SECTION 8. SPECIAL RULES FOR

CEILING, CARRYOVER ALLOCATION, AND ALLOCATION DOCUMENT

The following special rules apply to the 2002 or 2003 commercial revitalization expenditure ceiling, to certain carryover al

.02 Time and manner for making a car- ryover allocation of commercial revitaliza- tion expenditure amounts .

(1) In general . A carryover allocation of commercial revitalization expenditure amounts is made for a qualified revitalization building when a carryover allocation document containing the information described in section 6.02(2) of this revenue procedure is completed, signed, and dated by an authorized official of the commercial revitalization agency. The agency must send a copy of the carryover allocation document to the taxpayer receiving the carryover allocation no later than 60 calendar days following the close of the calendar year in which the carryover allocation is made. Neither the original nor a copy of the carryover allocation document is to be sent to the Service.

(2) Information required in the carry- over allocation document . The carryover allocation document must include:

(a) The name, address, and taxpayer identification number of the commercial revitalization agency making the carryover allocation of the commercial revitalization expenditure amounts;

(b) The name, address, and taxpayer identification number of the taxpayer receiving the carryover allocation;

(c) The address of each qualified revitalization building in the project, or if none exists, a specific description of the location of each building;

(d) The date of the carryover allocation of the commercial revitalization expenditure amount;

(e) The commercial revitalization expenditure amount allocated to the qualified revitalization building in a singlebuilding project or to the multi-building project, as applicable, on that date;

(f) The taxpayer’s reasonably expected basis in the project (land and depreciable property) as of the close of the second calendar year following the calendar year in which the allocation is made;

(g) The date that each qualified revitalization building in the project is expected to be placed in service by the taxpayer; and

(h) A certification under penalties of perjury by an authorized official of the commercial revitalization agency that the official has examined the information in the carryover allocation document, and, to the best

of the official’s knowledge and belief, this information is true, correct, and complete.