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IRS Releases LIHTC Percentages for Buildings Placed in Service in August

Monday, July 24, 2000 - 1:45AM

The Internal Revenue Service (IRS) has released its low-income housing tax credit percentages that apply to low-income rental housing buildings placed in service in August. The appropriate percentage for the 70 percent present value credit is 8.47 percent, and for the 30 percent present value credit, 3.63 percent. To access IRS Revenue Ruling 2000-38, click here.

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