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This version of the form is not currently in use and is provided for reference only. Download this version of
Form RP-042
for the current year.
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.
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.
