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Low-Income Housing Tax Credit:

Tax Credit Percentages

2012

  30% 70%

January
Rev. Rul. 2012-2

 3.19%

7.44*%

February
Rev. Rul. 2012-7
3.18%

7.42*%

March
Rev. Rul. 2012-9
3.18%

7.43*%

 

*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