IRS Issues Notices Expanding Relief For Storm-Stricken Areas

Thursday, November 4, 2004 - 1:45AM

The Internal Revenue Service (IRS) today issued three notices expanding previous relief from Notice 2004-66, which suspended certain income limitations requirements under Section 42 of the Internal Revenue Code for certain low-income housing tax credit (LIHTC) properties in Florida that were affected by the devastation caused by Hurricane Charley and Hurricane Frances. Notice 2004-74 provides similar relief for Alabama areas struck by Hurricane Ivan; Notice 2004-75 includes relief for Ohio areas struck by severe post-hurricane storms and flooding; and Notice 2004-76 amplifies and supersedes Notice 2004-66 expanding relief to Florida areas struck by Hurricanes Ivan and Jeanne as well as the original areas affected by Charley and Frances. Click here for copies of the notices.

Learn more about Novogradac's expertise and many services