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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

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