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Louisiana New Markets Tax Credit Application
Extracted from PDF file 2023-louisiana-form-r-10609.pdf, last modified December 2008New Markets Tax Credit Application
R-10609 (11/08) Revenue Use Only Date Received New Markets Tax Credit Application PLEASE PRINT OR TYPE. Investor/ Taxpayer Information 1a. Name 1b. ( 1c. Address 2a. Who is the contact person of the taxpayer applying for Louisiana New Markets Tax Credits 3. 1d. City Telephone number ) 1e. State 2b. Telephone number ( 1f. ZIP ) What type of entity is the taxpayer? If an LLC or partnership who are the members or partners, what are the percentages of their ownership interests and explain how the New Markets Tax Credits should be allocated among them. Qualified Equity Investment Information 4. Did the taxpayer make a qualified equity investment (QEI) within the meaning of section 45D of the Internal Revenue Code? If so, include documentation. 5. What is the name and address of the Community Development Entity (CDE) that issued the QEI? 6. What is the date and the amount of the QEI made into the CDE? 7. What is the date or the projected date __________ ( mm/dd/yyyy) and the amount or the projected amount $ ______________ of the qualified low-income investment (QLICI) made into the qualified active low-income business? If the QLICI has not yet been made, you will receive a valid allocation of New Markets tax credits but, your New Markets Certification form will not be issued until the qualified active low income community business has been identified. 8a. Did the QLICI exceed five (5) million dollars? ■ Yes ■ No 8b. Is this qualified low-come investment issued by a single qualified active low-income business which is designated as a target industry in R.S. ■ Yes ■ No 51:2453(2)(b)(i)? 8c. Did you apply to LED for certification of your target industry? If not, do you intend to? ■ Yes ■ Yes ■ No ■ No 8d. If you answered yes to 8a, 8b and part one of 8c, then include a certification letter from the Louisiana Department of Economic Development (LED). If you elect not to seek a certification letter or if you have not received a certification letter from LED, your New Markets Certification form will be issued for an investment not to exceed five (5) million dollars. Name of Qualifying Active Low Income Business 9a. Name 9b. Address 9c. City 9d. State 9e. ZIP Purpose of the business that received the qualified low-income community investment from CDE listed in question above. If more than one business, attach a schedule detailing the names, purposes and the amount of the QLICIs. Calculation of Adjusted Purchase Price Calculate the adjusted purchase price for all anniversary dates in accordance with Revenue Ruling 08-011 and the formula below, and then place in table below. If an LLC or partnership, use a table for each member or partner. Amount of QEI made on certain credit allowance date invested in Louisiana or to be invested Amount of QEI on certain credit allowance date. X $______________ Amount of QEI made on certain credit allowance date. Adjusted Purchase price. = $______________ Name o f I nvesto r o r Inve s to r M e m b e r /Pa r tner : Credit Allowance Dates Credit Amount Allocated Percentage Percentage Credit Amount Allocated Percentage Percentage Credit Amount Allocated Percentage Percentage Credit Amount Allocated Percentage Percentage Credit Amount Name o f I nvesto r o r Inve s to r M e m b e r /Pa r tner : Credit Allowance Dates Credit Amount Name o f I nvesto r o r Inve s to r M e m b e r /Pa r tner : Credit Allowance Dates Credit Amount Name o f I nvesto r o r Inve s to r M e m b e r /Pa r tner : Credit Allowance Dates Credit Amount I attest and affirm that the information detailed in this application is true and accurate to the best of my knowledge and I understand that upon the indication of a misrepresentation of the facts therein I am subject to legal and tax consequences, including a total recapture of credits granted as a result of the misrepresentation. Print Taxpayer Name Print Taxpayer Representative Taxpayer Representative or Taxpayer Signature Date (mm/dd/yyyy) X Note: This application will be processed in the order received. Once this application is processed, you will receive a New Markets Certification Form. Use the New Markets Certification Form to claim and transfer the New Markets Tax Credit. For more information on how to claim and transfer this credit, refer to the proposed regulation LAC 61:1: 1911 available on the Department’s website. Submit this application to: [email protected]
Form R-10609
More about the Louisiana Form R-10609 Corporate Income Tax Tax Credit TY 2023
Valid from 2008 - present
We last updated the New Markets Tax Credit Application in February 2024, so this is the latest version of Form R-10609, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form R-10609 directly from TaxFormFinder. You can print other Louisiana tax forms here.
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TaxFormFinder has an additional 34 Louisiana income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form CIFT-620 | Corporation Income Tax and Franchise Tax Return |
| Form IT-541 | Fiduciary Income Tax Return |
| Form CIFT-401W | Unrelated Business Income Worksheet for IRC 401(a) and 501 Organizations |
| Form IT-565 | Partnership Return of Income and Form IT-565B Apportionment |
| CIFT-620ES | Estimated Tax Voucher for Corporations |
View all 35 Louisiana Income Tax Forms
Form Sources:
Louisiana usually releases forms for the current tax year between January and April. We last updated Louisiana Form R-10609 from the Department of Revenue in February 2024.
Form R-10609 is a Louisiana Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Louisiana Form R-10609
We have a total of ten past-year versions of Form R-10609 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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