# Section 42 Qualified Contract Provisions
> **IRS** · Final Regulations. · Published 2012-05-03 · Effective 2012-05-03 · 77 FR 26175
## Document
- **Document number:** 2012-10638
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 77 FR 26175
- **CFR reference:** 26 CFR 1
- **Publication date:** 2012-05-03
- **Effective date:** 2012-05-03
- **Treasury docket:** TD 9587
## Abstract

This document contains final regulations that provide guidance concerning taxpayers' (that is, owners') requests to housing credit agencies to obtain a qualified contract (as defined in section 42(h)(6)(F) of the Internal Revenue Code) for the acquisition of a low- income housing credit building. Section 42(h)(6)(F) requires the Secretary to prescribe such regulations as may be necessary or appropriate to carry out the provisions of section 42(h)(6)(F), including regulations to prevent the manipulation of the qualified contract amount. The regulations will affect owners requesting a qualified contract, potential buyers, and low-income housing credit agencies responsible for the administration of the low-income housing credit program.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2012/05/03/2012-10638/section-42-qualified-contract-provisions)
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