Publisher's Synopsis
Excerpt from Present Law and Issues Relating to the Low-Income Housing and Rehabilitation Tax Credits: Scheduled for Hearings Before the Subcommittee on Select Revenue Measures of the House Committee on Ways and Means, on May 23, 1989 and June 6, 1989
A tax credit may be claimed by owners of newly constructed habilitated, and newly acquired existing residential rental prop used for low-income housing. The credit is claimed ally for a period of 10 years. For buildings placed 1987, the credit percentages are adjusted month credit (over a 10 year period) with a present value cent of the qualified basis in the building. In the of existing housing and of newly constructed or ing receiving other Federal subsidies (including monthly adjustments are made to maintain a 30-percent value for the credit. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
