Tax Credit Percentages 2011

	30%	70%
January Rev. Rul. 2011-2	3.29%	7.67*%
February Rev. Rul. 2011-4	3.32%	7.75*%
March Rev. Rul. 2011-6	3.33%	7.78*%
April Rev. Rul. 2011-10	3.33%	7.78*%
May Rev. Rul. 2011-11	3.33%	7.77*%
June Rev. Rul. 2011-13	3.31%	7.73*%
July Rev. Rul. 2011-14	3.29%	7.68*%
August Rev. Rul. 2011-16	3.28%	7.66*%
September Rev. Rul. 2011-20	3.26%	7.60*%
October Rev. Rul. 2011-22	3.20%	7.48*%
November Rev. Rul. 2011-25	3.19%	7.44*%
December Rev. Rul. 2011-31	3.20%	7.47*%

*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