The name of the applicant and the address of the property for which a tax credit is being sought are to be recorded on either a separate index card or a computer generated record by the local Assessment Office tax credit employee when an application is received initially. The recording of these two items on a separate card or record is required in order to maintain a current application status file for public inquiries and for record keeping controls concerning applications subsequently forwarded to the central office for individual review. Local tax credit personnel retaining the index card system may reuse the prior year's index cards for applicants previously in the program. In the larger tax credit application volume jurisdictions, a data processing generated listing of individual applicants may be substituted for the use of the index card system.