IRS rule agenda includes housing tax credits

Credit to the folks at Novogradac for spotting this one: the new IRS Priority Guidance Plan is out, and the items include these under General Tax Issues:

5. Guidance under section 42 regarding the low income housing credit.

6. Proposed regulations under section 42(h) regarding the requirements for a qualified contract.

Of further possible interest to affordable housing and community development folks are plans to issue guidance on the Work Opportunity Tax Credit and the Welfare-to-Work Credit, and on Sec. 141 regarding refundings and "allocation and accounting provisions" for tax-exempt bonds.

There's a handy appendix of "Regularly Scheduled Publications" as well, including the reminder that March '06 is the next publication date for the population figures that determine each state's share of housing tax credits and tax-exempt bonds.