Tax Credit Percentages 2015

 

30%70%

December
Rev. Rul. 2015-25

3.21%

7.49*%

November
Rev. Rul. 2015-22

3.20%

7.48*%

October
Rev. Rul. 2015-21

3.21%

7.49*%

September
Rev. Rul. 2015-19

3.22%

7.51*%

August
Rev. Rul. 2015-16

3.23%

7.53*%

July
Rev. Rul. 2015-15

3.22%

7.52*%

June
Rev. Rul. 2015-14

3.20%

7.47*%

May
Rev. Rul. 2015-8

3.19%

7.44*%

April
Rev. Rul. 2015-7

3.21%

7.48*%

March
Rev. Rul. 2015-4

3.18%

7.42*%

February
Rev. Rul. 2015-3

3.20%

7.47*%

January
Rev. Rul. 2015-1

3.22%

7.51*%

*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