American Tax Credit Properties Ii L P (ATCIIX) Inactive 10-K27 Jun 142014 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Mar. 30, 2014	Jun. 27, 2014
Document and Entity Information	'	'
Entity Registrant Name	'AMERICAN TAX CREDIT PROPERTIES II L P	'
Document Type	'10-K	'
Document Period End Date	30-Mar-14	'
Amendment Flag	'false	'
Entity Central Index Key	'0000842314	'
Current Fiscal Year End Date	'--03-30	'
Entity Common Stock, Shares Outstanding	'	55,746
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'FY	'
Entity Public Float	'	$0

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Mar. 30, 2014	Mar. 30, 2013
BALANCE SHEETS	'	'
Cash and cash equivalents	$375,716	$3,740,022
Investment in Pemberwick Fund - a short duration bond fund	6,149,426	2,807,679
Total cash and liquid investments	6,525,142	6,547,701
Due from local partnerships	64,864	'
Total assets	6,590,006	6,547,701
Accounts payable and accrued expenses	59,033	88,601
Payable to general partner and affiliates	25,276	119,966
Total liabilities	84,309	208,567
Commitments and contingencies	'	'
General partner	-427,922	-429,697
Limited partners (55,746 units of limited partnershipinterest outstanding)	6,912,860	6,737,142
Accumulated other comprehensive income	20,759	31,689
Total equity (deficit)	6,505,697	6,339,134
Total liabilities & equity (deficit)	$6,590,006	$6,547,701

BALANCE_SHEETS_PARENTHETICAL

BALANCE SHEETS PARENTHETICAL	Mar. 30, 2014	Mar. 30, 2013
BALANCE SHEETS PARENTHETICAL	'	'
Units of limited partnership interest outstanding	55,746	55,746

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
STATEMENTS OF OPERATIONS (USD $)	Mar. 30, 2014	Mar. 30, 2013
STATEMENTS OF OPERATIONS	'	'
Interest	$53,584	$41,146
Other income from local partnerships	380,858	15,948
TOTAL REVENUE	434,442	57,094
Administration fees - affiliate	110,337	144,036
Management fees - affiliate	110,337	144,036
Professional fees	51,399	81,453
State of New Jersey filing fee	46,834	49,970
Printing, postage and other	35,589	26,056
TOTAL EXPENSES	354,496	445,551
INCOME (LOSS) PRIOR TO EQUITY IN INCOME OF INVESTMENT IN LOCAL PARTNERSHIPS AND GAIN ON SALE OF LIMITED PARTNER INTERESTS/LOCAL PARTNERSHIP PROPERTIES	79,946	-388,457
Equity in income of investment in local partnerships	'	206,132
INCOME (LOSS) PRIOR TO GAIN ON SALE OF LIMITED PARTNER INTERESTS/LOCAL PARTNERSHIP PROPERTIES	79,946	-182,325
GAIN ON SALE OF LIMITED PARTNER INTERESTS/LOCAL PARTNERSHIP PROPERTIES	97,547	2,338,961
NET INCOME	177,493	2,156,636
General partner net income	1,775	21,566
Limited partners net income	$175,718	$2,135,070
NET INCOME per unit of limited partnership interest (55,746 units of limited partnership interest)	$3.15	$38.30

STATEMENTS_OF_COMPREHENSIVE_IN

STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	Mar. 30, 2014	Mar. 30, 2013
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'
NET INCOME	$177,493	$2,156,636
Other comprehensive income (loss) - Pemberwick Fund	-10,930	27,744
COMPREHENSIVE INCOME	$166,563	$2,184,380

STATEMENTS_OF_CHANGES_IN_PARTN

STATEMENTS OF CHANGES IN PARTNERS' EQUITY (DEFICIT) (USD $)	General Partner	Limited Partners	Accumulated Other Comprehensive Income (Loss)	Total
Partners' equity (deficit) at Mar. 30, 2012	($451,263)	$4,602,072	$3,945	$4,154,754
Net income	21,566	2,135,070	'	2,156,636
Other comprehensive income (loss) - Pemberwick Fund	'	'	27,744	27,744
Partners' equity (deficit) at Mar. 30, 2013	-429,697	6,737,142	31,689	6,339,134
Net income	1,775	175,718	'	177,493
Other comprehensive income (loss) - Pemberwick Fund	'	'	-10,930	-10,930
Partners' equity (deficit) at Mar. 30, 2014	($427,922)	$6,912,860	$20,759	$6,505,697

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
STATEMENTS OF CASH FLOWS (USD $)	Mar. 30, 2014	Mar. 30, 2013
STATEMENTS OF CASH FLOWS	'	'
Interest received	$53,584	$41,146
Cash paid for administration fees	-157,674	-149,945
Cash paid for management fees	-157,690	-165,415
Cash paid for professional fees	-79,227	-76,314
Cash paid for State of New Jersey filing fee	-44,588	-46,354
Cash paid for printing, postage and other expenses	-39,575	-21,842
Net cash used in operating activities	-425,170	-418,724
Investments in Pemberwick Fund	-3,352,677	-38,476
Redemptions from Pemberwick Fund	'	372,387
Distributions received from local partnerships	365,125	53,448
Proceeds in connection with sale of limited partner interests/local partnership properties	48,416	3,740,341
Net cash provided by (used in) investing activities	-2,939,136	4,127,700
Net increase (decrease) in cash and cash equivalents	-3,364,306	3,708,976
Cash and cash equivalents at beginning of year	3,740,022	31,046
CASH AND CASH EQUIVALENTS AT END OF YEAR	375,716	3,740,022
Unrealized gain (loss) on investment in Pemberwick Fund	-10,930	27,744
Increase in due from local partnerships included in gain on sale of limited partner interests/local partnership properties	49,131	'
Increase in due from local partnerships included in other income from local partnerships	$15,733	'

STATEMENTS_OF_CASH_FLOWS_CONTI

STATEMENTS OF CASH FLOWS - CONTINUED (USD $)	12 Months Ended
STATEMENTS OF CASH FLOWS - CONTINUED (USD $)	Mar. 30, 2014	Mar. 30, 2013
STATEMENTS OF CASH FLOWS - CONTINUED	'	'
Net income	$177,493	$2,156,636
Equity in income of investment in local partnerships	'	-206,132
Gain on sale of limited partner interests/local partnership properties	-97,547	-2,338,961
Other income from local partnerships	-380,858	-15,948
Increase (decrease) in accounts payable and accrued expenses	-29,568	12,969
Decrease in payable to general partner and affiliates	-94,690	-27,288
NET CASH USED IN OPERATING ACTIVITIES	($425,170)	($418,724)

1_Organization_Purpose_and_Sum

1. Organization, Purpose and Summary of Significant Accounting Policies	12 Months Ended
	Mar. 30, 2014
Notes	'
1. Organization, Purpose and Summary of Significant Accounting Policies	'
	1. Organization, Purpose and Summary of Significant Accounting Policies

	American Tax Credit Properties II L.P. (the "Partnership") was formed on October 26, 1988 and the Certificate of Limited Partnership of the Partnership was filed under the Delaware Revised Uniform Limited Partnership Act. There was no operating activity until admission of the limited partners (the “Limited Partners”) on June 28, 1989. The Partnership was formed to invest primarily in leveraged low-income multifamily residential complexes (the "Property" or "Properties") that qualified for the low-income housing tax credit (the “Low-income Housing Tax Credit”) in accordance with Section 42 of the Internal Revenue Code (the “IRC”), through the acquisition of limited partner equity interests (the "Local Partnership Interests") in partnerships (the "Local Partnership" or "Local Partnerships") that are the owners of the Properties. The Partnership invested in one Local Partnership whose Property also qualified for the historic rehabilitation tax credit in accordance with IRC Section 47. Such interests were acquired in 1989 and 1990. Richman Tax Credit Properties II L.P. (the "General Partner") was formed on October 26, 1988 to act as the General Partner of the Partnership.

