Efficiency. 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. (Feb. 26, 2015, D.C. Law 20-155, § 7142(b), 61 DCR 9990.)
District of Columbia Legal Code