NAHMA LIHTC Update: Low-Income Housing Tax Credit Rates for April 2017March 17, 2017 Today, the Internal Revenue Service (IRS) issued Revenue Ruling 2017-08, which provides various prescribed rates for federal income tax purposes, including applicable federal interest rates, adjusted applicable federal interest rates, and adjusted long-term and tax-exempt rates for April 2017. As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for April 2017, which include a slight increase over March:
Note: Under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, shall not be less than 9%. To view the revenue ruling from the IRS, please click here. |