Tax Credit Percentages 2020

 30%70%
April3.12%7.28%
March3.17%7.40%
February3.19%7.45%
January3.18%7.43%

 

*Note:

Under Section 42(b)(2), the applicable percentage for LIHTC allocations made before Jan. 1, 2015, shall not be less than 9%. As extended by H.R. 8, the American Taxpayer Relief Act, this fixed rate applies only to allocations, it does not apply to forward commitments. For more information see IRS Notice 2008-106, which provides guidance on applying the 9% floor, the Housing and Economic Recovery Act of 2008, which set the 9% minimum tax credit percentage rate for the 70% credit, or H.R. 5771, the Tax Increase Prevention Act of 2014, which amended and extended the provision. The Protecting Americans from Tax Hikes Act of 2015 permanently extended the minimum low-income housing tax credit rate for non-federally subsidized buildings.  

 

Historical Low-Income Housing Tax Credit Percentages 1988 - 2014

novogradac-historical-tax-credit-percentages-70-2011_0.jpg

 

novogradac-historical-tax-credit-percentages-30-2011_0.jpg

Source: Novogradac & Company LLP