Low Income Housing Tax Credit Market Studies and Appraisal
Low Income Housing Tax Credit (LIHTC or Housing Tax Credit) program has been made a permanent element of chapter 42 of the Federal Income Tax Code. Owners of Low Income Housing Tax Credit Properties receive tax credits for a portion of the construction/renovation cost. Tax credits can be used to directly reduced federal income taxes. (Tax deductions reduce taxable income and thereby indirectly reduce income taxes.)
The History of Income Tax in the United States of America
At one time in history, income tax in the United States of America didn't even exist However, today Americans say "only two things are certain: income tax and death"
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