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Summary
Revenue Procedure 2011-52 provides inflation-related adjustments for many tax-related items, including the states’ Low Income Housing Tax Credit (Housing Credit) authority and Private Activity Bond volume cap. Each state’s 2012 Housing Credit authority will be the greater of $2.20 per capita and $2,525,000, up from $2.15 per capita and $2,465,000 in 2011. Each state’s 2012 private activity bond cap will be the greater of $95 per capita and $284,560,000, reflecting no change from the 2011 per capita amount and an increase from the 2011 minimum of $273,775,000.
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