<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS FOR LIBERTY TAX CREDIT PLUS II L.P. AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000832141
<NAME> LIBERTY TAX CREDIT PLUS II L.P.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-START> APR-01-1999
<PERIOD-END> MAR-31-2000
<CASH> 10,261,618
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 5,229,595
<PP&E> 240,430,850
<DEPRECIATION> 79,787,758
<TOTAL-ASSETS> 180,071,778
<CURRENT-LIABILITIES> 28,308,664
<BONDS> 121,264,144
0
0
<COMMON> 0
<OTHER-SE> 30,498,970
<TOTAL-LIABILITY-AND-EQUITY> 180,071,778
<SALES> 0
<TOTAL-REVENUES> 27,104,148
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 27,170,945
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 8,176,289
<INCOME-PRETAX> (8,243,086)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (8,243,086)
<EPS-BASIC> (68.23)
<EPS-DILUTED> 0
</TABLE>