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Low-Income Housing Tax Credit:

Tax Credit Percentages

2010

  30% 70%

January
Rev. Rul. 2010-1

3.32%

7.76*%

February
Rev. Rul. 2010-6

3.36%

7.84*%

March
Rev. Rul. 2010-8

3.35%

7.81*%

*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.