Tax Credit Percentages 2008
| 30% | 70% | |
January | 3.40% | 7.93% |
February | 3.40% | 7.92% |
March | 3.36% | 7.84% |
April | 3.36% | 7.84% |
May | 3.34% | 7.80% |
June | 3.38% | 7.89% |
July | 3.40% | 7.93% |
August | 3.40% | 7.94%* |
September | 3.40% | 7.93%* |
October | 3.37% | 7.87%* |
November | 3.36% | 7.83%* |
December | 3.36% | 7.84%* |
*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
Source: Novogradac & Company LLP