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 Form ST 8 Certificate of Exempt Capital Improvement 2017

Nj St 8 2017-2025 Form

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so you have a company that's been successful and has generated a lot of Revenue over the years when you generate lots of Revenue that means you owe the IRS a lot of taxes so as part of the 1986 tax reform Act Congress created section 42 of the Internal Revenue code otherwise known as the lowincome housing tax credit under this low-income housing tax credit program this company can contribute Capital to or invest in affordable housing projects that will enable low-income families to live in quality housing while paying less than the fair market rent in return for contributing this Capital the company is able to claim tax credits that will reduce its federal income tax liability now obviously the present value of the reduction in tax liability needs to be greater than the capital contributed for the program to be worthwhile to the investor company so how exactly though does the program work what are the mechanics let's talk about those first of all even though the tax cre

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