NCHFA Announces Favorable PLR on State Refundable Credit

Tuesday, September 16, 2003 - 1:45AM

The North Carolina Housing Finance Agency (NCHFA) today announced that it has been issued a favorable private letter ruling from the Internal Revenue Service (IRS). Mark Shelburne with NCHFA and Jerry Breed with Powell Goldstein Frazer & Murphy say the ruling resolves an important technical issue regarding the federal income tax treatment of the state's new refundable credit. More information is available at NCHFA’s web site.

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