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Post details: IRS Waives Low-Income Housing Limits in Indiana and Iowa (IR-2008-81)
06/20/08
IRS Waives Low-Income Housing Limits in Indiana and Iowa (IR-2008-81)
CCH (cch.taxgroup.com) reports:
The IRS will waive certain limits for the low-income housing tax credit in Indiana and Iowa in order to allow qualified low-income housing projects located anywhere in those states to provide housing to victims of the recent storms and flooding. The IRS plans to issue formal guidance detailing this relief shortly.
IR-2008-81,
2008FED ¶46,477
Other References:
Code Sec. 42
CCH Reference - 2008FED ¶4385.27
Tax Research Consultant
CCH Reference - TRC BUSEXP:54,200
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