Tax Credit Form
DISTRICT OF COLUMBIA CERTIFIED INVESTOR TAX
CREDIT TRANSFER AFFIDAVIT
(This form must be completed by the certified investor and each insurer to whom credits are
transferred and must be filed with the Annual Notification of Credit Transfer (Form CPC 05−001).
Applies to Notification for Tax Year __________
• See instructions on back. (Page 2)
Name of Certified Investor Transferring Credits
Taxpayer's NAIC Number
Address
City
State
-Select One-
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virgin Islands
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Name of Contact Person
Zip Code
Phone Number
Fax No.
E−mail Address
Name of Insurer Receiving Transfer Credits
Taxpayer's NAIC Number
Address
City
State
-Select One-
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virgin Islands
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Name of Contact Person
Zip Code
Phone Number
Fax No.
E−mail Address
Date Of Transfer
. .
ORIGINAL
AMOUNT OF INVESTMENT
CAPCO THAT
RECEIVED INVESTMENT
TOTAL CREDITS TO BE
TRANSFERRED TO THIS INSURER
(Whole dollars only)
PROPORTIONATE SHARE OF
CREDIT AVAILABLE TO THIS
INSURER PER TAX YEAR
(Whole dollars only)
Once filed with the Annual Notification of Credit Transfer, this affidavit cannot be revoked for any reason.
Insurers receiving a transfer of CAPCO credits are limited to using their proportionate share of the CAPCO credits that
the original certified investor would have been entitled to use during a tax year.
This form is due no later than 15 days following the sale or transfer of the tax credits.
For the Certified Investor:
Printed Name
Phone Number
Sign Here
(use Initials)
For the Transferee:
Printed Name
Phone Number
Sign Here
(use Initials)
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Form CPC 05−002 (Back)(Rev.
6/2009)
INSTRUCTIONS
EXAMPLE of Maximum Annual Credit Allowed Determination:
Company A (certified investor) has $4 million in tax credits and is therefore entitled to use a maximum of $1 million in tax
credits per year over 4 years. Company A is only able to use $500,000 in the first year of the credits, but is allowed to roll
the unused $500,000 forward to future years.
For the second tax year, Company A has a balance of $3.5 million in tax credits and is allowed to use a maximum of $1 million
in tax credits that year, except that it transfers $1 million in credits to Company B and $1 million in credits to Company C. In
the subsequent tax years, the total allowable credits are $1 million between the three companies. Assuming that beginning in
Year 2, the three companies use the maximum annual credit allowed, the credits would be applied as follows
Company
CREDIT BALANCE
MAXIMUM ANNUAL CREDIT ALLOWED
Year 2
A
B
C
$1,500,000
$1,000,000
$1,000,000
$ 333,334
($500,000 carries forward to
future years)
333,333
333,333
$1,000,000
Year 3
$1,166,666
666,667
666,667
$
A
B
C
333,332
333,334
333,334
$
1,000,000
Year 4
$
A
B
C
833,332
333,334
333,334
333,332
333,334
333,334
$
$
1,000,000
Year 5
$
500,000
A
B
C
$500,000
(unused balance from year 1)
0
0
0
0
$500,000
Questions regarding submission of the Annual Notification of Credit Transfer or the Transfer Affidavit should be directed
to:
Mr. Alvin James, Financial Economist
Phone: .....(202) 442−7772
Email:........ alvin.james@dc.gov
MAIL INQUIRY TO:
Mr. Alvin James
Financial Economist
District of Columbia
Department of Insurance
Securities and Banking
810 First Street, NE, Suite 701
Washington, DC 20002
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