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Nys it 258 Form

Nys it 258 Form

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preferred compliance solutions presents low-income housing tax credits a quick overview of how they work congress created the low-income housing tax credit program in 1986. each state has an agency that monitors the program and those state agencies report to the irs [Music] the states create a qualified allocation plan each year that developers or general partners apply for to be awarded an allocation of tax credits the developers then partner with syndicators or investors to get the financing to build or rehab the property in exchange the syndicators get 99.9 percent of the tax credits a dollar for dollar reduction of their tax liability once the property is built the developer or gp will partner with a management company and that management company will run the day-to-day operations of the property easy right

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