Tax Credit Percentages 2008

 30%70%

January
Rev. Rul. 2008-4

3.40%

7.93%

February
Rev. Rul. 2008-9

3.40%

7.92%

March
Rev. Rul. 2008-11

3.36%

7.84%

April
Rev. Rul. 2008-20

3.36%

7.84%

May
Rev. Rul. 2008-24

3.34%

7.80%

June
Rev. Rul. 2008-28

3.38%

7.89%

July
Rev. Rul. 2008-33

3.40%

7.93%

August
Rev. Rul. 2008-43

3.40%

7.94%*

September
Rev. Rul. 2008-46

3.40%

7.93%*

October
Rev. Rul. 2008-49

3.37%

7.87%*

November
Rev. Rul. 2008-50

3.36%

7.83%*

December
Rev. Rul. 2008-53

3.36%

7.84%*

*Note:

Under Section 42(b)(2), the applicable percentage for LIHTC allocations made after July 29, 2008, 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. 8, the American Taxpayer Relief Act of 2012, 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 - 2011

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

 

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

Source: Novogradac & Company LLP