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IRS INCREASES LIHTC, BOND CAPS FOR 2012

Thursday, October 20, 2011 - 7:00AM

The Internal Revenue Service (IRS) announced in Revenue Procedure 2011-52 the inflation-adjusted low-income housing tax credit (LIHTC) and private activity bond caps for 2012. For calendar year 2012, the amount used under §42(h)(3)(C)(ii) to calculate the state LIHTC is the greater of $2.20 multiplied by the state population or $2,525,000. The amount used under §146(d)(1) to calculate the state ceiling for the volume cap for private activity bonds in 2012 is the greater of $95 multiplied by the state population or $284,560,000.

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