State housing credit ceiling definition
State housing credit ceiling means the state housing credit ceiling as defined in Internal Revenue Code § 42(h)(3)(C).
State housing credit ceiling means the amount specified in Subsection
State housing credit ceiling means the amount specified in Subsection 42(h)(3)(C) of the Internal Revenue Code for each calendar year.
More Definitions of State housing credit ceiling
State housing credit ceiling means the number
State housing credit ceiling means $25 million
State housing credit ceiling means the total amount of tax credits available for allocation by the State of Oklahoma pursuant to 26 U.S.C., Section 42(h)(3)(C) and initially under the control of the entity described in subsection A of Section 5 of this act; and
State housing credit ceiling means the state ceiling for the tax credit used with those projects financed with the proceeds of taxable or non-tax-exempt means of financing, which, as currently provided by Federal Tax
State housing credit ceiling means the limitation imposed by IRC Section 42(h) on the aggregate amount of housing credit allocations that may be made by the authority during any calendar year, as determined from time to time by the authority in accordance with IRC Section 42(h)(3).
State housing credit ceiling means the maximum amount of Tax Credits a state is permitted to allocate in each year, which for 2009 equals the greater of $2.30 per resident of the state or