Low-Income Housing Tax Credit:

Tax Credit Percentages

2008

30% 70% January Rev. Rul. 2008-4 3.40% 7.93% February Rev. Rul. 2008-9 3.40% 7.92% March Rev. Rul. 2008-11 3.36% 7.84% April Rev. Rul. 2008-20 3.36% 7.84% May Rev. Rul. 2008-24 3.34% 7.80% June Rev. Rul. 2008-28 3.38% 7.89% July Rev. Rul. 2008-33 3.40% 7.93% August Rev. Rul. 2008-43 3.40% 7.94%* September Rev. Rul. 2008-46 3.40% 7.93%*

*Note:

The Housing and Economic Recovery Act of 2008 set a 9% minimum tax credit percentage rate for the 70% credit for new and substantially rehabilitated buildings placed in service after July 30, 2008 and before December 31, 2013. (No similar flat rate was set for 30% credits.) The 70% rate for August shown above was set by the IRS in Revenue Ruling 2008-43, which was published before enactment of the new law. The 70% rate for September shown above was set by the IRS in Revenue Ruling 2008-46, which does not discuss the enactment of the new law.