gross rent
Defined in 2 places of the United States Code.
Paragraphs (2) (other than subparagraph (A) thereof), (3), (4), (5), (6), and (7) of section 142(d), and section 6652(j), shall apply for purposes of determining whether any project is a qualified low-income housing project and whether any unit is a low-income unit; except that, in applying such provisions for such purposes, the term “gross rent” shall have the meaning given such term by paragraph (2)(B) of this subsection.
Source
- 1994–present26 U.S.C. § 42Internal Revenue Code · Low-income housing credit · for purposes of this section
The term “gross rent” includes—
(I) any payment under section 8 of the United States Housing Act of 1937, and
(II) any utility allowance determined by the Secretary after taking into account such determinations under such section 8.
Source
- 1994–present26 U.S.C. § 142Internal Revenue Code · Exempt facility bond · for purposes of this section