	Basis of Accounting and Fiscal Year

	The Partnership's records are maintained on the accrual basis of accounting for both financial reporting and tax purposes. For financial reporting purposes, the Partnership's fiscal year ends March 30 and its quarterly periods end June 29, September 29 and December 30. The Local Partnerships have a calendar year for financial reporting purposes. The Partnership and the Local Partnerships each have a calendar year for income tax purposes.

	Investment in Local Partnerships

	The Partnership accounts for its investment in local partnerships in accordance with the equity method of accounting, under which the investment is carried at cost and is adjusted for the Partnership's share of each Local Partnership’s results of operations and by cash distributions received. Equity in loss of each investment in Local Partnership allocated to the Partnership is recognized to the extent of the Partnership’s investment balance in each Local Partnership. Equity in loss in excess of the Partnership's investment balance in a Local Partnership is allocated to other partners' capital in any such Local Partnership. Previously unrecognized equity in loss of any Local Partnership is recognized in the fiscal year in which equity in income is earned by such Local Partnership or additional investment is made by the Partnership. Distributions received subsequent to the elimination of an investment balance for any such investment in a Local Partnership are recorded as other income from local partnerships. As a result of cumulative equity losses and distributions and the sale of certain Local Partnerships’ Properties and/or the Partnership’s Local Partnership Interests, the Partnership’s investment in local partnerships reached a zero balance during the year ended March 30, 2013.

	The Partnership assessed the carrying value of its investment in local partnerships at least annually in the fourth quarter of its fiscal year or whenever there were indications that a permanent impairment may have occurred. If the carrying value of an investment in a Local Partnership exceeded the estimated value derived by management, the Partnership reduced its investment in any such Local Partnership (unless the impairment was considered to be temporary) and included such reduction in equity in loss of investment in local partnerships. Impairment was measured by comparing the investment carrying amount to the estimated residual value of the investment.

	The Partnership does not consolidate the accounts and activities of the Local Partnerships, which are considered Variable Interest Entities as defined by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810; Subtopic 10, because the Partnership is not considered the primary beneficiary. The Partnership's balance in investment in local partnerships represents the maximum exposure to loss in connection with such investments. The Partnership's exposure to loss on the Local Partnerships is mitigated by the condition and financial performance of the underlying Properties as well as the financial strength of the local general partners (the “Local General Partners”). In addition, the Local Partnerships’ partnership agreements grant the Local General Partners the power to direct the activities that most significantly impact the Local Partnerships’ economic success. As described above, the Partnership’s investment in local partnerships has a zero balance.

	Advances and additional capital contributions (collectively the “Advances”) that are not required under the terms of the Local Partnerships’ partnership agreements but which are made to the Local Partnerships are recorded as investment in local partnerships. Certain Advances are considered by the Partnership to be voluntary loans to the respective Local Partnerships and the Partnership may be reimbursed at a future date to the extent such Local Partnerships generate distributable cash flow or receive proceeds from sale or refinancing.

	Cash and Cash Equivalents

	The Partnership considers all highly liquid investments purchased with an original maturity of three months or less at the date of acquisition to be cash equivalents. Cash and cash equivalents are stated at cost, which approximates market value.

	Fair Value Measurements

	ASC Topic 820 clarifies the principle that fair value should be based on the assumptions that market participants would use when pricing the asset or liability and establishes the following fair value hierarchy:

	· Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Partnership has the ability to access;

	· Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as interest rates and yield curves that are observable at commonly quoted intervals; and

	· Level 3 inputs are unobservable inputs for the asset or liability that are typically based on an entity’s own assumptions as there is little, if any, related market activity.

	For instances in which the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the fair value measurement will fall within the lowest level input that is significant to the fair value measurement in its entirety.

	Investment in Pemberwick Fund

	The Partnership carries its investment in Pemberwick Fund (”Pemberwick”), an investment grade institutional short duration bond fund, at estimated fair value. Realized capital gains (losses) are included in (offset against) interest revenue. Investment in Pemberwick is classified as available-for-sale and unrealized gains (losses) are included as items of comprehensive income (loss) and are reported as a separate component of partners' equity (deficit).

	Income Taxes

	The Partnership is a pass-through entity for income tax purposes and, as such, is not subject to income taxes. Rather, all items of taxable income and deductions are passed through to and are reported by its partners on their respective income tax returns. The Partnership’s federal tax status as a pass-through entity is based on its legal status as a partnership. Accordingly, the Partnership is not required to take any tax positions in order to qualify as a pass-through entity. The Partnership is required to file and does file tax returns with the Internal Revenue Service (“IRS”) and other taxing authorities. Income tax returns filed by the Partnership are subject to examination by the IRS for a period of three years. While no Partnership income tax returns are currently being examined by the IRS, tax years subsequent to 2009 remain subject to examination. These financial statements do not reflect a provision for income taxes and the Partnership has no other tax positions which must be considered for disclosure. In accordance with ASC Topic 740; Subtopic 10, the Partnership has included in Note 7 disclosures related to differences in the financial and tax bases of accounting.

	Use of Estimates

	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

2_Capital_Contributions

2. Capital Contributions	12 Months Ended
2. Capital Contributions	Mar. 30, 2014
Notes	'
2. Capital Contributions	'
	2. Capital Contributions

	On June 14, 1989, the Partnership commenced the offering of units (the "Units") through Merrill Lynch, Pierce, Fenner & Smith Incorporated (the "Selling Agent"). On June 28, 1989, July 31, 1989 and September 22, 1989, under the terms of the Amended and Restated Agreement of Limited Partnership of the Partnership (the "Partnership Agreement"), the General Partner admitted the Limited Partners to the Partnership in three closings. At these closings, subscriptions for a total of 55,746 Units representing $55,746,000 in Limited Partners' capital contributions were accepted. In connection with the offering of Units, the Partnership incurred organization and offering costs of $6,534,064, of which $75,000 was capitalized as organization costs and $6,459,064 was charged to the Limited Partners' equity as syndication costs. The General Partner contributed $100 to the Partnership.

	Net income (loss) is allocated 99% to the Limited Partners and 1% to the General Partner in accordance with the Partnership Agreement. The Partnership paid nonresident state withholding taxes of $31,810 on behalf of certain of the Limited Partners in April 2014 in connection with gains recognized by a Local Partnership for the year ended December 31, 2013.

3_Cash_and_Cash_Equivalents

3. Cash and Cash Equivalents	12 Months Ended
3. Cash and Cash Equivalents	Mar. 30, 2014
Notes	'
3. Cash and Cash Equivalents	'
	3. Cash and Cash Equivalents

	As of March 30, 2014, the Partnership has $375,716 in cash and cash equivalents. Of such amount, $330,203 is held in accounts at two financial institutions in which such accounts are insured up to $250,000 by the Federal Deposit Insurance Corporation (“FDIC”). The entire amount is FDIC insured as of March 30, 2014. The remaining $45,513 is held in an account at a financial institution in which such amount is invested in a portfolio of securities that are direct obligations of the U.S. Treasury and are backed by the full faith and credit of the United States of America.

4_Investment_in_Pemberwick_Fun

4. Investment in Pemberwick Fund	12 Months Ended
4. Investment in Pemberwick Fund	Mar. 30, 2014
Notes	'
4. Investment in Pemberwick Fund	'
	4. Investment in Pemberwick Fund

	The Partnership carries its investment in Pemberwick, an investment grade institutional short duration bond fund, at estimated fair value. Pemberwick was organized in February 2010 as a non-diversified open-end management investment company registered under the Investment Company Act of 1940, as amended, that seeks maximum current income consistent with liquidity and stability of principal. In selecting a portfolio of securities for Pemberwick, the investment advisor of Pemberwick (the “Advisor”) will select investments so that Pemberwick’s assets will be rated “A-” or better by a nationally recognized statistical rating organization (“NRSRO”) such as Moody’s Investor Services, Inc. (“Moody’s”) and/or by Standard & Poor’s Financial Services, LLC (“S&P”) (or if commercial paper rated in the highest category) or, if a rating is not available, deemed to be of comparable quality by the Advisor, or securities issued by banking institutions operating in the United States and having assets in excess of $200 billion. Approximately 90% or more of Pemberwick’s assets will either be invested in securities rated AA or better (if commercial paper rated in the highest category) by a NRSRO or in securities of banking institutions operating in the United States and having assets in excess of $200 billion.

