Sign Up For Novogradac Industry Alert Emails

TCAC POSTS FINAL REVISIONS TO PROPOSED BASIS LIMITS FOR 2008

Wednesday, December 19, 2007 - 7:00AM

The California Tax Credit Allocation Committee (TCAC) yesterday posted a final iteration of proposed changes to program basis limits. This version incorporates data from 2007 funded TCAC applications receiving either 9 percent or 4 percent low-income housing tax credits (LITHCs) for new construction projects. In a memo, TCAC says the limits in the 9 percent and 4 percent tables constitute the final version staff would use if the committee adopts the proposed new basis limit methodology. TCAC is scheduled to consider the proposed change at its January 23, 2008 meeting.
 



 

Learn more about Novogradac's expertise and many services