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<TITLE>Form 8-K</TITLE>
<META NAME="author" CONTENT="Cruz-Abrams, Carlos F.">
<META NAME="date" CONTENT="07/07/2015">
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<P style="margin:0px; font-family:'Times New Roman Bold,Times New Roman'; font-size:18pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-family:'Times New Roman Bold,Times New Roman'; font-size:18pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>Washington, D.C. 20549</B></P>
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<P style="margin:0px" align=center>_______________</P>
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<P style="margin:0px; font-size:18pt" align=center><B>FORM 8-K</B></P>
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<P style="margin:0px" align=center><B>CURRENT REPORT PURSUANT</B></P>
<P style="margin:0px" align=center><B>TO SECTION 13 OR 15 (d) OF THE</B></P>
<P style="margin:0px" align=center><B>SECURITIES EXCHANGE ACT OF 1934</B></P>
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<P style="margin:0px" align=center><B>Date of report (Date of earliest event reported): July 6, 2015</B></P>
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<P style="margin:0px; font-size:22pt" align=center><B>NATIONAL TAX CREDIT INVESTORS II</B></P>
<P style="margin:0px" align=center><B>(Exact name of registrant as specified in its charter)</B></P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=1.2 /><TD width=207.533 /><TD width=106.533 /><TD width=101.133 /><TD width=206.533 /><TD width=1.067 /></TR>
<TR><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=208.733 colspan=2><P style="margin:0px" align=center><B>California</B></P>
</TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=207.667 colspan=2><P style="margin:0px" align=center><B>0-20610</B></P>
</TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=207.6 colspan=2><P style="margin:0px" align=center><B>93-1017959</B></P>
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<TR><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=208.733 colspan=2><P style="margin:0px" align=center>(State or Other Jurisdiction of</P>
</TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=207.667 colspan=2><P style="margin:0px" align=center>(Commission File Number)</P>
</TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=207.6 colspan=2><P style="margin:0px" align=center>(I.R.S. Employer</P>
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<TR><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=208.733 colspan=2><P style="margin:0px" align=center>Incorporation)</P>
</TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=207.667 colspan=2><P style="margin:0px; padding-left:9.6px; padding-right:9.6px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=207.6 colspan=2><P style="margin:0px" align=center>Identification No.)</P>
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<TR><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=1.2><P style="margin:0px; padding-left:9.6px; padding-right:9.6px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=314.067 colspan=2><P style="margin:0px; padding-left:9.6px; padding-right:9.6px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=308.733 colspan=3><P style="margin:0px; padding-left:9.6px; padding-right:9.6px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=1.2><P style="margin:0px; padding-left:9.6px; padding-right:9.6px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=622.8 colspan=5><P style="margin:0px" align=center><B>P.O. Box 91274</B></P>
<P style="margin:0px" align=center><B>Los Angeles, California 90009</B></P>
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<TR><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=1.2><P style="margin:0px; padding-left:9.6px; padding-right:9.6px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=622.8 colspan=5><P style="margin:0px" align=center>(Address of Principal Executive Offices, including zip code)</P>
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<P style="margin:0px"><B>Registrant&#146;s Telephone Number, Including Area Code: &nbsp;(720) 387-8135</B></P>
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<P style="margin-top:5.533px; margin-bottom:5.533px" align=justify>Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P>
<P style="margin-top:5.533px; margin-bottom:5.533px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family:'Wingdings'; font-size:8pt">&#168;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </P>
<P style="margin-top:5.533px; margin-bottom:5.533px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family:'Wingdings'; font-size:8pt">&#168;</FONT> &nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin-top:5.533px; margin-bottom:5.533px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family:'Wingdings'; font-size:8pt">&#168;</FONT> &nbsp;Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </P>
<P style="margin-top:5.533px; margin-bottom:5.533px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family:'Wingdings'; font-size:8pt">&#168;</FONT> &nbsp;Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </P>
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<P style="margin:0px"><B>Item 1.01 &nbsp;&nbsp;&nbsp;Entry into a Material Definitive Agreement</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>National Tax Credit Investors II, a California limited partnership (the &#147;Registrant&#148;), held a 99% limited partnership interest in Wynnefield Lincoln Grove Limited Partnership, a North Carolina limited partnership (the &#147;Partnership&#148;). On July 6, 2015, the Registrant entered into an Amendment to the Amended and Restated Certificate and Agreement of Limited Partnership of Wynnefield Lincoln Grove Limited Partnership (the &#147;Amendment&#148;) by and among the Registrant, National Tax Credit II Holdings, LLC, a California limited liability company (together with Registrant, the &#147;Withdrawing Partners&#148;), Crosland Wynnefield No. 1, a North Carolina general partnership, the General Partner of the Partnership (&#147;Crosland&#148;), and Wynnefield 515, LLC, a North Carolina limited liability company (the &#147;Assignee&#148;), pursuant to which the Withdrawing Partners assigned 100% of their interests in the Partnership to the Assignee in exchange for a payment of $15,000. &nbsp;Following such payment, the Registrant no longer held any interest in the Partnership and had no rights, obligations or liabilities related thereto.</P>
