LIHTC, NMTC, HTC Issues Included in Priority Guidance Plan

Friday, November 9, 2018 - 9:30am

The Treasury Department on Thursday released the 2018-2019 Priority Guidance Plan, which includes plans to provide guidance for the low-income housing tax credit (LIHTC), new markets tax credit (NMTC) and historic tax credit (HTC). The Priority Guidance Plan covers the period from July 1, 2018, through June 30, 2019. Among planned guidance are regulations for the average-income test for LIHTC properties, final regulations for the utility allowance under the LIHTC, clarification and revision of certain NMTC rules and a revenue procedure concerning the use of the HTC in disaster relief.