Get the free PART 1: Section 42 Housing PART 2: Unit Conditions - Georgia

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TENANT CERTIFICATION OF HABITABILITY ___ GA ID___ Property Name___ leaseholder Name___ Unit #___ Daytime Contact Numbers this form to establish the habitability of a unit unavailable for inspection

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What is part 1 section 42?

Part 1 Section 42 refers to a specific section in the tax code dealing with low-income housing tax credits and the requirements surrounding their allocation and use.

Who is required to file part 1 section 42?

Entities that claim low-income housing tax credits under Section 42 of the Internal Revenue Code are required to file Part 1 Section 42.

How to fill out part 1 section 42?

To fill out Part 1 Section 42, taxpayers must provide detailed information about the property, the type of credits being claimed, and compliance with statutory requirements, following the specific instructions provided by the IRS.

What is the purpose of part 1 section 42?

The purpose of Part 1 Section 42 is to report and ensure compliance with the requirements for claiming low-income housing tax credits, which are aimed at increasing the availability of affordable housing.

What information must be reported on part 1 section 42?

Part 1 Section 42 requires reporting information such as the location of the property, the number of housing units, income limits, and compliance with rent restrictions.

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