Form It-Rhc - Rehabilitated Historic Credit
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2IT-RHC 2009
Rehabilitated Historic Credit
(Rev. 04/10)
STATE OF GEORGIA
DEPARTMENT OF REVENUE
Attach to your income tax return
TAXPAYER SERVICES DIVISION
Name
Street and Number
City or Town
County
State
Zip Code
Federal Employer I.D. No.
Taxpayer's S.S. Number
Spouse's S.S. Number
This form is to be used for taxable years beginning on or after January 1, 2009. You must attach Georgia Department
of the 24 month (or 60 month) period and the property tax bill for the year immediately after the beginning of the
24 month (or 60 month) period.
)______________
.
d
Part A - Historic Home (including the portion of a
structure that is used as a historic
home)
Determination of Substantial Rehabilitation
1. Amount of the
rehabilitation expenditures (line 2e. II.
___________ ______
2. Fair market value as determined by the county tax assessor at
the beginning of the 24 month (or 60 month) rehabilitation period
(line 3e. from your Part B-
______________
50%
3. Percentage limitation
4. Multiply line 2 by line 3
______________
5. Dollar limitation
$25,000
6. Enter the lesser of line 4 or line 5
___________ ______
7. Subtract line 6 from line 1, if zero or less, STOP, you have not completed a
substantial rehabilitation and are not eligible for this portion of the credit
___________ ______
Amount of the Credit
_____________
8. Amount from Line 1
9. Credit limitation
25%
10. Multiply line 8 by line 9
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