	The weighted average duration of Pemberwick’s assets is approximately 1.92 years as of March 30, 2014. Redemptions from Pemberwick are immediately liquid and unrestricted. Pemberwick’s net asset value (“NAV”) is $10.07 and $10.12 per share as of March 30, 2014 and 2013, respectively. The Partnership’s investment in Pemberwick as of March 30, 2014 and 2013 is $6,149,426 and $2,807,679, respectively. An unrealized gain of $20,759 as of March 30, 2014 is reflected as accumulated other comprehensive income in the accompanying balance sheet as of March 30, 2014. The Partnership has earned $178,004 of interest revenue from its investment in Pemberwick as of March 30, 2014. The fair value of the Partnership’s investment in Pemberwick is classified within Level 1 of the fair value hierarchy of the guidance on Fair Value Measurements (see Note 1). Pemberwick’s NAV was $10.09 as of May 31, 2014.

	The Advisor is an affiliate of the General Partner. For its services, the Advisor is entitled to receive an annual advisory fee of 0.50% of the average daily net assets of Pemberwick. The Advisor may, in its discretion, voluntarily waive its fees or reimburse certain Pemberwick expenses; however, the Advisor is not required to do so. The Advisor has waived 70% of its fee earned since Pemberwick’s inception and earned $7,799 and $4,487 in connection with the Partnership’s investment in Pemberwick for the years ended March 30, 2014 and 2013, respectively, enough to cover its direct costs. The Advisor’s asset management affiliate, Richman Asset Management, Inc. (“RAM”) has agreed to reduce its administration and management fees (see Note 6) payable by the Partnership to the extent any fee of the Advisor payable by Pemberwick would be duplicative of any profit that RAM would receive from the Partnership.

5_Investment_in_Local_Partners

5. Investment in Local Partnerships	12 Months Ended
5. Investment in Local Partnerships	Mar. 30, 2014
Notes	'
5. Investment in Local Partnerships	'
	5. Investment in Local Partnerships

	The Partnership initially acquired a Local Partnership Interest in fifty Local Partnerships. As of March 30, 2014, the Partnership owns a Local Partnership Interest in the following nineteen Local Partnerships (see discussion below regarding Queen Lane Investors’ sale of its underlying Property):

	1.	1989 Westview Arms Limited Partnership;
	2.	Batesville Family, L.P.;
	3.	Browning Road Phase I, L.P.;
	4.	Canton Partners, L.P.;
	5.	De Queen Villas Limited Partnership;
	6.	Eudora Manor Limited Partnership;
	7.	Hill Com I Associates Limited Partnership;
	8.	Hill Com II Associates Limited Partnership;
	9.	Lakeside Housing Limited Partnership;
	10.	Lawrence Road Properties, Ltd.;
	11.	Lexington Estates Ltd., A Mississippi Limited Partnership;
	12.	Littleton Avenue Community Village, L.P. (“Littleton”);
	13.	Lula Courts Ltd., L.P.;
	14.	Magee Elderly, L.P.;
	15.	Patton Place Limited Partnership;
	16.	Purvis Heights Properties, L.P.;
	17.	Queen Lane Investors (“Queen Lane”);
	18.	Tchula Courts Apartments, L.P.; and
	19.	Village Creek Limited Partnership.


	Although the Partnership generally owns a 99% Local Partnership Interest in the remaining Local Partnerships, the Partnership acquired along with American Tax Credit Properties III L.P. ("ATCP III"), an investment partnership whose general partner is an affiliate of the General Partner, a 99% Local Partnership Interest in the following Local Partnerships:

		The
		Partnership	ATCP III

	Batesville Family, L.P.	37.25%	61.75%
	Lawrence Road Properties, Ltd.	37.25	61.75
	Purvis Heights Properties, L.P.	37.25	61.75
	Queen Lane Investors	50.5	48.5

	In connection with the initial purchase of fifty Local Partnership Interests, under the terms of the partnership agreement of each Local Partnership, as of March 30, 2014 the Partnership is committed to make capital contributions in the aggregate of $48,460,126, which includes Advances to certain Local Partnerships and all of which has been paid.

	The remaining Properties are principally comprised of subsidized and leveraged low-income multifamily residential complexes located throughout the United States. The required holding period of each Property, in order to avoid Low-income Housing Tax Credit recapture, is fifteen years from the year in which the Low-income Housing Tax Credits commence on the last building of the Property (the “Compliance Period”). The Compliance Periods of all the Local Partnerships expired in a prior year. The rents of the Properties, certain of which receive project based rental subsidy payments pursuant to subsidy agreements, are subject to specific laws, regulations and agreements with federal and state agencies. The subsidies expire at various times. The Partnership cannot predict legislative initiatives and governmental budget negotiations, the outcome of which could result in a reduction in funds available for the various federal and state administered housing programs. Such changes could adversely affect the future net operating income and debt structure of the Local Partnerships receiving such subsidies. As of December 31, 2013, the Local Partnerships have outstanding mortgage loans payable totaling approximately $30,025,000 and accrued interest payable on such loans totaling approximately $5,585,000, which are secured by security interests and liens common to mortgage loans on the Local Partnerships' real property and other assets.


	For the year ended March 30, 2013, the investment in local partnerships activity consists of the following:

	Investment in local partnerships as of March 30, 2012		$ 1,195,248

	Distributions from Local Partnerships		(15,948)

	Distributions classified as other income		15,948

	Sales proceeds applied against investment balance		(1,401,380)

	Equity in income of investment in local partnerships		206,132

	Investment in local partnerships as of March 30, 2013		$ --

	During the year ended March 30, 2014, the Partnership sold its Local Partnership Interest in Trenton Heights Apartments, L.P. (“Trenton Heights”) to an affiliate of the Local General Partner of Trenton Heights; the Partnership received $20,000 in connection with the sale. Such amount is included in gain on sale of limited partner interests/local partnership properties in the accompanying statement of operations and comprehensive income (loss) of the Partnership for the year ended March 30, 2014.

	During the year ended March 30, 2014, Queen Lane sold its underlying Property to its first mortgage lender under the terms of an Option to Purchase and Right of First Offer, in connection with which Queen Lane recognized a gain of $2,042,871; such amount is reflected as gain on sale of property in the combined statement of operations of the Local Partnerships for the year ended December 31, 2013 herein Note 5. The Partnership received no proceeds in connection with the sale. The Local General Partner of Queen Lane intends to dissolve Queen Lane as soon as possible.

	During the year ended March 30, 2014, the Partnership sold its Local Partnership Interests in Bruce Housing Associates, L.P. (“Bruce Housing”), Ivy Family, L.P. (“Ivy Family”), Plantersville Family, L.P., Renova Properties, L.P., Simpson County Family, L.P. and Twin Pine Family, L.P. to an affiliate of the Local General Partner of such Local Partnerships for a total of $28,416; such amount is included in gain on sale of limited partner interests/local partnership properties in the accompanying statement of operations and comprehensive income (loss) of the Partnership for the year ended March 30, 2014. In addition, the Partnership received $32,938 for distributions that were due to the Partnership under the terms of the partnership agreements of such Local Partnerships; such amount is included in other income from local partnerships in the accompanying statement of operations and comprehensive income (loss) of the Partnership for the year ended March 30, 2014 (see Note 1). Such Local Partnerships have the same Local General Partner. The 99% Local Partnership Interests in Bruce Housing and Ivy Family were acquired along with ATCP III (see discussion above herein Note 5), whereby Registrant owned 37.25%. ATCP III sold its interest in Bruce Housing and Ivy Family as part of the same transaction.

	During the year ended March 30, 2014, the Partnership sold its Local Partnership Interest in Auburn Hills Apartments Limited Partnership (“Auburn Hills”) to an affiliate of the Local General Partner of Auburn Hills. Although the Partnership received no proceeds in connection with the sale, the Partnership received $1,500 in April 2014 for distributions that were due to the Partnership under the terms of the partnership agreement of Auburn Hills. Such amount is included in due from local partnerships in the accompanying balance sheet of the Partnership as of March 30, 2014 and in other income from local partnerships in the accompanying statement of operations and comprehensive income (loss) of the Partnership for the year then ended (see Note 1).

	During the year ended March 30, 2014, the Partnership sold its Local Partnership Interests in Eagle View, Ltd. and Summers Village Limited Partnership to the Local General Partner of such Local Partnerships or affiliates thereof for a total of $20,767; such amount is included in gain on sale of limited partner interests/local partnership properties in the accompanying statement of operations and comprehensive income (loss) of the Partnership for the year ended March 30, 2014. In addition, the Partnership received $14,233 for distributions that were due to the Partnership under the terms of the partnership agreements of such Local Partnerships; such amount is included in other income from local partnerships in the accompanying statement of operations and comprehensive income (loss) of the Partnership for the year ended March 20, 2014 (see Note 1). The total proceeds of $35,000 were received in April 2014 and are included in due from local partnerships in the accompanying balance sheet of the Partnership as of March 30, 2014. The Local General Partners of such Local Partnerships are affiliates of each other.

During the year ended March 30, 2014, the Partnership sold its Local Partnership Interest in Santa Juanita Limited Dividend Partnership (“Santa Juanita”) to an affiliate of the Local General Partner of Santa Juanita; there were no proceeds in connection with the sale. The 99% Local Partnership Interest in Santa Juanita was acquired along with American Tax Credit Properties L.P. (“ATCP”), another investment partnership whose general partner is an affiliate of the General Partner, whereby Registrant owned 64.36%. ATCP sold its interest in Santa Juanita as part of the same transaction.

During the year ended March 30, 2013, the Partnership sold its Local Partnership Interest in North Hills Farms Limited Partnership (“North Hills Farms”) to affiliates of the Local General Partners of North Hills Farms for $3,586,431 under the terms of a purchase agreement (the “North Hills Farms Purchase Agreement”). The Partnership recognized a gain of $2,185,051 in connection with the sale; such amount is included in gain on sale of limited partner interests/local partnership properties in the accompanying statement of operations and comprehensive income (loss) of the Partnership for the year ended March 30, 2013. After further resolution of North Hills Farms’ accounts under the terms of the North Hills Farms Purchase Agreement, the sale price was increased by $28,364; such amount is included in due from local partnerships in the accompanying balance sheet of the Partnership as of March 30, 2014 and in gain on sale of limited partner interests/local partnership properties in the accompanying statement of operations and comprehensive income (loss) of the Partnership for the year then ended. After such sale and as a result of cumulative equity losses, distributions and the sale of certain Local Partnerships’ Properties and/or the Partnership’s Local Partnership Interests, the Partnership’s investment in local partnerships reached a zero balance as of March 30, 2013.

During the year ended March 30, 2013, the Partnership sold its Local Partnership Interest in Mirador del Toa Limited Partnership (“Mirador del Toa”) to an affiliate of the Local General Partner of Mirador del Toa for $19,241; such amount is included in gain on sale of limited partner interests/local partnership properties in the accompanying statement of operations and comprehensive income (loss) of the Partnership for the year ended March 30, 2013. After accounting for its share of cumulative income, losses and distributions, the Partnership’s investment in Mirador del Toa had reached a zero balance prior to the sale. The 99% Local Partnership Interest in Mirador del Toa was shared with ATCP III (see discussion above herein Note 5), whereby the Partnership owned 39.94%. ATCP III sold its interest in Mirador del Toa as part of the same transaction.

During the year ended March 30, 2013, the Partnership sold its Local Partnership Interests in Cleveland Square, Ltd. and Corrigan Square, Ltd. to an affiliate of the Local General Partners of such Local Partnerships for a total of $79,200; such amount is included in gain on sale of limited partner interests/local partnership properties in the accompanying statement of operations and comprehensive income (loss) of the Partnership for the year ended March 30, 2013. Such Local Partnerships have the same Local General Partner. After accounting for its share of cumulative income, losses and distributions, the Partnership’s investment in such Local Partnerships had reached a zero balance prior to the sale.

During the year ended March 30, 2010, Harborside Housing Limited Partnership (“Harborside”) sold its underlying Property to an unaffiliated third party, in connection with which the Partnership had received $3,917,439 as of March 30, 2012. Upon final resolution of Harborside’s accounts, the Partnership received an additional $55,469 during the year ended March 30, 2013; such amount is included in gain on sale of limited partner interests/local partnership properties in the accompanying statement of operations and comprehensive income (loss) of the Partnership for the year ended March 30, 2013. Harborside has been dissolved. After accounting for its share of cumulative income, losses and distributions, the Partnership’s investment in Harborside reached a zero balance in a prior year.

The non-mandatory mortgages of Littleton matured in October 2006 but have not been repaid or formally extended. In May 2014, the first mortgage holder issued a declaration of default demanding Littleton’s immediate payment of an amount in excess of 6,500,000$6.5 million. Such amount includes all unpaid principal and accrued interest to date and amounts for real estate tax liens that had been sold to third parties and were redeemed by the lender. Unpaid principal and accrued interest on the second mortgage as of June 2014 is in excess of 3,100,000$3.1 million. Littleton’s Local General Partner reports that a refinancing of the mortgages is unlikely.

Equity in loss of investment in local partnerships is limited to the Partnership’s investment balance in each Local Partnership; any excess is applied to other partners' capital in any such Local Partnership (see Note 1). The amount of such excess losses applied to other partners’ capital was $1,405,825 and $949,102 for the years ended December 31, 2013 and 2012, respectively, as reflected in the combined statements of operations of the Local Partnerships herein Note 5.

The Partnership’s investment in local partnerships reached a zero balance during the year ended March 30, 2013 (see Note 1). The amounts reflected as the Partnership’s investment balance in the combined balance sheets of the Local Partnerships herein Note 5 represent cumulative carrying value adjustments made by the Partnership (see Note 1).

The combined balance sheets of the Local Partnerships as of December 31, 2013 and 2012 and the combined statements of operations of the Local Partnerships for the years then ended are reflected on pages 34 and 35, respectively. The combined balance sheets of the Local Partnerships as of December 31, 2013 and 2012 do not include any balances in connection with the Local Partnerships in which the Partnership no longer owns an interest as of such dates, while the combined statements of operations of the Local Partnerships for the years then ended include the results of operations of such Local Partnerships for the period prior to the sales or other dispositions (see discussion above herein Note 5).

The combined balance sheets of the Local Partnerships as of December 31, 2013 and 2012 are as follows:

	2013	2012

ASSETS

Cash and cash equivalents	$ 1,596,159	$ 1,853,612
Rents receivable	227,426	179,281
Escrow deposits and reserves	3,302,594	3,425,097
Land	1,770,266	1,927,755
Buildings and improvements (net of accumulated depreciation of $40,403,938 and $43,708,700)
	16,732,919	20,238,659
Intangible assets (net of accumulated amortization of $15,938 and $11,192)
	146,938	151,684
Other assets	719,227	744,567

Total assets	$ 24,495,529	$ 28,520,655

LIABILITIES AND PARTNERS' EQUITY (DEFICIT)

Liabilities

Accounts payable and accrued expenses	$ 1,354,945	$ 1,940,389
Due to related parties	692,680	763,364
Mortgage loans	30,024,883	35,248,458
Notes payable	967,945	749,380
Accrued interest	5,584,978	5,566,978
Other liabilities	328,830	305,236

Total liabilities	38,954,261	44,573,805

Partners' equity (deficit)

American Tax Credit Properties II L.P.
Capital contributions, net of distributions	12,195,903	13,453,690
Cumulative loss	-10,862,708	-12,120,495

Total American Tax Credit Properties II L.P.	1,333,195	1,333,195

General partners and other limited partners
Capital contributions, net of distributions	86,600	1,057,253
Cumulative loss	-15,878,527	-18,443,598

Total General partners and other limited partners	-15,791,927	-17,386,345

Total equity (deficit)	-14,458,732	-16,053,150

Total liabilities & equity (deficit)	$ 24,495,529	$ 28,520,655

The combined statements of operations of the Local Partnerships for the years ended December 31, 2013 and 2012 are as follows:

	2013	2012

REVENUE

Rental	$ 10,255,263	$ 14,064,341
Interest and other	184,944	320,238

TOTAL REVENUE	10,440,207	14,384,579

EXPENSES

Administrative	2,819,444	3,201,179
Utilities	1,238,506	1,970,815
Operating and maintenance	2,813,899	3,774,473
Taxes and insurance	1,191,410	1,612,742
Financial	1,533,749	1,535,690
Depreciation and amortization	1,850,532	2,584,077

TOTAL EXPENSES	11,447,540	14,678,976

LOSS BEFORE GAIN ON SALE OF PROPERTY	-1,007,333	-294,397

GAIN ON SALE OF PROPERTY	2,042,871	--

NET INCOME (LOSS)	$ 1,035,538	$ (294,397)

NET INCOME (LOSS) ATTRIBUTABLE TO

American Tax Credit Properties II L.P.	$ --	$ 206,132
General partners and other limited partners (includes Partnership losses in excess of investment of $1,405,825 and $949,102 and specially allocated income of $1,300,164 and $366,144)
	1,035,538	-500,529

	$ 1,035,538	$ (294,397)

6_Transactions_With_General_Pa

6. Transactions With General Partner and Affiliates	12 Months Ended
6. Transactions With General Partner and Affiliates	Mar. 30, 2014
Notes	'
6. Transactions With General Partner and Affiliates	'
	6. Transactions with General Partner and Affiliates

	Pursuant to the terms of the Partnership Agreement, the Partnership incurs an annual management fee (the “Management Fee”) and an annual additional management fee (the “Additional Management Fee”) payable to the General Partner for its services in connection with the management of the affairs of the Partnership. The annual Management Fee is equal to the greater of $100,000 or .14% of Invested Assets (as such term is defined in the Partnership Agreement) , while the annual Additional Management Fee is equal to .06% of Invested Assets. The cumulative total of the management fees and administration fees (see discussion below herein Note 6) is limited to 0.5% of Invested Assets. The Partnership incurred Management Fees of $89,442 and $100,825 for the years ended March 30, 2014 and 2013, respectively, and Additional Management Fees of $20,895 and $43,211 for the years ended March 30, 2014 and 2013, respectively. Such amounts are aggregated and reflected under the caption management fees - affiliate in the accompanying statements of operations and comprehensive income (loss). Unpaid Management Fees and Additional Management Fees in the cumulative amount of $14,538 and $61,891 are included in payable to general partner and affiliates in the accompanying balance sheets as of March 30, 2014 and 2013, respectively.

	In addition, pursuant to the terms of the Partnership Agreement, the Partnership is authorized to contract for administrative services provided to the Partnership. From the inception of the Partnership through November 23, 1999, such administrative services were provided by ML Fund Administrators Inc. (“MLFA”), an affiliate of the Selling Agent, pursuant to an Administrative Services Agreement. MLFA resigned the performance of its basic services under the Administrative Services Agreement effective November 23, 1999, with certain transitional services continued through April 30, 2000. The General Partner transitioned the administrative services to RAM without any changes to the terms of the Administrative Services Agreement. Pursuant to such agreement, the Partnership incurs an annual administration fee (the “Administration Fee”) and an annual additional administration fee (the “Additional Administration Fee”) for administrative services provided to the Partnership. The annual Administration Fee is equal to the greater of $100,000 or .14% of Invested Assets, while the annual Additional Administration Fee is equal to .06% of Invested Assets. The cumulative total of the administration fees and management fees is limited as described above herein Note 6. The Partnership incurred Administration Fees of $89,442 and $100,825 for the years ended March 30, 2014 and 2013, respectively, and Additional Administration Fees of $20,895 and $43,211 for the years ended March 30, 2014 and 2013, respectively. Such amounts are aggregated and reflected under the caption administration fees - affiliate in the accompanying statements of operations and comprehensive income (loss). Unpaid Administration Fees and Additional Administration Fees due to RAM in the cumulative amount of $10,738 and $58,075 are included in due to general partner and affiliates in the accompanying balance sheets as of March 30, 2014 and 2013, respectively.

7_Taxable_Income_Loss

7. Taxable Income (Loss)	12 Months Ended
7. Taxable Income (Loss)	Mar. 30, 2014
Notes	'
7. Taxable Income (Loss)	'
	7. Taxable Income (Loss)

	A reconciliation of the financial statement net income of the Partnership for the years ended March 30, 2014 and 2013 to the tax return income (loss) for the years ended December 31, 2013 and 2012 is as follows:

			2014	2013

	Financial statement net income for the years ended March 30, 2014 and 2013		$ 177,493	$ 2,156,636

	Add (less) net transactions occurring between
	January 1, 2012 to March 30, 2012		--	(84,527)
	January 1, 2013 to March 30, 2013		(11,075)	11,075
	January 1, 2014 to March 30, 2014		-107,781

	Adjusted financial statement net income for the years ended December 31, 2013 and 2012		58,637	2,083,184

	Management Fees and Administration Fees deductible for tax purposes when paid		-42,915	4,724

	Difference in gain on sale of limited partner interests/local partnership properties		1,261,445	321,016

	Differences arising from equity in income (loss) of investment in local partnerships		-1,246,377	-1,461,201

	Nondeductible flow through expenses (reversal)		--	-8,621

	Under accrued expenses (reversal)		--	-94,496

	Other income from local partnerships		-317,748	-57,173

	Other differences		9,261	2,518

	Tax return income (loss) for the years ended December 31, 2013 and 2012		$ (277,697)	$ 789,951
	84527

	The differences between the investment in local partnerships for financial reporting and tax purposes as of December 31, 2013 and 2012 are as follows:

		2013	2012

	Investment in local partnerships - financial reporting	$ --	$ --
	Investment in local partnerships - tax	-19,129,638	-18,826,958

		$ 19,129,638	$ 18,826,958
		$ 19,129,638	$ 18,826,958

	Payable to general partner and affiliate in the accompanying balance sheets represents accrued Management Fees and Administration Fees, which are not deductible for tax purposes until paid pursuant to IRC Section 267.

8_Fair_Value_of_Financial_Inst

8. Fair Value of Financial Instruments	12 Months Ended
8. Fair Value of Financial Instruments	Mar. 30, 2014
Notes	'
8. Fair Value of Financial Instruments	'
	8. Fair Value of Financial Instruments

	The estimated fair value amounts have been determined using available market information, assumptions, estimates and valuation methodologies.

	Cash and cash equivalents

	The carrying amount approximates fair value.

	Investment in Pemberwick Fund, a short duration bond fund

	The weighted average duration of Pemberwick’s assets is approximately 1.92 years as of March 30, 2014. Redemptions from Pemberwick are immediately liquid and unrestricted. Pemberwick’s net asset value (“NAV”) is $10.07 and $10.12 per share as of March 30, 2014 and 2013, respectively. The Partnership’s investment in Pemberwick as of March 30, 2014 and 2013 is carried at its fair value of $6,149,426 and $2,807,679, respectively. The fair value of the Partnership’s investment in Pemberwick is classified within Level 1 of the fair value hierarchy of the guidance on Fair Value Measurements (see Note 1). Pemberwick’s NAV was $10.09 as of May 31, 2014.

	Investment in local partnerships

	The Partnership assessed the carrying value of its investment in local partnerships at least annually in the fourth quarter of its fiscal year or whenever there were indications that a permanent impairment may have occurred. If the carrying value of an investment in a Local Partnership exceeded the estimated value derived by management, the Partnership reduced its investment in any such Local Partnership (unless the impairment was considered to be temporary) and included such reduction in equity in loss of investment in local partnerships. Impairment was measured by comparing the investment carrying amount to the estimated residual value of the investment. The investment in local partnerships, carried at zero as of March 30, 2014 and 2013, approximates fair value.

1_Organization_Purpose_and_Sum1

1. Organization, Purpose and Summary of Significant Accounting Policies: Basis of Accounting and Fiscal Year (Policies)	12 Months Ended
	Mar. 30, 2014
Policies	'
Basis of Accounting and Fiscal Year	'
	Basis of Accounting and Fiscal Year

	The Partnership's records are maintained on the accrual basis of accounting for both financial reporting and tax purposes. For financial reporting purposes, the Partnership's fiscal year ends March 30 and its quarterly periods end June 29, September 29 and December 30. The Local Partnerships have a calendar year for financial reporting purposes. The Partnership and the Local Partnerships each have a calendar year for income tax purposes.

1_Organization_Purpose_and_Sum2

1. Organization, Purpose and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	12 Months Ended
	Mar. 30, 2014
Policies	'
Cash and Cash Equivalents	'
	Cash and Cash Equivalents

	The Partnership considers all highly liquid investments purchased with an original maturity of three months or less at the date of acquisition to be cash equivalents. Cash and cash equivalents are stated at cost, which approximates market value.

1_Organization_Purpose_and_Sum3

1. Organization, Purpose and Summary of Significant Accounting Policies: Fair Value Measurements (Policies)	12 Months Ended
	Mar. 30, 2014
Policies	'
Fair Value Measurements	'
	Fair Value Measurements

	ASC Topic 820 clarifies the principle that fair value should be based on the assumptions that market participants would use when pricing the asset or liability and establishes the following fair value hierarchy:

	· Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Partnership has the ability to access;

	· Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as interest rates and yield curves that are observable at commonly quoted intervals; and

	· Level 3 inputs are unobservable inputs for the asset or liability that are typically based on an entity’s own assumptions as there is little, if any, related market activity.

	For instances in which the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the fair value measurement will fall within the lowest level input that is significant to the fair value measurement in its entirety.

1_Organization_Purpose_and_Sum4

1. Organization, Purpose and Summary of Significant Accounting Policies: Income Taxes (Policies)	12 Months Ended
	Mar. 30, 2014
Policies	'
Income Taxes	'
	Income Taxes

	The Partnership is a pass-through entity for income tax purposes and, as such, is not subject to income taxes. Rather, all items of taxable income and deductions are passed through to and are reported by its partners on their respective income tax returns. The Partnership’s federal tax status as a pass-through entity is based on its legal status as a partnership. Accordingly, the Partnership is not required to take any tax positions in order to qualify as a pass-through entity. The Partnership is required to file and does file tax returns with the Internal Revenue Service (“IRS”) and other taxing authorities. Income tax returns filed by the Partnership are subject to examination by the IRS for a period of three years. While no Partnership income tax returns are currently being examined by the IRS, tax years subsequent to 2009 remain subject to examination. These financial statements do not reflect a provision for income taxes and the Partnership has no other tax positions which must be considered for disclosure. In accordance with ASC Topic 740; Subtopic 10, the Partnership has included in Note 7 disclosures related to differences in the financial and tax bases of accounting.

1_Organization_Purpose_and_Sum5

1. Organization, Purpose and Summary of Significant Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Mar. 30, 2014
Policies	'
Use of Estimates	'
	Use of Estimates

	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

5_Investment_in_Local_Partners1

5. Investment in Local Partnerships: Local Partnership Interests Owned as of March 30, 2014 (Tables)	12 Months Ended
	Mar. 30, 2014
Tables/Schedules	'
Local Partnership Interests Owned as of March 30, 2014	'

	1.	1989 Westview Arms Limited Partnership;
	2.	Batesville Family, L.P.;
	3.	Browning Road Phase I, L.P.;
	4.	Canton Partners, L.P.;
	5.	De Queen Villas Limited Partnership;
	6.	Eudora Manor Limited Partnership;
	7.	Hill Com I Associates Limited Partnership;
	8.	Hill Com II Associates Limited Partnership;
	9.	Lakeside Housing Limited Partnership;
	10.	Lawrence Road Properties, Ltd.;
	11.	Lexington Estates Ltd., A Mississippi Limited Partnership;
	12.	Littleton Avenue Community Village, L.P. (“Littleton”);
	13.	Lula Courts Ltd., L.P.;
	14.	Magee Elderly, L.P.;
	15.	Patton Place Limited Partnership;
	16.	Purvis Heights Properties, L.P.;
	17.	Queen Lane Investors (“Queen Lane”);
	18.	Tchula Courts Apartments, L.P.; and
	19.	Village Creek Limited Partnership.

5_Investment_in_Local_Partners2

5. Investment in Local Partnerships: The Partnership and American Tax Credit Properties III L.P. ('ATCP III') together, in the aggregate, own a 99% Local Partnership Interest in the following Local Partnerships (Tables)	12 Months Ended
	Mar. 30, 2014
Tables/Schedules	'
The Partnership and American Tax Credit Properties III L.P. ('ATCP III') together, in the aggregate, own a 99% Local Partnership Interest in the following Local Partnerships	'

		The
		Partnership	ATCP III

	Batesville Family, L.P.	37.25%	61.75%
	Lawrence Road Properties, Ltd.	37.25	61.75
	Purvis Heights Properties, L.P.	37.25	61.75
	Queen Lane Investors	50.5	48.5

5_Investment_in_Local_Partners3

5. Investment in Local Partnerships: Schedule of Investment In Local Partnerships Activity (Tables)	12 Months Ended
	Mar. 30, 2014
Tables/Schedules	'
Schedule of Investment In Local Partnerships Activity	'

	Investment in local partnerships as of March 30, 2012	$ 1,195,248

	Distributions from Local Partnerships	(15,948)

	Distributions classified as other income	15,948

	Sales proceeds applied against investment balance	(1,401,380)

	Equity in income of investment in local partnerships	206,132

	Investment in local partnerships as of March 30, 2013	$ --

5_Investment_in_Local_Partners4

5. Investment in Local Partnerships: Combined Balance Sheets of the Local Partnerships (Tables)	12 Months Ended
	Mar. 30, 2014
Tables/Schedules	'
Combined Balance Sheets of the Local Partnerships	'

		2013	2012

	ASSETS

	Cash and cash equivalents	$ 1,596,159	$ 1,853,612
	Rents receivable	227,426	179,281
	Escrow deposits and reserves	3,302,594	3,425,097
	Land	1,770,266	1,927,755
	Buildings and improvements (net of accumulated depreciation of $40,403,938 and $43,708,700)
		16,732,919	20,238,659
	Intangible assets (net of accumulated amortization of $15,938 and $11,192)
		146,938	151,684
	Other assets	719,227	744,567

	Total assets	$ 24,495,529	$ 28,520,655

	LIABILITIES AND PARTNERS' EQUITY (DEFICIT)

	Liabilities

	Accounts payable and accrued expenses	$ 1,354,945	$ 1,940,389
	Due to related parties	692,680	763,364
	Mortgage loans	30,024,883	35,248,458
	Notes payable	967,945	749,380
	Accrued interest	5,584,978	5,566,978
	Other liabilities	328,830	305,236

	Total liabilities	38,954,261	44,573,805

	Partners' equity (deficit)

	American Tax Credit Properties II L.P.
	Capital contributions, net of distributions	12,195,903	13,453,690
	Cumulative loss	-10,862,708	-12,120,495

