1.607 -Low Income Housing Tax Credit

Item	Description	FY2008	FY2009	FY2010
1.607	Low Income Housing Tax Credit Provides five years of tax credits to developers who set aside a specified percentage of housing units for low-to-moderate income renters. The credits may be sold or transferred to another taxpayer. Origin: M.G.L. c. 62, S. 6I a Estimate: $1.4	1.2	1.3	1.4

Key:

ORIGIN
IRC	Federal Internal Revenue Code (26 U.S.C.)
U.S.C	United States Code
M.G.L.	Massachusetts General Laws
Rev. Rul.; C.B.	Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES	All estimates are in $ millions.