Tax Credit Percentages 2018
| 30% | 70% | |
| June Rev. Rul. 2018-16 | 3.29% | 7.68*% |
| May Rev. Rul. 2018-12 | 3.28% | 7.65*% |
| April Rev. Rul. 2018-9 | 3.28% | 7.66*% |
| March Rev. Rul. 2018-6 | 3.27% | 7.63*% |
| February Rev. Rul. 2018-5 | 3.25% | 7.57*% |
| January Rev. Rul. 2018-1 | 3.24% | 7.55*% |
*Note:
Under Section 42(b)(2), the applicable percentage for LIHTC allocations made before Jan. 1, 2015, 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. 5771, the Tax Increase Prevention Act of 2014, 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 - 2014
Source: Novogradac & Company LLP