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Tax Credit Percentages 2020

 30%70%
December
Rev. Rul. 2020-26
3.09%7.20%
November
Rev. Rul. 2020-22
3.08%7.18%
October
Rev. Rul. 2020-20
3.07%7.17%
September
Rev. Rul. 2020-16
3.07%7.15%
August
Rev. Rul. 2020-15
3.07%7.17%
July
Rev. Rul. 2020-14
3.08%7.18%
June
Rev. Rul. 2020-12
3.07%7.16%
May
Rev. Rul. 2020-11
3.08%7.20%
April
Rev. Rul. 2020-09
3.12%7.28%
March
Rev. Rul. 2020-06
3.17%7.40%
February
Rev. Rul. 2020-03
3.19%7.45%
January
Rev. Rul. 2020-01
3.18%7.43%

 

*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. TheProtecting Americans from Tax Hikes Act of 2015 permanently extended the minimum low-income housing tax credit rate for non-federally subsidized buildings.  

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