Important Changes to 2016 Partnership Forms

  • Individual listing of credits, except for taxes due to another state or jurisdiction, removed from Form 3 return due to the implementation of the Credit Manager Schedule.
  • The following credits have been added to Schedule 3K-1:
    • Certified Housing Development and Life Science Company
  • “Fill in if showing a loss” ovals used now instead of negative sign or parens.
  • Tax rate references changed to 5.1% from 5.15%