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<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS FOR INDEPENDENCE TAX CREDIT PLUS L.P. II AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000907045
<NAME> INDEPENDENCE TAX CREDIT PLUS L.P. II
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-START> APR-01-2000
<PERIOD-END> JUN-30-2000
<CASH> 3,858,123
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 579,142
<PP&E> 108,151,149
<DEPRECIATION> 17,106,180
<TOTAL-ASSETS> 95,768,466
<CURRENT-LIABILITIES> 12,957,068
<BONDS> 58,644,027
0
0
<COMMON> 0
<OTHER-SE> 24,167,371
<TOTAL-LIABILITY-AND-EQUITY> 95,768,466
<SALES> 0
<TOTAL-REVENUES> 2,097,933
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 2,638,249
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 587,976
<INCOME-PRETAX> (1,125,282)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,125,282)
<EPS-BASIC> (18.90)
<EPS-DILUTED> 0
</TABLE>
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