2020 LIHTC 9 Percent Carryover Application

Sep 14, 2020 · If a project is not placed in service by December 31 of the year the project received a tax credit allocation, the credit award will be lost. An exception to the general rule is made if: The ownership entity (taxpayer) has incurred more than 10% of the reasonably expected basis* in the development within twelve (12) months after the date the ... ................
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