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IRS Publishes Housing Credit and Private Activity Bond 2021 Volume Cap Amounts

Published on October 28, 2020 by Jennifer Schwartz
IRS Publishes Housing Credit and Private Activity Bond 2021 Volume Cap Amounts

On October 26, the Internal Revenue Service issued Revenue Procedure 2020-45, providing the 2021 per capita and small state minimum levels for the Housing Credit and Private Activity Bond (PAB) volume caps. In 2021, states will receive the greater of $2.81 per capita or $3,245,625 in Housing Credit authority. The Housing Credit per capita amount is the same as it was in 2020, but the small state minimum increased from $3,217,500. The PAB volume cap in 2021 is the greater of $110 per capita or $324,995,000, an increase over 2020 when the PAB volume cap was $105 per capita or $321,775,000.