Unformatted text preview: • Provided the property maintains compliance with the program requirements, investors receive a dollar-for-dollar credit against their Federal tax liability each year over a period of 10 years. The amount of the annual credit is based on the amount invested in the affordable housing. • A recognition of partial payment already made towards taxes due . • A state benefit paid to workers through the tax system, which has the effect of increasing (rather than reducing) net income ....
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- Fall '09
- Revenue, Taxation in the United States, tax credit, affordable rental housing, Federal housing tax