District of Columbia § 47-4809 Efficiency.

District of Columbia Statutes

§ 47-4809 — Efficiency.

District of Columbia·Title 47 Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]·Ch. 48 District of Columbia Low-Income Housing Tax Credit

The Department may pursue methods of enhancing the efficiency of the District of Columbia low-income housing tax credit program, including,

(1)Pursuing opinions from the United States Department of Treasury’s Internal Revenue Service in the form of:

(A)General Counsel memoranda;

(B)Private letter rulings and other notices,:

(C)Rulings; or

(D)Guidelines; and

(2)Reviewing other state low-income housing tax programs that have an option for taxpayers to receive such tax credit in the form of a loan generated by transferring the credit to a designated state entity.

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The Department may pursue methods of enhancing the efficiency of the District of Columbia low-income housing tax credit program, including,

(1) Pursuing opinions from the United States Department of Treasury’s Internal Revenue Service in the form of:

(A) General Counsel memoranda;

(B) Private letter rulings and other notices,:

(C) Rulings; or

(D) Guidelines; and

(2) Reviewing other state low-income housing tax programs that have an option for taxpayers to receive such tax credit in the form of a loan generated by transferring the credit to a designated state entity.

District of Columbia § 47-4809 (Efficiency.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.