Form Dtf-625-Att - Low-Income Housing Credit Annual Statement
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1
2DTF-625-ATT
New York State Department of Taxation and Finance
Low-Income Housing Credit
(10/11)
Annual Statement
File this form with the building owner’s New York State income tax or franchise tax return.
Building owner’s name as shown on return
Identification number
Part 1 — Compliance information
A
A.
New York State building identification number ( BIN ) ................................................................................
B
Mark an X in one box if this Form DTF-625-ATT is for:
newly constructed or existing building
IRC section 42(e) rehabilitation expenditures
C
Do you have in your records the original Form DTF-625 (or a copy of the original ) signed and issued by
the housing credit agency for the building in A? ................................................................................... C.
Yes
No
If No, stop; do not complete Part 2
.
( see instructions )
D
Did the building in A qualify as a part of a qualified low-income housing project and meet the
requirements of New York State Public Housing Law Article 2-A and IRC section 42 as of the end of
the tax year for which this form is being filed? ...................................................................................... D.
Yes
No
If No, stop; do not complete Part 2
.
( see instructions )
E
Was there a decrease in the qualified basis of the building in A for the tax year for which you are filing
this form? ...............................................................................................................................................
E.
Yes
No
If Yes, see the instructions. If No, and the entire credit has been claimed in prior tax years, stop; do
not complete Part 2.
Part 2 — Computation of credit
1
Eligible basis of building ..........................................................................................................................
1.
2
2.
Low-income portion
.............................................................
( smaller of unit fraction or floor-space fraction )
3
Qualified basis of low-income building. Multiply line 1 by line 2
..............
3.
( see instructions for exceptions )
4
Part-year adjustment for disposition or acquisition during the tax year .................................................
4.
5.
5
Credit percentage
.................................................................................
( round decimal to the fourth place )
6
Multiply line 3 or line 4 by the percentage (decimal ) on line 5
......................................
6.
( see instructions )
7
7.
Additions to qualified basis, if any .............................................................
8
Part-year adjustment for disposition or acquisition during the tax year ..........
8.
9
Credit percentage. Enter one-third of the percentage on line 5
.............................................................
9.
( round decimal to the fourth place )
10 Multiply line 7 or line 8 by the percentage on line 9
........ 10.
( see instructions )
11 Internal Revenue Code ( IRC) section 42(f )(3)( B) modification .................. 11.
12 Add lines 10 and 11 ................................................................................................................................. 12.
13 Credit for building before line 15 reduction. Subtract line 12 from line 6 ................................................ 13.
( continued on back )
3251110094
Please file this original scannable
48601110094
attachment with the Tax Department.
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