107 STAT. 438 PUBLIC LAW 103-66 —AUG. 10, 1993 26 USC 42. (1) IN GENERAL.— Section 42 (relating to low-income housing credit) is amended by striking subsection (o). 26 USC 42 note. (2) EFFECTIVE DATE. —The amendment made by paragraph (1) shall apply to periods ending after June 30, 1992. (b) MODIFICATIONS.— (1) HOUSING CREDIT AGENCY DETERMINATION OF REASON- ABLENESS OF PROJECT COSTS.—Subparagraph (B) of section 42(m)(2) (relating to credit allocated to building not to exceed amount necessary to assure project feasibility) is amended— (A) by striking "and" at the end of clause (ii), (B) by striking the period at the end of clause (iii) and inserting ", and", and (C) by inserting after clause (iii) the following new clause: "(iv) the reasonableness of the developmental and operational costs of the project." (2) UNITS WITH CERTAIN FULL-TIME STUDENTS NOT DISQUALI- FiED.Subparagraph (D) of section 42(i)(3) (defining low-income unit) is amended to read as follows: "(D) CERTAIN STUDENTS NOT TO DISQUALIFY UNIT. — A unit shall not fail to be treated as a low-income unit merely because it is occupied^— "(i) by an individual who is— "(I) a student and receiving assistance under title IV of the Social Security Act, or "(II) enrolled in a job training program receiving assistance under the Job Training Partnership Act or under other similar Federal, State, or local laws, or "(ii) entirely by full-time students if such students are— "(I) single parents and their children and such parents and children are not dependents (as defined in section 152) of another individual, or "(II) married and file a joint return." (3) TREASURY WAIVERS OP CERTAIN DE MINIMIS ERRORS AND RECERTIPICATIONS. —Subsection (g) of section 42 (relating to qualified low-income housing projects) is amended by adding at the end thereof the following new paragraph: "(8) WAIVER OF CERTAIN DE MINIMIS ERRORS AND RECERTIPICATIONS.— On application by the taxpayer, the Secretary may waive— "(A) any recapture under subsection (j) in the case of any de minimis error in complying with paragraph (1), or "(B) any annual recertification of tenant income for purposes of this subsection, if the entire building is occupied by low-income tenants." (4) DISCRIMINATION AGAINST TENANTS PROHIBITED.— Section 42(h)(6)(B) (defining extended low-income housing commitment) is amended by redesignating clauses (iv) and (v) as clauses (v) and (vi) and by inserting £dter clause (iii) the following new clause: "(iv) which prohibits the refusal to lease to a holder of a voucher or certificate of eligibility under section 8 of the United States Housing Act of 1937 because
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