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IRS Issues LIHTC, Bond Caps for 2003

Thursday, October 31, 2002 - 1:45AM

The Internal Revenue Service (IRS) this week issued Revenue Procedure 2002-70, announcing the inflation-adjusted low-income housing tax credit (LIHTC) and private activity bond caps for 2003. The per-capita limits of $1.75 and $75, respectively, will remain the same, but the state minimums will increase to $2,030,000 for low-income housing tax credits and $228,580,000 for tax-exempt bonds. Click here for Rev. Proc. 2002-70.

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