low-income housing tax credit

low-income housing tax credit definition - finance
A deduction-equivalent credit that offsets up to $25,000 of income, available to owners of residential, low-income rental property. Depending upon when the property was purchased, income limitations may apply.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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