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Utah Free Printable TC-40H, Historic Preservation Tax Credit for 2020 Utah Historic Preservation Tax Credit

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Historic Preservation Tax Credit
TC-40H, Historic Preservation Tax Credit

Clear form Utah State Tax Commission TC-40H Historic Preservation Tax Credit Get forms online - tax.utah.gov Rev. 12/09 Utah law allows a nonrefundable credit against individual income tax or fiduciary tax for qualified rehabilitation expenditures of a residential certified historic building. Taxpayers claiming this credit must complete one form for each rehabilitation claimed. See procedure instructions on the reverse side. Do not send this form with your return. Keep this form and all related documents with your records. Before claiming this credit, taxpayers must file an application for approval of all proposed rehabilitation work with the State Historic Preservation Office prior to the completion of restoration or rehabilitation project. Part A - To be completed by the taxpayer Taxpayer's name Telephone number Social security number or EIN Address City State and ZIP code Part B - To be completed by the State Historic Preservation Office Address of residential certified historic building City Certified historic residential building final certification number: Date final certification number issued State and ZIP code Certification by the State Historic Preservation Office I certify to the best of my knowledge and belief the information contained in Part B is true, correct and complete. Authorized signature Date signed Title Part C - To be completed by the taxpayer Credit Calculation / / 1. Date of original project approval 1 2. Date project completed 2 3. Total amount of the historic preservation cost 3 $ 4. Total amount of tax credit from project - multiply line 3 by 20% (.20) 4 5. Tax liability from tax return 5 6. Tax credit allowed - lesser of line 4 or line 5 6 Carryover of Excess Credit (if any) 7. Carryover from original year (subtract line 6 from line 4) 7 8. First carryover year 8 9. Second carryover year 9 10. Third carryover year 10 11. Fourth carryover year 11 12. Fifth carryover year 12 Refer to the income tax (TC-40) or fiduciary tax (TC-41) instructions on how to claim this credit. Credit code is "06" for all returns. Column A Column B Carryover year Credit claimed in carryover year / / Column C Previous year Column C less current year Column B No further carryover General Instructions A nonrefundable credit may be claimed against Utah individual income tax or fiduciary tax (see UC §59-10-1006) of 20 percent of qualified rehabilitation expenditures costing more than $10,000 incurred in connection with any residential certified historic building. When qualifying expenditures of more than $10,000 are incurred, the credit shall apply to the full amount of the expenditures. This credit is allowed only against any Utah tax owed beginning in the tax year in which the project receives final certification by the State Historic Preservation Office. Part B of this form must be completed and signed by an authorized representative of the State Historic Preservation Office, 300 S Rio Grande St, SLC, UT 84101; telephone 801-533-3500; history.utah.gov/historic_buildings/financial_ assistance/index. Procedures Taxpayers must file an application for approval of all proposed rehabilitation work with the State Historic Preservation Office prior to the completion of restoration or rehabilitation work on the project. The application shall be on a form provided by the Division of State History. It is recommended you file your application before starting work. Rehabilitation work must receive a unique certification number from the State Historic Preservation Office in order to be eligible for the tax credit. In order to receive final certification and be issued a unique certification number for the project the following conditions must be satisfied: 1. The project must be completed. 2. Upon completion of the project, the taxpayer shall notify the State Historic Preservation Office and provide that office an opportunity to review, examine, and audit the project. In order to be certified, a project shall be completed in accordance with the previously approved plan and the Secretary of the Interior's "Standards for Rehabilitation." 3. Taxpayers restoring buildings not already listed on the National Register of Historic Places shall submit a complete National Register Nomination Form. If the nomination meets National Register criteria, the State Historic Preservation Office shall approve the nomination. The building must be listed in the National Register within 3 years of the approval of the complete project. 4. Projects must be completed and the $10,000 expenditure threshold met within 36 months of the original project approval. 5. During the course of the project and for three years thereafter, all work done on the building shall comply with the Secretary of the Interior's "Standards for Rehabilitation." Taxpayers must calculate the amount of credit claimed in Part C. Credit amounts greater than the amount of Utah tax due in the initial credit tax year may be carried forward to each of the following five taxable years. Historic preservation tax credits carried forward shall be applied against Utah tax due before the application of any historic preservation credits earned in the current year and on a first-earned, first-used basis. Do not send this form with your return. Keep this form and all related documents with your records. If you need further information, please contact the Utah State Tax Commission at 801-297-2200 or toll free 1-800-662-4335 if outside the Salt Lake City area.
Extracted from PDF file 2019-utah-form-tc-40h.pdf, last modified December 2003

More about the Utah Form TC-40H Individual Income Tax Tax Credit TY 2019

We last updated the Historic Preservation Tax Credit in February 2020, so this is the latest version of Form TC-40H, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form TC-40H directly from TaxFormFinder. You can print other Utah tax forms here.

Related Utah Individual Income Tax Forms:

TaxFormFinder has an additional 55 Utah income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Utah Form TC-40H.

Form Code Form Name
Form TC-40HD Employers Who Hire Persons With Disabilities Tax Credit (OBSOLETE)

Download all UT tax forms View all 56 Utah Income Tax Forms


Form Sources:

Utah usually releases forms for the current tax year between January and April. We last updated Utah Form TC-40H from the State Tax Commission in February 2020.

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Form TC-40H is an Utah Individual 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 Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Utah Form TC-40H

We have a total of nine past-year versions of Form TC-40H in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form TC-40H

TC-40H, Historic Preservation Tax Credit

2018 Form TC-40H

TC-40H, Historic Preservation Tax Credit

2017 Form TC-40H

TC-40H, Historic Preservation Tax Credit

2016 Form TC-40H

TC-40H, Historic Preservation Tax Credit

2015 Form TC-40H

TC-40H, Historic Preservation Tax Credit

Historic Preservation Tax Credit 2014 Form TC-40H

TC-40H, Historic Preservation Tax Credit

Historic Preservation Tax Credit 2013 Form TC-40H

TC-40H, Historic Preservation Tax Credit

2012 Form TC-40H

TC-40H, Historic Preservation Tax Credit

2011 Form TC-40H

TC-40H, Historic Preservation Tax Credit


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