Low-income housing credit under section 42, compliance - KPMG United States
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Final regulations: Low-income housing credit under section 42, compliance monitoring

Low-income housing credit under section 42, compliance

The U.S. Treasury Department and IRS this afternoon released for publication in the Federal Register final regulations (T.D. 9848) concerning compliance monitoring rules for the low-income housing credit under section 42.

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The final regulations [PDF 238 KB] revise and clarify the requirement to conduct physical inspections and review low-income certifications and other documentation.

The regulations are scheduled to be published in the Federal Register on February 26, 2019.

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