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IRS Releases Population Estimates for 2015

Monday, March 23, 2015 - 7:00AM

The Internal Revenue Service (IRS) today released Notice 2015-23, which lists its  2015 Calendar Year Resident Population Figures. These figures are used to determine states’ 2015 low-income housing tax credit (LIHTC) ceiling and tax-exempt private activity bond caps. Under Rev. Proc. 2014-61, each state’s LIHTC ceiling in 2015 is the greater of $2.30 multiplied by the state population or $2.68 million; a state’s tax-exempt bond volume cap will be the greater of $100 multiplied by the state population or $301,515,000.

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