IRS Seeks Comments on LIHTC Carryover Allocations, Utility Allowance Regulations

Thursday, March 19, 2020 - 12:00pm

The Internal Revenue Service will publish a notice in Friday’s Federal Register inviting comments concerning carryover allocations and other rules relating to the low-income housing credit (LIHTC) and the IRC Section 42 utility allowance regulations. There are no changes being proposed at this time; this review is part of a continuing effort to reduce paperwork and respondent burden as required by the Paperwork Reduction Act of 1995. Comments will be accepted through May 19.