TC-40LI                                Rev. 6/20

                                                                                                                                                                                                                                                                                                                                                                  Utah                                                                                                                                                                                                                                                                                                                                                                                                                                                 Column I

Clear form
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (Multiply Column G by Column H)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ZIP Code  Tax year ending                                                                                                                                                                        Utah Low-Income Housing Tax Credit                                                                                         $                             $                                                                                                                                                                                                                $
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            % % % % % % % % % % %    %

                                            Get forms online - tax.utah.gov

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Column H                                                                                                                                                                                       credit owned
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Taxpayer identification number   Telephone number                                                                                                                                                                                                  Percentage of state                                                                                                                                                              (Sum column I)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Total number of forms TC-40TCAC
  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            State
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Column G                                                                                                                                                                                                                                       Total Credit Allowed  
                                                                                                                                                                                                                                                                                                                                                                  You must also keep form TC-40TCAC, 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Multiply line 4 of form
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                TC-40TCAC by Column F                                                                      $
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            % % % % % % % % % % %   %

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Column F                                                                                                                         by Column D
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Divide Column E
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Credit available to carry back or carry forward

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Column E
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Low-income housing                                                       credit per schedule K-1                                                                   $

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Column D
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              completed by the Utah Housing Corporation, for each building listed in Column B, below. See  instructions                                                                                                                                                                                                                                                                      Multiply Column C by                                                                                 line 2 form TC-40TCAC  $
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            % % % % % % % % % % %  %

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Column C                                                                                                                                                                                           credit owned
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Percentage of federal

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Column B                                                                                                            number (BIN)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Building identification

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Column A

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Name of building owner
          Utah State Tax Commission                                        Summary of Utah Low-Income Housing Tax Credit Utah law allows a nonrefundable tax credit for low-income housing projects that have received the federal low-income housing credit.                                                                                                     Do not send this form with your return. Keep this form and all related documents with your records.                                                         Low-Income Housing Tax Credit Allocation Certification,                                                   on the next page. Name of taxpayer claiming credit Address               City                 Summary Worksheet of State Low-Income Housing Tax Credit Allowed                                                                                                                                                                                                                                                                IMPORTANT - PLEASE READ               See the Utah tax return instructions to determine how to claim this credit.                         The credit code is "08".

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              , or call 801-297-3811 or TDD 801-297-2020.  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              taxada@utah.gov

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Subtract the credit used in the current year from the total credit 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      , or call 801-297-2200 or 1-800-662-4335.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       You must also keep a copy of each form TC-40TCAC provided by Utah Housing Corporation.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             This form is to be completed for the tax year in which the credit is allowed.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            utahhousingcorp.org

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           List the entity that owns the building(s) eligible for the low-income housing tax credit. List the Building Identification Number (BIN).  Keep a copy of Form TC-40TCAC for each building.                                                                                           List the percentage of federal low-income housing credit allocated to you by the building            Multiply Column C  by Line 2 of Form TC-40TCAC. Amount of federal low-income housing credit actually taken. Divide Column E by Column D. Do not enter more than 100%. Multiply Column F by Line 4 Form TC-40TCAC. List the percentage of state low-income housing credit owned. Multiply Column G by Column H.  The sum of the amounts in Column I is the credit that can be taken.                                                                                                                                            Enter the amount of credit applied against tax in the current year. This amount may not exceed your Utah tax liability in the current year.

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General Instructions Owners of low-income housing projects may take a nonrefundable credit against their individual income tax, corporate franchise tax or fiduciary tax in an amount                                                                                                                                                                 determined by the Utah Housing Corporation. Any owner of a low-income project that has received an allocation of the federal low-income housing tax credit and  any applicant for an allocation of the federal low-income housing credit may apply to the Utah Housing Corporation for this tax credit.                                                                                                                                                                      Credit amounts greater than the Utah tax liability in the tax year in which the credit is earned following allocation by the Utah Housing Corporation may be carried                                                                                                                                                                   back three years or may be carried forward to the following five taxable years. For detailed instructions regarding the carryback or carryforward of this credit, please see form TC-40LIC, Utah Low-Income Housing Tax Credit Carryback and/or Carryforward.                                                                                                                                                Do not send this form with your return. Keep this form and all related documents with your records. You must complete a new form each year you claim a carryback or carryforward credit.                                              Worksheet Instructions:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Credit Available to Carryforward or Carryback:                     allowed.  This is the amount that may be carried back three years and forward five years.                           For more information, see                                                                               If you need an accommodation under the Americans with Disabilities Act, email                                                Please allow three working days for a response.