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January 2, 2020
Periodical News Brief

The Internal Revenue Service (IRS) Nov. 7, 2019, issued Revenue Procedure 2019-44 for the inflation-adjusted amounts for states’ low-income housing tax credit (LIHTC) and private activity bonds (PAB) for 2020. Revenue Procedure 2019-44 sets the state ceiling for the LIHTC at the greater of $2.8125 multiplied by the state population or $3,217,500.