摘要：从税收抵免额度的计算标准、税收抵免额度的分配和使用及税收抵免计划的监管等方面分析LIHTC计划的运行机制。在对税收抵免、直接补贴、税收减免的政策激励效果进行理论比较的基础上，指出LIHTC计划具有更明显的经济激励效果、能够弥补需求端政策的不足、覆盖人群广、多级监管机制和可与多种政策组合等特点。最后，针对我国租赁型保障房建设推行税收抵免政策，从税收抵免运行机制构建、住房租赁企业作为社会资本参与主体和与自持运营项目合作三个方面提出政策建议。
关键词：社会资本；租赁型保障房；LIHTC；税收抵免额度
Abstract：The paper analyzes the operation mechanism of LIHTC plan from the aspects of calculation standard of tax credit，distribution and use of tax credit and supervision of tax credit plan. Based on the theoretical comparative analysis of incentive effects between tax credits，direct subsidization and deductions，points out several characteristics of LIHTC plan such as better economic incentive effects，covering the shortage of demand-side policy，broad coverage of low-income families，multi-level supervision and its conjunction with other policies. Finally，in view of Chinese tax credit policy incouraging the development of affordable rental housing，puts forward policy suggestions from three aspects：the construction of the operation mechanism of tax credit，housing rental enterprises as the main participants of social capital and cooperation with self-supporting operation projects.
Keywords：social capital；affordable rental housing；LIHTC；tax credit
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