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NAHMA LIHTC Update: Low-Income Housing Tax Credit Rates for June 2020
- By: admin
- On: 05/18/2020 15:02:31
- In: NAHMA Update
The Internal Revenue Service (IRS) recently issued Revenue Ruling 2020-12, 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 June 2020.
The Internal Revenue Service (IRS) recently issued Revenue Ruling 2020-12, 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 June 2020.
As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for June 2020:
- Appropriate percentage for the 70% present value low-income housing credit: 7.16%
- Appropriate percentage for the 30% present value low-income housing credit: 3.07%
To view the revenue ruling from the IRS online, please click here.
Michal Machnowski
Manager of Government Affairs
National Affordable Housing Management Association
400 N. Columbus St., Suite 203
Alexandria, VA 22314
703-683-8630 (ext. 116)
703-683-8634 (fax)
mmachnowski@nahma.org
NAHMA is the leading voice for affordable housing management, advocating on behalf of
multifamily property managers and owners whose mission is to provide quality affordable housing.