Deadline For Comments On Alternative Method For Determining Purchase Price Limits For Single-Family Bonds Under §143 Of The Internal Revenue Code
Purchase price limits for single-family bonds have been based on FHA limits since 2004. As was the case in 2011, the Internal Revenue Service (“IRS”) is considering a substantial change to the data source used to determine such limits. Please be advised that the deadline for comments on the alternative method for determining average area purchase price safe harbor limits set forth in IRS Rev. Proc. 2012-25 is July 15, 2012 as previously noted in our April 25, 2012 Hawkins Advisory. To the extent you have concerns about changes to the methodology for purchase price limits, we urge you to submit comments by the deadline.
Also of Interest
- Qualified Opportunity Zones
This Hawkins Advisory issue describes the Qualified Opportunity Zones - IRC Sections 1400Z-1 and 1400Z-2.
- 2018 Area Median Gross Income Figures
This issue of the Hawkins Advisory contains information of specific interest to single-family housing bond issuers regarding area median gross income figures.
- Rev. Proc. 2018-26: Supplemental Remedial Action Rules for Tax Advantaged Bonds
This issue of the Hawkins Advisory describes remedial action provisions set forth in Rev. Proc. 2018-26.
- Average Area and Nationwide Purchase Price Safe Harbor Limits
This issue of the Hawkins Advisory contains information of specific interest to single-family housing bond issuers regarding Average Area and Nationwide Purchase Price Safe Harbor Limits.