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  • Revenue Ruling 2001-2 - Low-income Housing Credit; Satisfactory Bond;. Bond Factor Amounts For The

Get Revenue Ruling 2001-2 - Low-income Housing Credit; Satisfactory Bond;. Bond Factor Amounts For The

Ing the bond factor amounts used in calculating the amount of bond considered satisfactory by the Secretary under 42(j)(6) of the Internal Revenue Code. It further announced that the Secretary would publish in the Internal Revenue Bulletin a table of bond factor amounts for dispositions occurring during each calendar month. This revenue ruling provides in Table 1 the bond factor amounts for calculating the amount of bond considered satisfactory under 42(j)(6) for dispositions of qual.

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NOV Related content

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by I TAX · 2001 — This ruling announces the monthly bond factor amounts to be used by...
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Bulletin No. 2002–44 November 4, 2002
Nov 4, 2002 — Rev. Rul. 2002–72, page 759. Low-income housing credit; satisfactory...
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Eradicating Substandard Manufactured Homes:...
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Purpose of Form Owners of residential low-income rental buildings are allowed a low-income housing credit for each qualified building annually over a 10-year credit period. Form 8609 can be used to obtain a housing credit allocation from the housing credit agency.

2085 (1986 Act) created the low-income housing credit under section 42 of the Code. Section 42(a) provides that the amount of the low-income housing credit for any taxable year in the credit period is an amount equal to the applicable percentage of the qualified basis of each qualified low-income building.

Generally, where Form 8609 is the allocating document, the date of the allocation is the date the Form 8609 is completed, signed, and dated by an authorized official of the housing credit agency during the year the building is placed in service.

The minimum set-aside election for a project is made by the owner after the first year of the credit period on IRS Form 8609 line 10(c).

Form 8609 is the IRS document that credit allocating agencies give to property owners as evidence that the owner is eligible to claim low-income housing tax credits (LIHTCs).

The minimum set-aside is a project assignment. If a project is unable to meet the 20% or 40% minimum requirement by the end of the first year of the credit period, the project is disqualified as a tax credit project.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232