Each month, the Internal Revenue Service publishes housing credit percentages that apply to buildings placed in service each month under the Housing Tax Credit program.
Maximum 30% present value credit (PVC) rate
For property acquisition expenditures and federally subsidized new construction or substantial rehabilitation expenditures.
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%.
For more information, see IRS Notice 2008-106, which provides guidance on applying the new 9% floor, or the Housing and Economic Recovery Act of 2008, which set the 9% minimum housing tax credit percentage rate for the 70% credit.
Current Month |
30% PVC |
---|---|
March 2021 | 3.11% |
Recent Months |
30% PVC |
February 2021 | 3.10% |
January 2021 | 3.09% |
December 2020 | 3.09% |
November 2020 | 3.08% |
October 2020 | 3.07% |
September 2020 | 3.07% |
August 2020 | 3.07% |
July 2020 | 3.08% |
June 2020 | 3.07% |
May 2020 | 3.08% |
April 2020 | 3.12% |
March 2020 | 3.17% |