January Housing Credit Percentages

The Internal Revenue Service has released Revenue Ruling 2012-2, which establishes the applicable Housing Credit percentages under Section 42(b)(2) for January 2012.

Note: Under Section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, and before December 31, 2013, shall not be less than 9%.

The January 2012 Housing Credit percentages are as follows:
7.44% for the 70% Present Value Credit
3.19% for the 30% Present Value Credit