Tax Credit Briefs

摘要

The Internal Revenue Service has announced the low-income housing tax credit percentages for buildings placed in service in April. The percentages are 7.67 percent for the 70 percent present value credit and 3.29 percent for the 30 percent present value credit. However, under the Housing and Economic Recovery Act of 2008, the minimum percentage for the 70 percent present value credit for buildings placed in service after July 30, 2008, and before December 31, 2013, is 9 percent.