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IRS PUBLISHES LIHTC, BOND CAPS FOR 2014

Thursday, October 31, 2013 - 7:00AM

The Internal Revenue Service (IRS) today announced in Revenue Procedure 2013-35 the inflation-adjusted low-income housing tax credit (LIHTC) and private activity bond caps for 2014. For calendar year 2014, the amount used under §42(h)(3)(C)(ii) to calculate the state LIHTC ceiling is the greater of $2.30 multiplied by the state population, up from $2.25 in 2013,  or $2,635,000, up from $2,590,000. The amount used under §146(d)(1) to calculate the state ceiling for the volume cap for private activity bonds in 2014 is the greater of $100 multiplied by the state population, up from $95 in 2013, or $296,825,000, up from $291,875,000.

Tune into the Nov. 5 episode of the Tax Credit Tuesday podcast to learn more.

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