{"abstract":"This document contains final regulations setting forth recordkeeping and reporting requirements for the average income test for purposes of the low-income housing credit. If a building is part of a residential rental project that satisfies the average income test, the building may be eligible to earn low-income housing credits. These final regulations affect owners of low-income housing projects, State or local housing credit agencies that monitor compliance with the requirements for low-income housing credits, and, indirectly, tenants in low-income housing projects.","action":"Final regulations and removal of temporary regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2025/09/30/2025-19005.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1","title":26}],"citation":"90 FR 46756","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective date: These regulations are effective on September 30, 2025.","disposition_notes":null,"docket_ids":["TD 10036"],"dockets":[{"supporting_documents":[],"agency_name":"IRS","documents":[{"comment_count":0,"comment_start_date":"2025-09-30","updated_at":"2025-10-01T09:57:41.338-04:00","comment_url":"https://www.regulations.gov/commenton/IRS-2022-0026-0010","allow_late_comments":false,"id":"IRS-2022-0026-0010","comment_end_date":null,"regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"IRS-2022-0026","title":"Section 42, Low-Income Housing Credit Average Income Test Regulations (REG-113068-22)"}],"document_number":"2025-19005","effective_on":"2025-09-30","end_page":46762,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2025/09/30/2025-19005.xml","html_url":"https://www.federalregister.gov/documents/2025/09/30/2025-19005/section-42-low-income-housing-credit-average-income-test-procedures","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2025-19005?publication_date=2025-09-30","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2025-09-30/2025-19005/mods.xml","not_received_for_publication":null,"page_length":7,"page_views":{"count":1368,"last_updated":"2026-06-24 08:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-09-30/pdf/2025-19005.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-19005.pdf?1759149921","publication_date":"2025-09-30","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2025/09/30/2025-19005.txt","regulation_id_number_info":{"1545-BQ47":{"issue":"202504","html_url":"https://www.federalregister.gov/regulations/1545-BQ47/section-42-average-income-test-procedures","title":"Section 42, Average Income Test Procedures","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202504&RIN=1545-BQ47&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1545-BQ47"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BQ47/section-42-average-income-test-procedures","title":"Section 42, Average Income Test Procedures"},"comments_count":0,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2022-0026","supporting_documents_count":0,"docket_id":"IRS-2022-0026","document_id":"IRS-2022-0026-0010","regulation_id_number":"1545-BQ47","title":"Section 42, Low-Income Housing Credit Average Income Test Regulations (REG-113068-22)","checked_regulationsdotgov_at":"2025-10-02T16:55:07Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":46756,"subtype":null,"title":"Section 42, Low-Income Housing Credit Average Income Test Procedures","toc_doc":"Section 42, Low-Income Housing Credit Average Income Test Procedures","toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Rule","volume":90}