Tax Credit Percentages 2014

 30%70%

December
Rev. Rul. 2014-31

3.22%

7.51*%

November
Rev. Rul. 2014-28

3.24%

7.55*%

October
Rev. Rul. 2014-26

3.23%

7.54*%

September
Rev. Rul. 2014-22

3.24%

7.56*%

August
Rev. Rul. 2014-19

3.25%

7.57*%

July
Rev. Rul. 2014-20

3.24%

7.56*%

June
Rev. Rul. 2014-16

3.25%

7.58*%

May
Rev. Rul. 2014-13

3.26%

7.60*%

April
Rev. Rul. 2014-12

3.25%

7.59*%

March
Rev. Rul. 2014-8

3.26%

7.60*%

February
Rev. Rul. 2014-6

3.27%

7.64*%

January
Rev. Rul. 2014-1

3.26%

7.60*%

*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