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About the Benefits Schedule - Combined Tax Credits

You can view the deal-level (all owners) or individual owner values at an annual or monthly level.

Note

The monthly benefits functionality might be turned off in your ProLinkAIM environment.

For most organizations, UT Actual Credits and UT Actual Losses will be hidden on deals because you can view income/loss at the fund-level.

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Edit the Benefit Year

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Click a Benefit Year row in the grid to open the corresponding edit screen.

Benefits Year Stream

The Benefits stream is based on the programs selected for the deal.

If LIHTC is a benefit type, then any other benefit types, except NMTC, will have the same benefits years systematically created.

If NMTC is a benefit type, and if a gap exists between LIHTC/HTC or STC benefits years and the NMTC benefits years, then the system will automatically create benefits year records for all intermediate years.

Create Additional Benefits Years

You can create additional benefits years for any deal.

  1. Navigate to the deal, and then select Benefits Schedule (under Accounting Summary) in the left navigation menu.

    The Benefits Schedule screen opens.

  2. Click New Year.

    The Add New Benefit Year popup opens.

  3. Enter the Year (YYYY).

    The year added does not need to be a consecutive year. You cannot duplicate existing years.

  4. Click Save and Close. 

Delete Benefits Years

You can delete benefit years that were manually created (years not created automatically by the system).

  1. Navigate to the deal, and then select Benefits Schedule (under Accounting Summary) in the left navigation menu.

    The Benefits Schedule screen opens.

  2. Click a Benefit Year row in the grid.

    The Edit Benefits Schedule screen opens.

  3. Click Delete in the top toolbar, and then click OK to confirm the deletion.

Calculations

Each benefit type will adhere to its specific rules and calculations. See the other sections: LIHTC, HTC, NMTC, STC, Other.

Total Benefits - Combined

The Total Benefit tab captures key information by Benefit Type in order to calculate the total amount of the Benefits generated on the deal. You can add or remove the programs that will be included in the deal. A grid is displayed for each selected program type.

Each benefit type will adhere to its specific rules and calculations. See the other sections: LIHTC, HTC, NMTC, STC, Other.

Edit the Benefits Schedule - Combined

The Edit Benefit screen is where you can manually enter benefit values (for values that are not calculated). A number of calculated fields can be overridden on the screen.

Each benefit type will adhere to its specific rules and calculations. See the other sections: LIHTC, HTC, NMTC, STC, Other.

In this section: