1. Basis of Presentation	3 Months Ended
Jun. 29, 2018
Notes
1. Basis of Presentation	1. Basis of Presentation The accompanying unaudited financial statements of American Tax Credit Properties III L.P. (the “Partnership”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. They do not include all information and footnotes required by GAAP for complete financial statements. In the opinion of the general partner of the Partnership (the “General Partner”), the accompanying unaudited financial statements include all adjustments necessary to present fairly the financial position as of June 29, 2018 and the results of operations and cash flows for the interim period presented. All adjustments are of a normal recurring nature. The results of operations for the three months ended June 29, 2018 are not necessarily indicative of the results that may be expected for the entire year. As of March 31, 2018, the Partnership adopted Accounting Standards Update 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities” (the “Update”). In addition to other provisions, the Update requires that changes in the fair value of equity securities be recognized through net income (loss) in the statement of operations. Accordingly, the unrealized gain or loss on the Partnership’s investment in Pemberwick Fund, a short duration bond fund (“Pemberwick”) is included in interest revenue in the accompanying unaudited statements of operations. Certain prior period balances have been reclassified to conform to the current period presentation.

1. Basis of Presentation

3 Months Ended

Jun. 29, 2018

1. Basis of Presentation

The accompanying unaudited financial statements of American Tax Credit Properties III L.P. (the “Partnership”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. They do not include all information and footnotes required by GAAP for complete financial statements. In the opinion of the general partner of the Partnership (the “General Partner”), the accompanying unaudited financial statements include all adjustments necessary to present fairly the financial position as of June 29, 2018 and the results of operations and cash flows for the interim period presented. All adjustments are of a normal recurring nature. The results of operations for the three months ended June 29, 2018 are not necessarily indicative of the results that may be expected for the entire year.

As of March 31, 2018, the Partnership adopted Accounting Standards Update 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities” (the “Update”). In addition to other provisions, the Update requires that changes in the fair value of equity securities be recognized through net income (loss) in the statement of operations. Accordingly, the unrealized gain or loss on the Partnership’s investment in Pemberwick Fund, a short duration bond fund (“Pemberwick”) is included in interest revenue in the accompanying unaudited statements of operations. Certain prior period balances have been reclassified to conform to the current period presentation.