Tax Credit Percentages 2021
| 30% | 70% | |
| December Rev. Rul. 2021-23 |
3.15% | 7.36% |
| November Rev. Rul. 2021-21 |
3.14% | 7.34% |
| October Rev. Rul. 2021-18 |
3.13% | 7.30% |
| September Rev. Rul. 2021-16 |
3.13% | 7.30% |
| August Rev. Rul. 2021-14 |
3.14% | 7.33% |
| July Rev. Rul. 2021-12 |
3.15% | 7.35% |
| June Rev. Rul. 2021-09 |
3.15% | 7.35% |
| May Rev. Rul. 2021-08 |
3.16% | 7.37% |
| April Rev. Rul. 2021-07 |
3.14% | 7.33% |
| March Rev. Rul. 2021-05 |
3.11% | 7.26% |
| February Rev. Rul. 2021-04 |
3.10% | 7.23% |
| January Rev. Rul. 2021-01 |
3.09% | 7.21% |
Note:
Under Section 42(b)(2), the applicable percentage for buildings placed in service after July 30, 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. 5771, the Tax Increase Prevention Act of 2014, which amended and extended the provision. TheProtecting 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
Note:
As enacted by the Consolidated Appropriations Act 2021, under Section 42(b)(3), the applicable percentage for LIHTC allocations made after Dec. 31, 2020, shall not be less than 4%. This applies to any building that receives an LIHTC allocation after Dec. 31, 2020, and in the case of any building any portion of which is financed with an obligation described in IRC Section 42(h)(4)(A) , any such building if any such obligation which so finances such building is issued after Dec. 31, 2020.