Louisiana New Markets Tax Credit Application
Extracted from PDF file 2019-louisiana-form-r-10609.pdf, last modified December 2015
New Markets Tax Credit ApplicationR-10609 (1/10) Revenue Use Only Date Received New Markets Tax Credit Application PLEASE PRINT OR TYPE. Investor/ Taxpayer Information Name Telephone number ( ) Address City Who is the contact person of the taxpayer applying for Louisiana New Markets Tax Credits? State ZIP Telephone number ( ) What type of entity is the taxpayer? If an LLC or partnership, list the members or partners and their percentages of ownership interest. Explain how the New Markets Tax Credits should be allocated among them. Qualified Equity Investment Information 1. Did the taxpayer make a qualified equity investment (QEI) within the meaning of section 45D of the Internal Revenue Code? If so, include documentation. 2. What is the name and address of the Community Development Entity (CDE) that issued the QEI? 3. What is the date and the amount of the QEI made into the CDE? _____ /_____ /_____ $ _________________ mm/dd/yyyy 4. What is the date or the projected date _____ /_____ /_____ and the amount or the projected amount $ ______________ of the qualified low-income mm/dd/yyyy community 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 Tax Credit Summary Sheet will not be issued until the qualified active low income community business has been identified. 5. Did the QLICI investment exceed 7.5 million dollars? ■ Yes ■ No 6. Is this QLICI issued by a single qualified active low-income business which is designated as a target industry in R.S. 51:2453(2)(b)(i)? ■ Yes ■ No 7. Did you apply to LED for certification of your target industry? ■ Yes ■ No ■ Yes ■ No If no, do you intend to? If you answered yes to this question, include a certification letter from the Louisiana Department of Economic Development (LED). Name of Qualifying Active Low Income Business Name Address City State 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 QLICI made on certain credit allowance date invested in Louisiana or to be invested Amount of QLICI on certain credit allowance date. X $______________ Amount of QLICI 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 Date Credit Amount Allocated Percentage Credit Amount Allocated Percentage Credit Amount Allocated Percentage Credit Amount Allocated Percentage Name o f I nvesto r o r Inve s to r M e m b e r /Pa r tner : Credit Allowance Date Name o f I nvesto r o r Inve s to r M e m b e r /Pa r tner : Credit Allowance Date Name o f I nvesto r o r Inve s to r M e m b e r /Pa r tner : Credit Allowance Date 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 Tax Credit Summary Sheet. Use the New Markets Tax Credit Summary Sheet to claim and transfer the New Markets Tax Credit. For additional information regarding the New Markets credit, contact the Special Programs Division at 225 219 2200. Submit this application to: [email protected]
More about the Louisiana Form R-10609 Corporate Income Tax Tax Credit
Valid from 2008 - present
We last updated the New Markets Tax Credit Application in April 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Louisiana Department of Revenue. You can print other Louisiana tax forms here.
Other Louisiana Corporate Income Tax Forms:
|Form Code||Form Name|
|Form CIFT-620||Corporation Income Tax and Franchise Tax Return|
|Form CIFT-620ES||Estimated Tax Voucher for Corporations|
|Form R-10610||Schedule of Ad Valorem Tax Credit Claimed by Manufacturers|
|Form IT-541||Fiduciary Income Tax Return|
|Form R-6906A||Corporation Franchise Tax Initial Return (CFT-4)|
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 April 2020.
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 six 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:
While we do our best to keep our list of Louisiana Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.