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IRS Publishes 2019 State Caps for LIHTCs, Bonds

Thursday, November 15, 2018 - 9:30AM

The Internal Revenue Service today announced the 2019 inflation-adjusted amounts for low-income housing tax credit (LIHTC) and private activity bond (PAB) caps. Revenue Procedure 2018-57 sets the state LIHTC ceiling at the greater of $2.75625 multiplied by the state population or $3,166,875. Due to the 12.5 percent LIHTC allocation boost enacted as part of the fiscal year 2018 omnibus spending bill and inflation, the per-capita number is an increase of 36 cents over the 2018 figure and the state minimum is a jump of $401,875. The state ceiling for PAB volume will be the greater of $105 multiplied by the state population or $316,745,000. The per-capita figure is unchanged from 2018, but the state minimum is an increase of $5.4 million.

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