IRS/Tax Issues
IRS Corrects 2026 Per Capita Multiplier
The IRS released new 2026 per capita multipliers for private activity bonds and LIHTCs in early October and we covered the release in our October 15 edition. The IRS updated Revenue Procedure 2025-32 changing the 9% LIHTC multiplier from $3.05 to $3.416. By the numbers: In the past, the IRS has rounded down the multiplier […]
IRS Releases 2026 Per Capita Multipliers for PAB, LIHTC
The IRS released new 2026 per capita multipliers for private activity bonds and LIHTCs. What’s Next:
Treasury Issues Final Rules for Technology-Neutral Clean Energy Tax Credits
The U.S. Department of the Treasury and Internal Revenue Service (IRS) released final rules for the technology-neutral clean energy tax credits.
Cut-Off Dates Announced to Apply for 2024 Round of IRA’s Low-Income Communities Bonus Credit
The U.S. Department of the Treasury, the Internal Revenue Service (IRS) and the Department of Energy (DOE) announced application cut-off dates for the 2024 round for the Low-Income Communities Bonus Credit Program of the Inflation Reduction Act (IRA) of 2022.
IRS Allocates Additional $8.2 Million in Unused LIHTCs to 28 States
The Internal Revenue Service (IRS) allocated an additional $8.2 million in unused LIHTC carryovers to 28 states, ranging from $1.1 million to Texas to $24,409 to Vermont.
IRS Issues Guidance for Energy Communities, Bonus Credit Program Under the IRA
The IRS issued Notice 2024-30 to expand certain rules for determining what an energy community is for the production and investment tax credits.
IRS Announces Elective Pay Final Regulations for Renewable Energy ITCs
The IRS published the final elective pay regulations for the renewable energy Investment Tax Credit (ITC).
IRS Issues Updated Guidance for Form 8823
The Internal Revenue Service (IRS) issued updated guidance for completing Form 8823, the form used by State and Local LIHTC agencies to notify the IRS in the event of noncompliance or building disposition.
IRS Provides Guidance on Returned Disaster Housing Credit Authority
The Internal Revenue Service (IRS) published Revenue Ruling 2024-5, which provides guidance on the treatment of returned disaster Housing Credits for the 11 states and Puerto Rico that received disaster credit authority in the Taxpayer Certainty and Disaster Tax Relief Act of 2020.
Treasury and IRS Provide Guidance for Clean Energy Producers
The Department of the Treasury and the Internal Revenue Service issued Notice 2024-9 that provides procedures for applicable entities to claim the statutory exception to the application of the phaseouts for elective payment projects that begin construction during calendar year 2024 that fail to satisfy the domestic content requirement.
Treasury and IRS Provide Guidance for Clean Energy Producers
The Department of the Treasury and the Internal Revenue Service issued Notice 2024-9 that provides procedures for applicable entities to claim the statutory exception to the application of the phaseouts for elective payment projects that begin construction during calendar year 2024 that fail to satisfy the domestic content requirement.
IRS Increases 2024 LIHTC and PAB Per Capita Rates, Minimums
In Revenue Procedure 2023-2024 the Internal Revenue Service (IRS) increased the 2024 nine percent LIHTC ceiling to the greater of $2.90 multiplied by the state population or $3,360,000.