Housing Tax Credits definition

Housing Tax Credits means any low-income housing credits to tax allowed to the Partnership and its partners under Section 42 of the Code.
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Housing Tax Credits means any low-income housing tax credits under Section 42 of the Code.
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Housing Tax Credits or “HTC” means the federal low-income housing tax credits allocated by the TDHCA acting under Section 42(h) of the Code.
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Examples of Housing Tax Credits in a sentence

  • Transfers (other than those that do not require Executive Director approval, as set forth in subsection (b) of this section) will not be approved prior to the issuance of IRS Form(s) 8609 (for Housing Tax Credits) or the completion of construction (for all Developments funded through other Department programs) unless the Development Owner can provide evidence that the need for the transfer is due to a hardship (ex.

  • A federally recognized Indian tribe located in California, or an entity established by the tribe to undertake Indian housing projects, including projects funded with federal Low Income Housing Tax Credits.

  • The 1986 Tax Reform Act created the low-income housing tax credit program under §42 of the Internal Revenue Code of 1986, as amended (together with the Treasury Regulations promulgated thereunder, the Internal Revenue Code), to encourage the private sector to invest in the construction and rehabilitation of housing for low and moderate income individuals and families by providing qualified project owners with Low-Income Housing Tax Credits (LIHTC) against their federal income tax obligations.

  • The guidelines make a provision for housing credit agencies to implement the subsidy layering reviews for projects that are at least receiving HUD housing assistance and are receiving or allocated Low Income Housing Tax Credits.

  • Prior to the issuance of IRS Form(s) 8609 (for Housing Tax Credits) or the completion of construction (for all Developments funded through other Department programs) an Applicant may request an amendment to its ownership structure to add Principals.

  • Only new construction projects and rehabilitation projects not subject to an existing Declaration of Land Use Restrictive Covenants for Low-Income Housing Tax Credits are eligible to utilize income averaging.

  • Federal Law requires MFA to develop and implement a compliance-monitoring program for completed Projects that have received Low Income Housing Tax Credits.

  • Each owner has chosen to utilize Low Income Housing Tax Credits to take advantage of the tax benefits provided.

  • Evidence of site control shall be submitted with the application for Low Income Housing Tax Credits.

  • If the property has Low Income Housing Tax Credits on it, a lower income cap will apply.

Related to Housing Tax Credits

  • working tax credit means a working tax credit under section 10 of the Tax Credits Act 2002;

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Qualifying tax rate means the applicable tax rate for the taxable year for the which the taxpayer paid income tax to a municipal corporation with respect to any portion of the total amount of compensation the payment of which is deferred pursuant to a nonqualified deferred compensation plan. If different tax rates applied for different taxable years, then the “qualifying tax rate” is a weighted average of those different tax rates. The weighted average shall be based upon the tax paid to the municipal corporation each year with respect to the nonqualified deferred compensation plan.

  • Tax Credits means any and all (a) investment tax credits, (b) production tax credits and (c) similar tax credits or grants under federal, state or local law relating to the construction, ownership or production of energy from the System.

  • Input Tax Credit means the credit of input tax;

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