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For September 2010:
9%: 7.65 | 4%: 3.28
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Previous Month's Credits
The IRS publishes monthly credit percentages that apply to low-income housing tax credit buildings placed in service that month. There are two rates: the 70% present value credit (PVC) and the 30% present value credit. The maximum 70% rate is available for low-income new construction and substantial rehabilitation expendiretures that are not federally subsidized. The maximum 30% rate applies to acquisition expenditures and to federally subsidized low-income new construction or substantial rehabilitation expenditures.
*Note: The Housing and Economic Recovery Act of 2008 provides for a flat minimum percentage of 9% for the 70% present value housing credit for projects placed in service after July 30, 2008.
Tax forms and publications in the PDF format can be viewed, navigated and printed from a workstation using the freely available Acrobat Reader software from Adobe Systems Inc.
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