Data / Federal rules / 2025-19005
Section 42, Low-Income Housing Credit Average Income Test Procedures
The Internal Revenue Service published this final rule in the Federal Register on September 30, 2025. It took effect on September 30, 2025.
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What the agency says
This document contains final regulations setting forth recordkeeping and reporting requirements for the average income test for purposes of the low-income housing credit. If a building is part of a residential rental project that satisfies the average income test, the building may be eligible to earn low-income housing credits. These final regulations affect owners of low-income housing projects, State or local housing credit agencies that monitor compliance with the requirements for low-income housing credits, and, indirectly, tenants in low-income housing projects.
Key facts
- Document number
- 2025-19005
- Type
- Final rule
- Action
- Final regulations and removal of temporary regulations
- Agency
- Treasury Department; Internal Revenue Service
- Published
- September 30, 2025
- Takes effect
- September 30, 2025
- Dates
- Effective date: These regulations are effective on September 30, 2025.
- Docket
- TD 10036
- Regulation ID (RIN)
- 1545-BQ47
- Code of Federal Regulations
- 26 CFR 1
- Topics
- Income taxes; Reporting and recordkeeping requirements
- Pages
- 7
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Everything from the Internal Revenue Service · Rules on income taxes · Rules on reporting and recordkeeping requirements · Published in September 2025
Read from the Federal Register API, last updated 2026-10-24. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.