Tax Credit Percentages 2012

 

30%

70%

January
Rev. Rul. 2012-2

3.19%

7.44*%

February
Rev. Rul. 2012-7

3.18%

7.42*%

March
Rev. Rul. 2012-9

3.18%

7.43*%

April
Rev. Rul. 2012-11

3.19%

7.44*%

May
Rev. Rul. 2012-13

3.21%

7.48*%

June
Rev. Rul. 2012-15

3.18%

7.43*%

July
Rev. Rul. 2012-20

3.16%

7.37*%

August
Rev. Rul. 2012-21

3.15%

7.36*%

September
Rev. Rul. 2012-24

3.15%

7.35*%

October
Rev. Rul. 2012-28

3.16%

7.38*%

November
Rev. Rul. 2012-30

3.16%

7.38*%

December
Rev. Rul. 2012-31

3.16%

7.38*%

*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