Form RP-042 Section 42 Tax Credit Property Questionnaire - Maryland

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Form RP-042 Section 42 Tax Credit Property Questionnaire - Maryland

What Is Form RP-042?

This is a legal form that was released by the Maryland Department of Assessments and Taxation - a government authority operating within Maryland. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form RP-042?
A: Form RP-042 is a questionnaire for Section 42 tax credit properties in Maryland.

Q: Who needs to complete Form RP-042?
A: Owners or managers of Section 42 tax credit properties in Maryland need to complete this form.

Q: What is a Section 42 tax credit property?
A: A Section 42 tax credit property is a rental property that provides affordable housing to low-income individuals and families.

Q: What is the purpose of Form RP-042?
A: The purpose of Form RP-042 is to collect information about the Section 42 tax credit property, including tenant income and compliance with program requirements.

Q: When is Form RP-042 due?
A: The due date for Form RP-042 varies, but it is typically required to be filed annually.

Q: What happens if I don't complete Form RP-042?
A: Failure to complete Form RP-042 or provide false information can result in penalties or the loss of tax credits for the property.

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Form Details:

  • Released on January 1, 2021;
  • The latest edition provided by the Maryland Department of Assessments and Taxation;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form RP-042 by clicking the link below or browse more documents and templates provided by the Maryland Department of Assessments and Taxation.

Download Form RP-042 Section 42 Tax Credit Property Questionnaire - Maryland

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