	Total American Tax Credit Properties II L.P.	1,333,195	1,333,195

	General partners and other limited partners
	Capital contributions, net of distributions	86,600	1,057,253
	Cumulative loss	-15,878,527	-18,443,598

	Total General partners and other limited partners	-15,791,927	-17,386,345

	Total equity (deficit)	-14,458,732	-16,053,150

	Total liabilities & equity (deficit)	$ 24,495,529	$ 28,520,655

5_Investment_in_Local_Partners5

5. Investment in Local Partnerships: Combined Statements of Operations of the Local Partnerships (Tables)	12 Months Ended
	Mar. 30, 2014
Tables/Schedules	'
Combined Statements of Operations of the Local Partnerships	'

		2013	2012

	REVENUE

	Rental	$ 10,255,263	$ 14,064,341
	Interest and other	184,944	320,238

	TOTAL REVENUE	10,440,207	14,384,579

	EXPENSES

	Administrative	2,819,444	3,201,179
	Utilities	1,238,506	1,970,815
	Operating and maintenance	2,813,899	3,774,473
	Taxes and insurance	1,191,410	1,612,742
	Financial	1,533,749	1,535,690
	Depreciation and amortization	1,850,532	2,584,077

	TOTAL EXPENSES	11,447,540	14,678,976

	LOSS BEFORE GAIN ON SALE OF PROPERTY	-1,007,333	-294,397

	GAIN ON SALE OF PROPERTY	2,042,871	--

	NET INCOME (LOSS)	$ 1,035,538	$ (294,397)

	NET INCOME (LOSS) ATTRIBUTABLE TO

	American Tax Credit Properties II L.P.	$ --	$ 206,132
	General partners and other limited partners (includes Partnership losses in excess of investment of $1,405,825 and $949,102 and specially allocated income of $1,300,164 and $366,144)
		1,035,538	-500,529

		$ 1,035,538	$ (294,397)

7_Taxable_Income_Loss_Reconcil

7. Taxable Income (Loss): Reconciliation of Financial Statement Net Income to the Tax Return Income (Loss) (Tables)	12 Months Ended
	Mar. 30, 2014
Tables/Schedules	'
Reconciliation of Financial Statement Net Income to the Tax Return Income (Loss)	'

		2014	2013

	Financial statement net income for the years ended March 30, 2014 and 2013	$ 177,493	$ 2,156,636

	Add (less) net transactions occurring between
	January 1, 2012 to March 30, 2012	--	(84,527)
	January 1, 2013 to March 30, 2013	(11,075)	11,075
	January 1, 2014 to March 30, 2014	-107,781

	Adjusted financial statement net income for the years ended December 31, 2013 and 2012	58,637	2,083,184

	Management Fees and Administration Fees deductible for tax purposes when paid	-42,915	4,724

	Difference in gain on sale of limited partner interests/local partnership properties	1,261,445	321,016

	Differences arising from equity in income (loss) of investment in local partnerships	-1,246,377	-1,461,201

	Nondeductible flow through expenses (reversal)	--	-8,621

	Under accrued expenses (reversal)	--	-94,496

	Other income from local partnerships	-317,748	-57,173

	Other differences	9,261	2,518

	Tax return income (loss) for the years ended December 31, 2013 and 2012	$ (277,697)	$ 789,951
	84527

7_Taxable_Income_Loss_Differen

7. Taxable Income (Loss): Differences Between Investment in Local Partnerships for Tax and Financial Reporting Purposes (Tables)	12 Months Ended
	Mar. 30, 2014
Tables/Schedules	'
Differences Between Investment in Local Partnerships for Tax and Financial Reporting Purposes	'

		2013	2012

	Investment in local partnerships - financial reporting	$ --	$ --
	Investment in local partnerships - tax	-19,129,638	-18,826,958

		$ 19,129,638	$ 18,826,958

2_Capital_Contributions_Detail

2. Capital Contributions (Details) (USD $)	1 Months Ended
2. Capital Contributions (Details) (USD $)	Apr. 30, 2014	Mar. 30, 2014	Mar. 30, 2013
Details	'	'	'
Units of limited partnership interest outstanding	'	55,746	55,746
Total capital contributions received	'	$55,746,000	$55,746,000
Organization and Offering Costs incurred in connection with the Partnership offering	'	6,534,064	6,534,064
Organization Costs Capitalized in Connection with the Partnership Offering	'	75,000	75,000
Syndication Costs Charged to the Limited Partners' Equity in Connection with the Partnership Offering	'	6,459,064	6,459,064
General Partner Contribution in Connection with the Partnership Offering	'	100	100
Nonresident State Withholding Taxes Paid	$31,810	'	'

3_Cash_and_Cash_Equivalents_De

3. Cash and Cash Equivalents (Details) (USD $)	Mar. 30, 2014	Mar. 30, 2013	Mar. 30, 2012
Details	'	'	'
Cash and cash equivalents	$375,716	$3,740,022	$31,046
Cash and cash equivalents held at two FDIC insured institutions	330,203	'	'
Maximum insured at each institution	250,000	'	'
Cash and cash equivalents held in portfolio of U.S. Treasury securities	$45,513	'	'

4_Investment_in_Pemberwick_Fun1

4. Investment in Pemberwick Fund (Details) (USD $)	31-May-14	Mar. 30, 2014	Mar. 30, 2013
Details	'	'	'
Weighted Average Duration of Pemberwick's assets in years	'	1.92	'
Pemberwick Net Asset Value	$10.09	$10.07	$10.12
Investment in Pemberwick Fund - a short duration bond fund	'	$6,149,426	$2,807,679
Unrealized gain reflected as accumulated other comprehensive income	'	20,759	'
Aggregate interest revenue from investment in Pemberwick	'	$178,004	'

4_Investment_in_Pemberwick_Fun2

4. Investment in Pemberwick Fund: Advisor's Fee (Details) (USD $)	12 Months Ended
	Mar. 30, 2014	Mar. 30, 2013
Details	'	'
Advisor's Fee	$7,799	$4,487

5_Investment_in_Local_Partners6

5. Investment in Local Partnerships: Other (Details) (USD $)	Mar. 30, 2014	Dec. 31, 2013
Details	'	'
Capital contributions in the aggregate	$48,460,126	'
Local Partnerships outstanding mortgage loans payable	'	30,025,000
Local Partnerships accrued interest on outstanding mortgage loans payable	'	$5,585,000

5_Investment_in_Local_Partners7

5. Investment in Local Partnerships: Schedule of Investment In Local Partnerships Activity (Details) (USD $)	12 Months Ended
	Mar. 30, 2013	Mar. 30, 2012
Details	'	'
Investment in local partnerships	'	$1,195,248
Distributions from local partnerships	-15,948	'
Distributions classified as other income	15,948	'
Sales proceeds applied against investment balance	-1,401,380	'
Equity in income of investment in local partnerships	$206,132	'

5_Investment_in_Local_Partners8

5. Investment in Local Partnerships (Details) (USD $)

12 Months Ended

36 Months Ended

Mar. 30, 2014

Mar. 30, 2013

Mar. 30, 2014

Dec. 31, 2013

Mar. 30, 2014

Mar. 30, 2013

Mar. 30, 2012

Trenton Heights

Queen Lane

Bruce Housing, Ivy Family, Plantersville Family, Renova Properties, Simpson County Family, Twin Pine Family

Auburn Hills

Eagle View, Summers Village

North Hills Farms

Mirador Del Toa

Cleveland Square and Corrigan Square

Harborside

GAIN ON SALE OF LIMITED PARTNER INTERESTS/ LOCAL PARTNERSHIP PROPERTIES

$97,547

$2,338,961

$20,000

$28,416

$20,767

$28,364

$2,185,051

$19,241

$79,200

$55,469

GAIN ON SALE OF PROPERTY

2,042,871

Other income from local partnerships

380,858

15,948

32,938

1,500

14,233

Due from local partnerships

64,864

1,500

35,000

28,364

Proceeds in connection with sale of limited partner interests/local partnership properties

