Khc Form Tc 3 PDF Details

The Kentucky Heritage Council's KHC Form TC-3, an essential document for those involved in the rehabilitation of historic properties, plays a significant role in the process of obtaining state tax incentives for historic preservation efforts. This form, marked for its revision in 2007, constitutes the third part of a comprehensive application process, specifically focusing on the Request for Certification of Completed Work. As such, it demands a detailed account of the rehabilitation work carried out on a property, insisting that applicants provide thorough descriptions to support their claim for tax credits. The form distinguishes itself by prioritizing the information contained within over any supplementary materials like architectural plans or drawings, thus emphasizing the critical nature of the form's accuracy. Requirements set forth include strict submission deadlines—no later than January 30 of the year following project completion—and detailed financial records of the costs associated with the rehabilitation. Through its structured format, the KHC Form TC-3 facilitates a straightforward pathway for property owners to declare their rehabilitation projects' alignment with the "STANDARDS FOR REHABILITATION," establishing a direct link to potential state tax incentives while also underscoring the legal and financial responsibilities involved in preserving Kentucky's historic treasures.

QuestionAnswer
Form NameKhc Form Tc 3
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namespart_3 kentucky heritage council kentucky historic preservation tax credit part 1 form

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KHC Form TC-3

Rev. 2007

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COMMONWEALTH OF KENTUCKY

Kentucky Heritage Council

Kentucky Historic Preservation Tax Credit

Certification Application

Part 3 – Request for Certification of Completed Work

KHC Project #

_______________

Date Received

______________

Read all Instructions and Guidelines (provided separately from this application) carefully before completing this application. Type or print clearly in black ink. The decision by the Kentucky Heritage Council with respect to certification is made on the basis of the descriptions in this application form. In the event of any discrepancy between the application form and other, supplementary material submitted with it (such as architectural plans, drawings, and specifications), the application form shall take precedence. A copy of this form will be provided to the Kentucky Department of Revenue. This form must be submitted to the Kentucky Heritage Council upon completion of the project, but no later than January 30 of the year following the completion of the project and in the year the taxpayer intends to claim the credit.

Name of property: _____________________________________________________________________________________

Street: _____________________________________________________City: ______________________ State: KY Zip: _________

Data on rehabilitation project: Owner-Occupied residential property

Commercial Property/Other

Project start date: ___________________

Project Completion Date _______________________

Costs attributed solely to the rehabilitation of the historic structure: $________________________

Data on ownership and Request for Certification:

I hereby apply for certification of rehabilitation work described above for purposes of the State tax incentives. I declare under penalty of law that the information provided is, to the best of my knowledge, correct, and that in my opinion the completed rehabilitation meets the "STANDARDS FOR REHABILITATION" and is consistent with work described in Part 2:Historic Preservation Certification Application.

Name: _____________________________________________________________________________________________________

(If there is more than one owner, attach full list of all owners with addresses, social security numbers or taxpayer identification numbers.)

Organization: ______________________________________________________________________________________________

(If this is a pass-through organization, such as a limited partnership, S corporation or limited liability company, attach full list of all owners.)

Street: _______________________________________________City: _______________ State: ____ Zip: _________________

Social Security or Taxpayer Identification Number: _________________________________

Telephone Number: ______________________________________ E-Mail Address: ______________________

I attest that I have, or am the authorized representative of an entity that has, a possessory interest in the property:

Signature: ___________________________________________________________________________

Date: ______________

NOTE: The total credit amount approved for a calendar year for all taxpayers is limited to $3 million. The credits allocated on a preliminary approval may be adjusted to reflect actual eligible expenses.. Taxpayers and the Kentucky Department of Revenue will be notified of approved final credits for completed projects no later than March 30.

KHC Office Use Only - The Kentucky Heritage Council has reviewed this application and the Part 2-Description of Rehabilitation for this project and has determined:

That the completed rehabilitation meets the Secretary of the Interior’s Standards for Rehabilitation. Effective on the date indicated below, the rehabilitation of this “certified historic structure” is hereby designated a “certified rehabilitation.” This letter of certification is to be used in conjunction with appropriate Kentucky Income Tax forms.

That the completed rehabilitation does not meet the Secretary of the Interior’s Standards for Rehabilitation.

Total Amount of Actual Eligible Expenses Reported for this Project

Total Pre-Approved Credit Amount Allocated for this Project

Total FINAL Approved Credit Amount Approved for this Project

______________________________________________________________

__________________

Kentucky Heritage Council /State Historic Preservation Office Authorized Signature

Date

ڤ See Attachments

 

KHC Form TC-3;

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