Tax Credit Percentages 2009

 

30%

70%

January
Rev. Rul. 2009-1

3.28%

7.65*%

February
Rev. Rul. 2009-5

3.23%

7.53*%

March
Rev. Rul. 2009-8

3.27%

7.63*%

April
Rev. Rul. 2009-10

3.29%

7.67*%

May
Rev. Rul. 2009-12

3.28%

7.65*%

June
Rev. Rul. 2009-16

3.30%

7.71*%

July
Rev. Rul. 2009-20

3.35%

7.82*%

August
Rev. Rul. 2009-22

3.35%

7.82*%

September
Rev. Rul. 2009-29

3.36%

7.84*%

October
Rev. Rul. 2009-33

3.33%

7.78*%

November
Rev. Rul. 2009-35

3.33%

7.76*%

December
Rev. Rul. 2009-38

3.34%

7.79*%

*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