IRS Releases New Guidance On 4% LIHTC Credit Rate Floor
Published:
Dec 15, 2021
Federal legislation enacted at the end of 2020 created a 4% floor for federal low-income housing tax credits associated with tax-exempt multifamily bonds, but was ambiguous with respect to projects still under construction with bonds issued before 2021. The 4% floor greatly increased the value of such credits because of...
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