Expiration of credits. Except for unused credits carried forward pursuant to § 47-4803(c) and for credits claimed under regulations promulgated by the Department consistent with the special rule set forth in section 42(f)(2) of the 1986 Internal Revenue Code , as amended and in effect for the taxable year, a project shall not be eligible for any District of Columbia low-income housing tax credits for more than 11 taxable years. (Feb. 26, 2015, D.C. Law 20-155, § 7142(b), 61 DCR 9990; Sept. 18, 2024, D.C. Law 25-217, § 2162(f), 71 DCR 9990.) Emergency Legislation For temporary (90 days) amendment of this section, see § 2162(f) of Fiscal Year 2025 Budget Support Emergency Act of 2024 (D.C. Act 25-506, July 15, 2024, 71 DCR 8406).
District of Columbia Legal Code