Low Income Housing Tax Credit. The Mortgagor must agree to subject the Development to the extended low income use commitment required by Section 42 of the Code, pursuant to a Low Income Housing Tax Credit Regulatory Agreement.
Low Income Housing Tax Credit aligned portion of apartments shall target middle-income families or individuals with incomes up to eighty percent (80%) Area Median Income (“AMI”) for a
Low Income Housing Tax Credit a. The definition of “Low Income Housing Tax Credit” contained in Section 102 of the DDA entitled Definition is hereby deleted in its entirety.
Low Income Housing Tax Credit. This bill implements a cap of $135 million on the amount of tax credits that may be authorized in a given fiscal year under the Missouri Low-Income Housing Tax Credit program. The bill also prohibits the issuance of tax credits for the 4% credit for projects financed through tax-exempt bond issuance (Section 135.352). MOTOR FUEL TAX Beginning January 1, 2019, this bill increases the rate of motor fuel tax from $0.17/gallon to $0.23/gallon (Section 142.803). INCOME TAX Current law provides for a reduction in the top rate of income tax over a period of years from 6% to 5.5%, with each cut becoming effective if net general revenue collections meet a certain
Low Income Housing Tax Credit. Notwithstanding anything contained in this Lease to the contrary the use of the Project Real Property and Flat Creek Apartments by the Lessee shall at all times comply with the rules of the Low-Income Housing Tax Credit Program administered by the U.S. Department of Treasury. In addition, The Owner and the Lessee are prohibited from engaging in any activity or from using the Flat Creek Apartments or the Project Real Property for any purposes or use that would cause the loss of tax credits issued pursuant to Section 42 of the Internal Revenue Code to the Flat Creek Apartments.
Low Income Housing Tax Credit. There shall have occurred any change, event or condition in any currently effective or proposed legislation with respect to Low Income Housing Tax Credit under Section 42 of the Code that has or is reasonably likely to have any Material Adverse Effect.
Low Income Housing Tax Credit. (“LIHTC”): If the Project is the recipient of federal LIHTC, Xxxxxxx agrees to comply with Section 42 of the Internal Revenue Code of 1986, as amended, and all rules and regulations thereunder.
