CFR /  Title 26  /  Part 1  /  Sec. 1.42-0 Table of contents.

This section lists the paragraphs contained in Sec. Sec. 1.42-1 and 1.42-2.

Sec. 1.42-1 [Reserved]

Sec. 1.42-2 Waiver of requirement that an existing building eligible

for the low-income housing credit was last placed in service more than

10 years prior to acquisition by the taxpayer.

(a) Low-income housing credit for existing building

(b) Waiver of 10-year holding period requirement

(c) Waiver requirements

(1) Federally-assisted building

(2) Federal mortgage funds at risk

(3) Statement by the Department of Housing and Urban Development or the Farmers' Home Administration

(4) No prior credit allowed

(d) Application for waiver

(1) Time and manner

(2) Information required

(3) Other rules

(4) Effective date of waiver

(5) Attachment to return

(e) Effective date of regulations [T.D. 8302, 55 FR 21189, May 23, 1990]