Tax Credit Percentages 2016
| 30% | 70% | |
| December Rev. Rul. 2016-27 | 3.18% | 7.43*% |
| November Rev. Rul. 2016-26 | 3.17% | 7.39*% |
| October Rev. Rul. 2016-25 | 3.16% | 7.37*% |
| September Rev. Rul. 2016-20 | 3.15% | 7.36*% |
| August Rev. Rul. 2016-18 | 3.15% | 7.35*% |
| July Rev. Rul. 2016-17 | 3.18% | 7.41*% |
| June Rev. Rul. 2016-13 | 3.18% | 7.42*% |
| May Rev. Rul. 2016-11 | 3.18% | 7.42*% |
| April Rev. Rul. 2016-09 | 3.18% | 7.42*% |
| March Rev. Rul. 2016- 07 | 3.19% | 7.44*% |
| February Rev. Rul. 20163- 4 | 3.22% | 7.51*% |
| January Rev. Rul. 2016- 1 | 3.22% | 7.51*% |
*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