Finance & markets · 03/10/1994

IRS Issues Final Regulations on Low-Income Housing Credit Ceiling and Rules

The Internal Revenue Service (IRS) has released final regulations governing the low-income housing credit, outlining rules for allocating credit dollar amounts among states and determining which states qualify for a national pool of credit. The new rules aim to provide clarity for state and local housing credit agencies and taxpayers receiving credit allocations, helping them comply with the Internal Revenue Code.