I.R.S. Notice 2012-7, 2012-4 IRB 1 (Dec. 21, 2011)

(announcement by IRS that, as applied to property in Iowa, it is suspending some I.R.C. Sec. 42 requirements that normally apply to taxpayers that have property eligible for the low-income housing credit; suspension relates to flooding damage occurring between May 25 and August 1; rules suspended for taxpayers with affected property in Iowa; suspended rules include income limitation requirements, available unit rule, non-transient requirement, and other rules).