Fillable Form 8610 - Annual Low-Income Housing Credit Agencies Report

Form 8610 (2012)

Page

To ensure that Form 8610 is

Arkansas, Illinois, Indiana, Iowa,

• Amounts allocated and returned

Missouri, Nebraska, and Wisconsin.

correctly processed, attach all forms

during the year, unless such amounts

and schedules to Form 8610 in the

The additional amount is the total of

are reallocated by the close of the

following order.

the state's Midwestern disaster area

year.

credits allocated in 2008, 2009, or

1. Forms 8609.

On line 6a, enter the total amounts

2010 that were returned and

reported on all Forms 8609, Part I, line

2. Schedules A (Form 8610), not

reallocated in the Midwestern disaster

1b, that are included on line 1 of this

including those for projects approved

area in 2012.

Form 8610. On line 6b, enter the total

for carryover allocation relief under

Louisiana and Texas. The

amounts reported as carryover

Rev. Proc. 2007-54.

additional amount is the total of the

allocations that are included on line 3

3. Schedules A (Form 8610) for

state's Hurricane Ike disaster area

of this Form 8610.

projects approved for carryover

credits allocated in 2008, 2009, or

Part III

allocation relief under Rev. Proc.

2010 that were returned and

2007-54.

reallocated in the Hurricane Ike

Lines 14a, 15a, and 16a

disaster area in 2012.

Amended Report

Do not include buildings no longer

Line 5b

If this is an amended Form 8610,

subject to compliance monitoring

check the “amended report” box. Use

because, for example, the buildings

A state’s population is determined

the same version of the form that was

are no longer participating in the low-

according to section 146(j). See Notice

originally filed (for example, a 2012

income housing credit program.

2012-22, 2012-13 I.R.B. 576, for

Form 8610 to amend the 2012 report,

applicable population figures.

Line 14a

a 2011 Form 8610 to amend the 2011

report, etc.).

Line 5c

For buildings whose compliance

periods ended during the last 3

Complete only those lines that are

Do not include on this line allocations

calendar years, complete lines 14b

being amended by entering the

made and returned in the same year.

and 14c with respect to the 3-year

correct information. Attach any

For states identified in line 5a, do NOT

period ending on the date the

additional documentation necessary to

include line 5a disaster credits

compliance period ended. Include

explain why an amended Form 8610 is

returned in 2012 (whether or not

buildings financed by the Rural

being filed.

reallocated).

Housing Service and buildings

Part I

financed with tax-exempt bonds.

Line 5d

Lines 14b and 14c

Line 1

Enter the "Amount Allocated," if any,

for your state in Rev. Proc. 2012-42,

Enter the total number of Forms 8609

Take into account all the projects

2012-46 I.R.B. 545.

attached to this Form 8610 that were

included on line 14a. See Regulations

used to allocate credit during 2012. Do

section 1.42-5(c)(2)(ii)(B) for details.

Line 5g

not include Forms 8609 issued to

Include buildings inspected by the

This is the state housing credit ceiling

taxpayers that reflect credit allocations

Rural Housing Service under

available for allocations during 2012.

made prior to 2012 on section 42(h)(1)

Regulations section 1.42-5(d)(3).

(E) or 42(h)(1)(F) carryover allocation

Line 5h

Caution: Regulations section

documents.

1.42-5(c)(2)(ii)(B) requires that at least

Not more than 90% of the line 5g

once every 3 years the Agency (or the

Line 2a

amount is allowed to be allocated to

Rural Housing Service, if applicable)

projects other than qualified low-

Enter the total number of Forms 8609

conduct on-site inspections of all

income housing projects described in

attached to this Form 8610 for:

buildings in each project and, for at

section 42(h)(5)(B).

• Credit allocations made prior to 2012

least 20 percent of each project’s low-

Enter the sum of the following

on section 42(h)(1)(E) or 42(h)(1)(F)

income units, inspect the units and

amounts.

carryover allocation documents and

review the low-income certifications,

the documentation supporting the

• Any amount reported on line 1b of an

• Credits attributable to projects

certifications, and the rent records for

attached Form 8609 with box 6g

financed by tax-exempt bonds subject

the tenants in those units. If the

checked.

to volume cap under section 42(h)(4).

number entered on line 14b or line 14c

• Any amount reported on line 5 of an

Part II

does not equal the number entered on

attached Schedule A (Form 8610) with

line 14a, attach an explanation.

Line 5a

question 3b answered “Yes.”

For 2012, an additional housing credit

Lines 6a and 6b

amount is available ONLY to the states

Enter on the applicable line the dollar

listed on this line. Follow the

instructions to determine the

amount actually allocated during 2012.

Do not include the following.

additional housing credit amount

available for the listed states.

• Credits allowed to tax-exempt bond

financed projects under section 42(h)

(4). These credits do not count against

the total state housing ceiling

authorized on line 5g.

Form 8610 - Annual Low-Income Housing Credit Agencies Report - 2012 Page 3

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