$48,416

$3,740,341

$3,586,431

$19,241

$79,200

$55,469

$3,917,439

5_Investment_in_Local_Partners9

5. Investment in Local Partnerships: Littleton (Details) (USD $)	Jun. 30, 2014	31-May-14
Details	'	'
First mortgage declared default	'	$6,500,000
Second mortgage arrearage	$3,100,000	'

Recovered_Sheet1

5. Investment in Local Partnerships: Equity in loss of investment in local partnerships (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Excess Losses Applied to Other Partners' Capital	$1,405,825	$949,102

Recovered_Sheet2

5. Investment in Local Partnerships: Combined Balance Sheets of the Local Partnerships (Details) (Combined Balance Sheets, USD $)	Dec. 31, 2013	Dec. 31, 2012
Combined Balance Sheets	'	'
Cash and cash equivalents	$1,596,159	$1,853,612
Rents receivable	227,426	179,281
Escrow deposits and reserves	3,302,594	3,425,097
Land	1,770,266	1,927,755
Buildings and improvements, net	16,732,919	20,238,659
Intangible assets, net	146,938	151,684
Other assets	719,227	744,567
Total assets	24,495,529	28,520,655
Accounts payable and accrued expenses	1,354,945	1,940,389
Due to related parties	692,680	763,364
Mortgage loans	30,024,883	35,248,458
Notes payable	967,945	749,380
Accrued interest	5,584,978	5,566,978
Other liabilities	328,830	305,236
Total liabilities	38,954,261	44,573,805
American Tax Credit Properties II L.P. Capital contributions, net of distributions	12,195,903	13,453,690
American Tax Credit Properties II L.P. Cumulative loss	-10,862,708	-12,120,495
Total American Tax Credit Properties II L.P.	1,333,195	1,333,195
General partners and other limited partners Capital contributions, net of distributions	86,600	1,057,253
General partners and other limited partners Cumulative loss	-15,878,527	-18,443,598
Total General partners and other limited partners	-15,791,927	-17,386,345
Total equity (deficit)	-14,458,732	-16,053,150
Total liabilities & equity (deficit)	$24,495,529	$28,520,655

Recovered_Sheet3

5. Investment in Local Partnerships: Combined Statements of Operations of the Local Partnerships (Details) (Combined Statements Of Operations, USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Combined Statements Of Operations	'	'
Rental	$10,255,263	$14,064,341
Interest and other	184,944	320,238
TOTAL REVENUE	10,440,207	14,384,579
Administrative	2,819,444	3,201,179
Utilities	1,238,506	1,970,815
Operating and maintenance	2,813,899	3,774,473
Taxes and insurance	1,191,410	1,612,742
Financial	1,533,749	1,535,690
Depreciation and amortization	1,850,532	2,584,077
TOTAL EXPENSES	11,447,540	14,678,976
LOSS FROM OPERATIONS BEFORE GAIN ON SALE OF PROPERTY	-1,007,333	-294,397
GAIN ON SALE OF PROPERTY	2,042,871	'
NET INCOME (LOSS)	1,035,538	-294,397
Net Income (Loss) Attributable To American Tax Credit Properties II L.P.	'	206,132
Net Income (Loss) Attributable To General partners and other limited partners (includes Partnership loss in excess of investment of $1,405,825 and $949,102 and specially allocated income of $1,300,164 and $366,144)	$1,035,538	($500,529)

6_Transactions_With_General_Pa1

6. Transactions With General Partner and Affiliates (Details) (USD $)	12 Months Ended
	Mar. 30, 2014	Mar. 30, 2013
Details	'	'
Maximum Annual Management Fee	'The annual Management Fee is equal to the greater of $100,000 or .14% of Invested Assets (as such term is defined in the Partnership Agreement)	'The annual Management Fee is equal to the greater of $100,000 or .14% of Invested Assets (as such term is defined in the Partnership Agreement)
Additional Annual Management Fee	'the annual Additional Management Fee is equal to .06% of Invested Assets	'the annual Additional Management Fee is equal to .06% of Invested Assets
Cumulative Total of the Management Fees and Administration Fees	'cumulative total of the management fees and administration fees (see discussion below herein Note 6) is limited to 0.5% of Invested Assets	'cumulative total of the management fees and administration fees (see discussion below herein Note 6) is limited to 0.5% of Invested Assets
Management Fees Incurred	$89,442	$100,825
Additional Management Fees Incurred	20,895	43,211
Maximum Annual Administration Fee	'The annual Administration Fee is equal to the greater of $100,000 or .14% of Invested Assets	'The annual Administration Fee is equal to the greater of $100,000 or .14% of Invested Assets
Additional Annual Administration Fee	'the annual Additional Administration Fee is equal to .06% of Invested Assets	'the annual Additional Administration Fee is equal to .06% of Invested Assets
Administration Fees Incurred	89,442	100,825
Additional Administration Fees Incurred	$20,895	$43,211

6_Transactions_With_General_Pa2

6. Transactions With General Partner and Affiliates: Unpaid Management and Additional Management Fees (Details) (USD $)	Mar. 30, 2014	Mar. 30, 2013
Details	'	'
Unpaid Management and Additional Management Fees	$14,538	$61,891

6_Transactions_With_General_Pa3

6. Transactions With General Partner and Affiliates: Unpaid Administration and Additional Administration Fees (Details) (USD $)	Mar. 30, 2014	Mar. 30, 2013
Details	'	'
Unpaid Administration Fees and Additional Administration Fees	$10,738	$58,075

7_Taxable_Income_Loss_Reconcil1

7. Taxable Income (Loss): Reconciliation of Financial Statement Net Income to the Tax Return Income (Loss) (Details) (USD $)	3 Months Ended			12 Months Ended
	Mar. 30, 2014	Mar. 30, 2013	Mar. 30, 2012	Mar. 30, 2014	Dec. 31, 2013	Mar. 30, 2013	Dec. 31, 2012
Details	'	'	'	'	'	'	'
NET INCOME	'	'	'	$177,493	'	$2,156,636	'
Add (less) net transactions occurring between Jan 1 and Mar 30	-107,781	11,075	84,527	'	'	'	'
Adjusted financial statement net income for the years ended December 31, 2013 and 2012	'	'	'	'	58,637	'	2,083,184
Management Fees and Administration Fees deductible for tax purposes when paid	'	'	'	'	-42,915	'	4,724
Difference in gain on sale of limited partner interests/local partnership properties	'	'	'	'	1,261,445	'	321,016
Differences arising from equity in income (loss) of investment in local partnerships	'	'	'	'	-1,246,377	'	-1,461,201
Nondeductible flow through expenses (reversal)	'	'	'	'	'	'	-8,621
Under accrued expenses (reversal)	'	'	'	'	'	'	-94,496
Other income from local partnerships	'	'	'	'	-317,748	'	-57,173
Other differences	'	'	'	'	9,261	'	2,518
Tax return income (loss) for the years ended December 31, 2013 and 2012	'	'	'	'	($277,697)	'	$789,951

7_Taxable_Income_Loss_Differen1

7. Taxable Income (Loss): Differences Between Investment in Local Partnerships for Tax and Financial Reporting Purposes (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Investment in local partnerships - tax	($19,129,638)	($18,826,958)
Differences between the investment in local partnerships for tax and financial reporting purposes	$19,129,638	$18,826,958

8_Fair_Value_of_Financial_Inst1

8. Fair Value of Financial Instruments (Details) (USD $)	31-May-14	Mar. 30, 2014	Mar. 30, 2013
Details	'	'	'
Weighted Average Duration of Pemberwick's assets in years	'	1.92	'
Pemberwick Net Asset Value	$10.09	$10.07	$10.12
Investment in Pemberwick Fund - a short duration bond fund	'	$6,149,426	$2,807,679