Schedule Sc - Septic Credit Credit For Repairing Or Replacing A Failed Cesspool Or Septic System - 2013

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Schedule SC
2013
Septic Credit
Massachusetts
Credit for Repairing or Replacing
Department of
a Failed Cesspool or Septic System
Revenue
Name(s) as shown on Massachusetts Forms 1, 1-NR/PY
Social Security number(s)
Address of principal residence with a failed system (must be in Massachusetts; do not enter PO box)
City/Town
State
Zip
/
/
Part 1. General Information
1a Date certificate of compliance or verification letter issued:
. Retain a copy of Certificate of Compliance or verification letter.
____________________________________________________________________
1b Name of approving authority:
____
If you were the sole owner of the property, enter 100%; otherwise enter the percentage of the total actual costs that you paid:
%. Also, list
names, addresses and percentage of ownership of any co-owners of the above property. If a condominium, list legal name of the condominium
2
______________________________________________________________
association and total number of owners:
If you received a subsidized loan from the Commonwealth, or a betterment issued by a municipality to complete repairs or replacement of a qualified
cesspool or septic system, complete the following (you must also complete Part 5):
3
Subsidized loan issued under homeowner septic repair program
__________________________
Name of participating lender:
3a
__________
Amount of loan: $
__________
Loan term (in months):
____
Interest rate (must be either 0%, 3% or 5%):
%
Loan issued by municipality and assessed as a betterment (see instructions) to your property tax bill
__________________________
Name of municipality:
3b
__________
Amount of betterment: $
______
Number of years to repay betterment:
____
Interest rate:
%
Complete Part 2 only if Certificate of Compliance or verification letter was issued in 2013.
Part 2. Computation of Credit.
4a Briefly describe the nature of expenditures made to comply with Title 5 or to connect to a municipal sewer system pursuant to a federal court order,
Administrative Consent Order, state court order, consent decree or similar mandate. Complete details
must be available upon request. Also include any actual costs incurred in 1995 through 2012.
b
c
Date paid
Actual cost
25 Total actual costs to repair or replace a failed cesspool or septic system or to connect to a municipal sewer system.
Add all amounts in line 4, col. c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
26 Maximum amount available for computation of the credit. Enter the smaller of line 5 or $15,000. . . . . . . . . . . . . . . . . . . . . 6
27 Amount of actual costs available for the credit. Multiply line 6 by .40 (40%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

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