234.45 Low-income housing tax credits.
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/wi/chapter-234/234-45-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
234.45 Low-income housing tax credits.
(1)Definitions. In this section:
(a)“Allocation certificate” means a statement issued by the authority certifying that a qualified development is eligible for a state tax credit and specifying the amount of the credit that the owners of the qualified development may claim.
(b)“Compliance period” means the 15-year period beginning with the first taxable year of the credit period.
(c)“Credit period” means the period of 6 taxable years beginning with the taxable year in which a qualified development is placed in service. For purposes of this paragraph, if a qualified development consists of more than one building, the qualified development is placed in service in the taxable year in which the last building of the qualified development is placed in service.