Delaware Tax Credits - Historic Preservation - Application and Computation Schedule

Tax Credits - Historic Preservation - Application and Computation Schedule
1811AC_pg1
STATE OF DELAWARE
FORM 1811AC 0905

COMPUTATION SCHEDULE FOR CLAIMING
DELAWARE HISTORIC PRESERVATION TAX CREDITS

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PART A - NAME AND ADDRESS OF CURRENT QUALIFIED PROPERTY OWNER
1. Enter Federal Employer Identification Number

D IV ISIO N O F REV EN U E
8 2 0 N o rt h F re n ch St .
P .O . Bo x 87 63
W ilm ., DE 19899 - 8763

Social Security Number:

2. Name of Current Qualified Property Owner
3.

Address
City

State

Zip

State

Zip

4. Location of Qualifying Historic Property (If different from above)
City
5. Qualifying Dates

Part II Approval:

Part III Approval:

PART B - TYPE OF HISTORIC PROPERTY
Certified historic property eligible for a federal tax credit under Section 47 of the IRC. (Allows 20% of expenses as credits)
Certified residential historic property (committed to low income housing) eligible for a
federal tax credit under Section 47 of the IRC. (Allows 30% of expenses as credits)
Certified historic property not eligible for a federal tax credit under Section 47 of the IRC. (Allows 30% of expenses as credits)
Certified residential historic property (committed to low income housing) not eligible
for a federal tax credit under Section 47 of the IRC. (Allows 40% of expenses as credits)
The qualified property owner hereby certifies that the above information is true, correct and complete.

NAME

TITLE

DATE

STOP: Only complete Part A and Part B of this form. Part C of this form will be completed and certified by the
Delaware Division of Revenue and the Delaware State Bank Commissioner Office.
PART C - COMPUTATION OF THE HISTORIC PRESERVATION TAX CREDIT
1.

Qualified expenditures in the rehabilitation of any certified historic property

2.

Enter the percentage noted next to the box checked in Part B

3.

Tentative Historic Preservation Tax Credit. (Line 1 multiplied by Line 2)

$

4.

Credit limitation

$

STO P:

$
%

Is t h e h is t o r ic p r o p e r t y, w h ic h is n o t e lig ib le f o r a f e d er a l ta x cr e d it u n d e r
S ec tio n 4 7 o f th e IR C , a cer tifie d re h a b ilita tio n th a t is o c c u p ie d b y th e o w n e r?
N O - E n te r th e a m ou n t fro m L in e 3 o n L in e 5

YES - Enter the smaller of Line 3 or Line 4 on Line 5

5.

Delaware Historic Preservation Tax Credit.

$

The Delaware Division of Revenue and the Office of the State Bank Commissioner hereby certify that the above credit computation is true, correct, and complete.

NAME

NAME

(Revised 09/30/21)

DIVISION OF REVENUE TITLE

DATE

STATE BANK COMMISSIONER TITLE

DATE

*DF41813019999*

GENERAL INSTRUCTIONS FOR COMPLETION OF
FORM 1811AC 0905

The State Historic Preservation Office (SHPO) must first approve the project as a Certified Rehabilitation. Once
the renovation is completed, a Certificate of Completion is required in order to convert the project’s assigned
credit award to approved income tax credits. In order to receive the credits, the applicant must submit to SHPO
their Part 3 application and Delaware Division of Revenue Form 1811AC 0905 and an accounting of the actual
qualified expenditures of the renovation. The SHPO will submit Form 1811AC 0905 and the Certificate of
Completion to the Division of Revenue and the State Bank Commissioner who will compute and verify the
credits for the renovation. If you need assistance completing this form, please contact the Delaware
Division of Revenue by email at [email protected], by phone at (302) 577-8783, or in person at
one of the Division of Revenue’s public service offices, the addresses of which are available at https://
revenue.delaware.gov/contact-information.
SPECIFIC INSTRUCTIONS
PART A - NAME AND ADDRESS OF CURRENT QUALIFIED PROPERTY OWNER
Line 1.
Line
Line
Line
Line

2.
3.
4.
5.

Enter the Federal Employer Identification or Social Security Number of the person or entity currently
owning the qualified property.
Enter the name of the person or entity currently owning the qualified property.
Enter the address of the person or entity currently owning the qualified property.
Enter the location of the qualified historic property, if different from Line 3.
Enter the date (MM/DD/YY) in which the qualified property was granted Part II approval and the date
(MM/DD/YY) in which the Certificate of Completion (Part III) was issued for the qualified property.

PART B – TYPE OF HISTORIC PROPERTY

Please check the appropriate box under which the Delaware historic property is qualified.

DELAWARE DIVISION OF REVENUE FORM 1811AC 0905 MUST BE SIGNED BY THE CURRENT
QUALIFIED PROPERTY OWNER OR AN APPROVED REPRESENTATIVE OF THE CURRENT
QUALIFIED PROPERTY OWNER

PART C – COMPUTATION OF THE DELAWARE HISTORIC PRESERVATION TAX CREDIT
STOP:

ONLY COMPLETE PART A AND PART B OF THIS FORM. PART C OF THIS FORM WILL BE
COMPLETED AND CERTIFIED BY THE DELAWARE DIVISION OF REVENUE AND THE DELAWARE
STATE BANK COMMISSIONER OFFICE.