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File (not published): 


  • The Internal Revenue Service has released Revenue Ruling 2012-9, which establishes the applicable Housing Credit percentages under Section 42(b)(2) for March 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 March 2012 Housing Credit percentages are as follows:
    7.43% for the 70% Present Value Credit
    3.18% for the 30% Present Value Credit