Professional Documents
Culture Documents
General Instructions Generally, the state housing credit to an owner of a qualified low-income
ceiling for any state is the sum of: building during the calendar year must
Section references are to the Internal
1. $1.25 multiplied by the state’s complete and file Form 8610. In states
Revenue Code unless otherwise noted.
population, with multiple housing credit agencies
Purpose of Form 2. The unused state housing credit (including states with constitutional
ceiling (if any) for the preceding calendar home rule cities), the agencies must
Housing credit agencies use Form 8610 coordinate and file one Form 8610.
to transmit Form(s) 8609, Low-Income year,
Housing Credit Allocation Certification, 3. The amount of state housing credit If a housing credit agency has granted
(including Form(s) 8609 issued for ceiling credits returned in the year (from any project relief for carryover
allocations under sections 42(h)(1)(E) and prior years’ allocations), plus allocations discussed in section 5 of
42(h)(1)(F)), sections 42(h)(1)(E) and Rev. Proc. 95-28, 1995-1 C.B. 704, the
4. The amount (if any) allocated to the agency must attach to Form 8610 a list
42(h)(1)(F) allocating documents, and state from the National Pool.
applicable section 42(b)(2)(A)(ii) binding of the projects for which it has approved
See Regulations section 1.42-14 for relief. The housing credit agency should
agreements and election statements to more information.
the IRS. Form 8610 is also used to list only those projects that had received
its approval of the carryover allocation
report the dollar amount of housing Who Must File relief since the agency last filed Form
credits allocated during the calendar Any housing credit agency authorized to
year. The housing credit agency must 8610.
make an allocation of the credit (even if The housing credit agency must keep
not allocate more credits than it is no credit is actually allocated) on a Form
authorized to allocate during the a copy of Form 8610 (including any
8609 or on a section 42(h)(1)(E) or amended Form 8610) for its records.
calendar year. section 42(h)(1)(F) allocating document
For Paperwork Reduction Act Notice, see back of form. Cat. No. 63982F Form 8610 (1998)
Form 8610 (1998) Page 2