Home / Low Income Housing / Facts Figures

Low-Income Housing Tax Credit:

Tax Credit Percentages

2009

  30% 70%

January
Rev. Rul. 2009-1

3.28%

7.65*%

February
Rev. Rul. 2009-5

3.23%

7.53*%

March
Rev. Rul. 2009-8

3.27%

7.63*%

April
Rev. Rul. 2009-10

3.29%

7.67*%

May
Rev. Rul. 2009-12

3.28%

7.65*%

June
Rev. Rul. 2009-16

3.30%

7.71*%

July
Rev. Rul. 2009-20

 3.35%

7.82*%

August
Rev. Rul. 2009-22

 3.35%

7.82*%

September
Rev. Rul. 2009-29

 3.36%

7.84*%

October
Rev. Rul. 2009-33

 3.33%

7.78*%

November
Rev. Rul. 2009-35

 3.33%

7.76*%

December
Rev. Rul. 2009-38

 3.34%

7.79*%

*Note:

Under Section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, and before December 31, 2013, shall not be less than 9%. For more information see IRS Notice 2008-106, which provides guidance on applying the new 9% floor, or the Housing and Economic Recovery Act of 2008, which set the 9% minimum tax credit percentage rate for the 70% credit.

 

 

Historical Low-Income Housing Tax Credit Percentages 1988 - 2011

Source: Novogradac & Company LLP