Low-Income Housing Credit

Benefit

Percentage

—

Flat

—

Duration

—

Max annual

— (taxpayer)

Max total

— (taxpayer)

Carryforward

—

Program metadata

Distribution

allocated

Claimant subject

business

Refund/transfer election

—

Program family

—

Effective

—

Sunset

—

Application deadline

—

Transfer discount

—

Hard requirements (1)

• local_approval_requiredCredits must be allocated by New York State Housing Finance Agency (HCR) via competitive selection

Preference / tiering rules (0)

None.

NAICS industries (0)

Any.

Geo zones (1)

• statewide — · Statewide (allocated by HCR)

Tags (4)

• requires_application: true
• pre_approval_required: true
• allocation_method: ceiling_allocated
• annual_cap_amount: 40000000

Tax bases

• corporate_income_taxprimary