Update to Schedule A (Form 8610) (Rev. November 2021) for the 4% Minimum Applicable Credit Percentage

 

Thông báo: Nội dung lịch sử


Đây là một tài liệu lưu trữ hoặc lịch sử và có thể không phản ánh luật pháp, chính sách hoặc thủ tục hiện hành.

Specific Instructions for Lines 6a, 6b, and 6c should be updated to add the following.

The 4% minimum applicable credit percentage under section 42(b)(3) does not apply to three situations set forth in Revenue Ruling 2021-20 PDF  and further discussed in  Revenue Procedure 2021-43  PDF.

Situation 1. The 4 percent floor under section 42(b)(3) does not apply to a building which is financed in part with a draw-down exempt facility bond issue that was issued in 2020 and on which one or more draws are taken after December 31, 2020.

Situation 2. The 4 percent floor under section 42(b)(3) does not apply to a building which is financed in part with proceeds of an exempt facility bond issue that was issued in 2020 and in part with proceeds of a different exempt facility bond issue that is issued in a de minimis amount after December 31, 2020.

Situation 3. The 4 percent floor under section 42(b)(3) does not apply to a building which receives an allocation of housing credit dollar amount in 2020 and a de minimis additional allocation after December 31, 2020.

The analysis in this revenue ruling applies only for purposes of determining whether the 4 percent floor under section 42(b)(3) applies to a building.