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IRS Publishes LIHTC, Bond Caps for 2015

Thursday, October 30, 2014 - 7:00AM

The Internal Revenue Service (IRS) today announced in Revenue Procedure 2014-61 the inflation-adjusted low-income housing tax credit (LIHTC) and private activity bond caps for 2015. For calendar year 2015, the amount used under §42(h)(3)(C)(ii) to calculate the state housing credit ceiling for the LIHTC is the greater of $2.30 multiplied by the state population—the same as 2014—or $2,680,000, up from $2,635,000. The amount used under §146(d)(1) to calculate the state ceiling for the volume cap for private activity bonds in 2015 is the greater of $100 multiplied by the state population—the same as 2014—or $301,515,000, up from $296,825,000.

Tune into the Nov. 4 episode of the Tax Credit Tuesday podcast to learn more.

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