§ 1.42-1. Limitation on low-income housing credit allowed with respect to qualified low-income buildings receiving housing credit allocations from a State or local housing credit agency.

Other regulations under § 42

• § 1.42-0 Table of contents.
• § 1.42-0T Table of contents.
• § 1.42-1T Limitation on low-income housing credit allowed with respect to qualified low-income buildings receiving housing credit allocations from a State or local housing credit agency (temporary).
• § 1.42-3 Treatment of buildings financed with proceeds from a loan under an Affordable Housing Program established pursuant to section 721 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA).
• § 1.42-4 Application of not-for-profit rules of section 183 to low-income housing credit activities.
• § 1.42-5 Monitoring compliance with low-income housing credit requirements.
• § 1.42-6 Buildings qualifying for carryover allocations.
• § 1.42-8 Election of appropriate percentage month.
• § 1.42-9 For use by the general public.
• § 1.42-10 Utility allowances.
• § 1.42-11 Provision of services.
• § 1.42-12 Effective dates and transitional rules.
• § 1.42-13 Rules necessary and appropriate; housing credit agencies' correction of administrative errors and omissions.
• § 1.42-14 Allocation rules for post-2000 State housing credit ceiling amount.
• § 1.42-15 Available unit rule.
• § 1.42-16 Eligible basis reduced by federal grants.
• § 1.42-17 Qualified allocation plan.
• § 1.42-18 Qualified contracts.
• § 1.42-19 Average income test.

Cross-references

Computed from the citations in the text of 26 CFR.

Code sections it cites

• § 42 Low-income housing credit

Regulations it cites

• § 1.42-1T Limitation on low-income housing credit allowed with respect to qualified low-income buildings receiving housing credit allocations from a State or local housing credit agency (temporary).

Cited by 2 other regulations

• § 1.42-0 Table of contents.
• § 1.42-1T Limitation on low-income housing credit allowed with respect to qualified low-income buildings receiving housing credit allocations from a State or local housing credit agency (temporary).

Amendment history

From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.

1. November 7, 2005Amended by T.D. 9228 (70 FR 67356)
2. January 27, 2004Issued by T.D. 9112 (69 FR 3827)

Where it sits in 26 CFR

1. Subchapter A Income tax
2. Part 1 Income taxes
3. General Business Credits

Nearby sections

• § 1.41-8 Alternative incremental credit applicable for taxable years beginning on or before December 31, 2008.
• § 1.41-9 Alternative simplified credit.
• § 1.42-0 Table of contents.
• § 1.42-0T Table of contents.
• § 1.42-1 Limitation on low-income housing credit allowed with respect to qualified low-income buildings receiving housing credit allocations from a State or local housing credit agency.
• § 1.42-1T Limitation on low-income housing credit allowed with respect to qualified low-income buildings receiving housing credit allocations from a State or local housing credit agency (temporary).
• § 1.42-3 Treatment of buildings financed with proceeds from a loan under an Affordable Housing Program established pursuant to section 721 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA).
• § 1.42-4 Application of not-for-profit rules of section 183 to low-income housing credit activities.
• § 1.42-5 Monitoring compliance with low-income housing credit requirements.