Internal Revenue Code Section 42: Full Text

The low income housing tax credit (LIHTC) program is regulated under Section 42 of the Internal Revenue Code. For a general overview of the LIHTC program, click here for an introduction. To learn about the differences between the 9% and 4% LIHTC, click here for details. For information about the set asides, click here to learn about the 20/50, 40/60 and income averaging tests. For an explanation of income limits,…