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IRS PUBLISHES LIHTC, BOND CAPS FOR 2013

Thursday, October 18, 2012 - 8:00AM

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 the inflation-adjusted low-income housing tax credit (LIHTC) and private activity bond caps for 2013. For calendar year 2013, the amount used under §42(h)(3)(C)(ii) to calculate the state LIHTC ceiling is the greater of $2.25 multiplied by the state population or $2,590,000. The amount used under §146(d)(1) to calculate the state ceiling for the volume cap for private activity bonds in 2013 is the greater of $95 multiplied by the state population or $291,875,000.

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