UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 23, 2012

Independence Tax Credit Plus L.P. III

(Exact name of registrant as specified in its charter)


Delaware	0-24650	13-3746399
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

625 Madison Avenue, New York, New York		10022
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (212) 317-5700

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

ITEM 4.01.

Changes in Registrant’s Certifying Accountant

On April 23, 2012, Independence Tax Credit Plus L.P. III (the “Company”) was notified that its independent registered public accounting firm, Trien Rosenberg Weinberg Ciullo & Fazzari LLP (“Trien Rosenberg”), merged its practice with that of Raich Ende Malter & Co. LLP (“Raich”) and the combined practice operates under the name Raich Ende Malter & Co. LLP. The General Partner of the Company has determined that the Company will continue to engage Raich as its independent registered public accounting firm.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	INDEPENDENCE TAX CREDIT PLUS L.P. III (Registrant)

	By:	RELATED INDEPENDENCE ASSOCIATES III L.P.,
		General Partner

		By:	RELATED INDEPENDENCE ASSOCIATES III INC.,
			General Partner

Date:			By:	/s/ Robert A. Pace
				Robert A. Pace
				Chief Financial Officer and Principal Accounting Officer

Date: April 27, 2012

INDEPENDENCE TAX CREDIT PLUS LP III 8-K