
(2003 Schedule SC, line 16)
$. . . . . . . . . . . . . . . .
$ . . . . . . . . . . . . . . . . . .
$ . . . . . . . . . . . . . .
2005–2008
2004
(2004 Schedule SC, line 9)
$. . . . . . . . . . . . . . . .
$ . . . . . . . . . . . . . . . . . .
$ . . . . . . . . . . . . . .
2005–2009
Part 5. Computation of Interest Subsidy
If Certificate of Compliance or verification letter was issued in 2004, complete all applicable lines. If claiming a carryover credit, only complete lines 32
through 37.
17 Total amount of loan or betterment outstanding during 1999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
18 Number of days the loan or betterment was issued for during 1999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
× (number of days in line 18 ÷ 365) × 8.75% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
19 Amount in line 17
20 Total amount of loan or betterment outstanding during 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
21 Number of days the loan or betterment was issued during 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
22 Amount in line 20 × (number of days in line 21 ÷ 365) × 9.75% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
23 Total amount of loan or betterment outstanding during 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
24 Number of days the loan or betterment was issued during 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
25 Amount in line 23 × (number of days in line 24 ÷ 365) × 8.75% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
26 Total amount of loan or betterment outstanding during 2002 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
27 Number of days the loan or betterment was issued during 2002 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
28 Amount in line 26 × (number of days in line 27 ÷ 365) × 7% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
29 Total amount of loan or betterment outstanding during 2003 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
30 Number of days the loan or betterment was issued for during 2003 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
31 Amount in line 29 × (number of days in line 30 ÷ 365) × 5.75%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
32 Total amount of loan or betterment outstanding during 2004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
33 Number of days the loan or betterment was issued for during 2004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
34 Amount in line 32 × (number of days in line 33 ÷ 365) × 5.5%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
35 Total interest at market rate. Add lines 19, 22, 25, 28, 31 and 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
36 Total interest actually paid on the loan or betterment. If Certificate of Compliance or verification letter was issued
in 2004, enter the total interest paid during all periods listed above. If claiming a carryover credit only, enter the
amount of interest paid in 2004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
37 Amount of interest subsidy. Subtract line 36 from line 35. Enter result here and in Part 3, line 12 . . . . . . . . . . . . . . . . . . 37

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