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IRS GIVES ADDITIONAL LIHTC RELIEF TO PROPERTIES IN GO ZONE

Monday, July 30, 2007 - 7:30AM

The Internal Revenue Service (IRS) last week released an advance copy of Notice 2007-66, which provides an extension of time under Section 42(j)(4)(E) of the Internal Revenue Code for the restoration of low-income housing tax credit (LIHTC) projects located within the Gulf Opportunity Zone (GO Zone) that were damaged by Hurricane Katrina.

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