Section 42, Low-Income Housing Credit Average Income Test Procedures
other · IRS · Rule · Published 2025-09-30 · Effective 2025-09-30 · 90 FR 46756
Document
Document number
2025-19005
Federal Register citation
90 FR 46756
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations and removal of temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2025-09-30
Effective date
2025-09-30
Treasury docket
TD 10036
Abstract
This document contains final regulations setting forth recordkeeping and reporting requirements for the average income test for purposes of the low-income housing credit. If a building is part of a residential rental project that satisfies the average income test, the building may be eligible to earn low-income housing credits. These final regulations affect owners of low-income housing projects, State or local housing credit agencies that monitor compliance with the requirements for low-income housing credits, and, indirectly, tenants in low-income housing projects.