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Quiz | LIHTC Terms

lihtc quiz tax-exempt bonds Mar 26, 2025

This month's quiz explores important terms used in the LIHTC program.

Which of the following terms is not part of the equation used to calculate tax credits?
A. Qualified basis.
B. Eligible basis.
C. Applicable fraction.
D. Minimum set-aside.
Which of the following terms does not describe a period of time in the life of an LIHTC property?
A. Period of affordability.
B. Credit period.
C. Extended use period.
D. Compliance period.
Tax credits that come with tax-exempt bonds are _______________ credits.
A. Allocated.
B. Non-allocated.
Which of the following forms do not directly relate to the LIHTC?
A. 8823.
B. 1040.
C. 8609.
D. 8611.

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