unit fraction
Defined in 1 place of the United States Code.
For purposes of subparagraph (B), the term “unit fraction” means the fraction—
(i) the numerator of which is the number of low-income units in the building, and
(ii) the denominator of which is the number of residential rental units (whether or not occupied) in such building.
Source
- 1994–present26 U.S.C. § 42Internal Revenue Code · Low-income housing credit · for purposes of this section