CREDIT PERIOD

What is CREDIT PERIOD?

CREDIT PERIOD meaning in Urban terms is The term “credit period” means, with respect to any building, the span of taxable years beginning with the taxable year in which the building is placed in service, or at the election of the taxpayer, the succeeding taxable year, but only if the building is a qualified low-income building as of the close of the first year of such period.

 

reference: Glossary of HUD Terms | US Department of Housing and Urban Development

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