Form Tc-40h - Historic Preservation Tax Credit

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Utah State Tax Commission
TC-40H
Historic Preservation Tax Credit
Rev. 12/09
Get forms online - tax.utah.gov
Utah law allows a nonrefundable credit against individual income tax or fiduciary tax for qualified rehabilitation
expenditures of a residential certified historic building. Taxpayers claiming this credit must complete one form for each
rehabilitation claimed. See procedure instructions on the reverse side.
Do not send this form with your return. Keep this form and all related documents with your records.
Before claiming this credit, taxpayers must file an application for approval of all proposed rehabilitation work with the State
Historic Preservation Office prior to the completion of restoration or rehabilitation project.
Part A - To be completed by the taxpayer
Taxpayer's name
Telephone number
Social security number or EIN
Address
State and ZIP code
City
Part B - To be completed by the State Historic Preservation Office
Address of residential certified historic building
State and ZIP code
City
Date final certification number issued
C
ertified historic
residential
building final certification number:
Certification by the State Historic Preservation Office
I certify to the best of my knowledge and belief the information contained in Part B is true, correct and complete.
Authorized signature
Date signed
Title
Part C - To be completed by the taxpayer
Credit Calculation
/
/
1. Date of original project approval
1
2. Date project completed
2
/
/
3. Total amount of the historic preservation cost
3
$
4. Total amount of tax credit from project - multiply line 3 by 20% (.20)
4
5. Tax liability from tax return
5
6. Tax credit allowed - lesser of line 4 or line 5
6
Column A
Column B
Column C
Previous year
Column C less
current year
Credit claimed in
Carryover year
Column B
carryover year
Carryover of Excess Credit (if any)
7. Carryover from original year (subtract line 6 from line 4)
7
8. First carryover year
8
9. Second carryover year
9
10. Third carryover year
10
11
11. Fourth carryover year
12
12. Fifth carryover year
No further carryover
Refer to the income tax (TC-40) or fiduciary tax (TC-41) instructions
on how to claim this credit. Credit code is "06" for all returns.

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