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<P style="margin:0px" align=justify><B>Item 2.01 &nbsp;&nbsp;&nbsp;Completion of Acquisition or Disposition of Assets.</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Pursuant to the terms of the Amendment, on July 6, 2015, the registrant transferred all of its interests in the Partnership to the Assignee. &nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>As a result of the transfer of the Registrant&#146;s interests in the Partnership, the Registrant received approximately $15,000 in consideration, all of which is intended to be used by the Registrant for the payment of outstanding payables and deferred management fees owed by the Registrant.</P>
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<P style="margin:0px" align=center>1</P>
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<P style="margin:0px" align=center><B>SIGNATURE</B></P>
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<P style="margin:0px; text-indent:19.2px">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.</P>
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</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=252.8 /><TD width=385.6 /></TR>
<TR><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=252.8><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=385.6><P style="margin:0px" align=center>NATIONAL TAX CREDIT INVESTORS II&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
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<TR><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=252.8><P style="margin:0px; padding-left:9.6px; padding-right:9.6px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=385.6><P style="margin:0px; padding-left:9.6px; padding-right:9.6px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=252.8><P style="margin:0px; padding-left:9.6px; padding-right:9.6px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=385.6><P style="margin-top:0px; margin-bottom:-2px; text-indent:70.8px; width:118.8px; float:left">By:</P>
<P style="margin:0px; padding-left:70.8px; text-indent:-2px">National Partnership Investments, LLC</P>
<P style="margin:0px; padding-left:70.8px; text-indent:48px; clear:left">Corporate General Partner</P>
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<P style="margin:0px; padding-left:70.8px">By: &nbsp;<U>/s/ Joseph Dryden&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
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<TR><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=252.8><P style="margin:0px; padding-left:9.6px; padding-right:9.6px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=385.6><P style="margin:0px; padding-left:70.8px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Joseph Dryden</U></P>
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<TR><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=252.8><P style="margin:0px; padding-left:9.6px; padding-right:9.6px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=385.6><P style="margin:0px; padding-left:70.8px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;V.P. of Finance/CFO </P>
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Form 8-K
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): July 6, 2015
NATIONAL TAX CREDIT INVESTORS II
(Exact name of registrant as specified in its charter)
California
0-20610
93-1017959
(State or Other Jurisdiction of
(Commission File Number)
(I.R.S. Employer
Incorporation)
Identification No.)
P.O. Box 91274
Los Angeles, California 90009
(Address of Principal Executive Offices, including zip code)
Registrant's Telephone Number, Including Area Code:  (720) 387-8135
Check the appropriate box below if the Form 8-K 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 240.13e-4(c))
Item 1.01    Entry into a Material Definitive Agreement
National Tax Credit Investors II, a California limited partnership (the "Registrant"), held a 99% limited partnership interest in Wynnefield Lincoln Grove Limited Partnership, a North Carolina limited partnership (the "Partnership"). On July 6, 2015, the Registrant entered into an Amendment to the Amended and Restated Certificate and Agreement of Limited Partnership of Wynnefield Lincoln Grove Limited Partnership (the "Amendment") by and among the Registrant, National Tax Credit II Holdings, LLC, a California limited liability company (together with Registrant, the "Withdrawing Partners"), Crosland Wynnefield No. 1, a North Carolina general partnership, the General Partner of the Partnership ("Crosland"), and Wynnefield 515, LLC, a North Carolina limited liability company (the "Assignee"), pursuant to which the Withdrawing Partners assigned 100% of their interests in the Partnership to the Assignee in exchange for a payment of $15,000.  Following such payment, the Registrant no longer held any interest in the Partnership and had no rights, obligations or liabilities related thereto.
Item 2.01    Completion of Acquisition or Disposition of Assets.
Pursuant to the terms of the Amendment, on July 6, 2015, the registrant transferred all of its interests in the Partnership to the Assignee.
As a result of the transfer of the Registrant's interests in the Partnership, the Registrant received approximately $15,000 in consideration, all of which is intended to be used by the Registrant for the payment of outstanding payables and deferred management fees owed by the Registrant.
1
SIGNATURE
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.
NATIONAL TAX CREDIT INVESTORS II
By:
National Partnership Investments, LLC
Corporate General Partner
By:
/s/ Joseph Dryden
Joseph Dryden
V.P. of Finance/CFO
DATED:  July 6, 2015