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Volume Caps for the Housing Credit and Private Activity Bonds Increase in 2018

Published on October 20, 2017 by Jennifer Schwartz
Volume Caps for the Housing Credit and Private Activity Bonds Increase in 2018

This week, IRS published Revenue Procedure 2017-58, which sets out 2018 inflation adjustments for various tax provisions, including the Low Income Housing Tax Credit (Housing Credit) volume cap and the private-activity tax-exempt bond volume cap.  In 2018, each state’s Housing Credit authority will be $2.40 per capita or $2,765,000 for the small state minimum.  This is an increase over 2017, during which each state received $2.35 per capita or the small state minimum of $2,710,000.

The 2018 private activity bond volume cap provides $105 per capita or the small state minimum of $311,375,000.  In 2017, the private activity bond volume cap was set at $100 per capita with a small state allowance of $305,315,000.

 

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