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IRS Publishes Population Figures to Determine LIHTC, PAB Caps for 2020

Monday, March 2, 2020 - 9:30AM

The Internal Revenue Service published Notice 2020-10, providing population figures to calculate calendar-year 2020 limits for low-income housing tax credit (LIHTC) and private activity bonds (PABs) for all 50 states, Washington, D.C., and  Puerto Rico. The LIHTC cap for each state is the greater of the population multiplied by $2.8125 or $3,217,500. The PAB cap is the greater of the population multiplied by $105 or $321,775,000.

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