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IRS Releases Population Estimates for 2014

Monday, February 24, 2014 - 8:00AM

The Internal Revenue Service (IRS) today released its 2014 Calendar Year Resident Population Figures. These figures are used to determine states’ 2014 low-income housing tax credit (LIHTC) ceilings and tax-exempt private activity bond caps. Each state’s LIHTC ceiling in 2014 is equal to the greater of $2.30 multiplied by the state population or $2.635 million; a state’s tax-exempt bond volume cap will be the greater of $100 multiplied by the state population or $296,825,000. Notice 2014-12 includes the population estimates for each state, territory and insular area.

Tune into the March 4 Tax Credit Tuesday podcast to hear more about the 2014 population estimates.

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