In May 2018, Internal Revenue Service (IRS) issued Notice 2018-45 providing state-by-state resident population figures for purposes of determining the 2018 Housing Credit volume cap for each state.
Federal Regulations & Notices
The Department of the Treasury (Treasury) and Internal Revenue Service (IRS) published Notice 2018-43 soliciting public comment on recommendations for items that Treasury/IRS should include in its 2018-2019 Priority Guidance Plan. The Priority Guidance Plan identifies guidance projects that Treasury and IRS intend to work on during the period from July 1, 2018 to June 30, 2019.
Provides disaster relief guidance specific to Puerto Rico’s recovery from Hurricane Maria.
IRS issued Rev. Proc 2018-22, modifying the 2018 Housing Credit per capita and small state minimum volume cap amounts to reflect the increase in authority we achieved as part of the Consolidated Appropriations Act of 2018 (omnibus spending bill).
Orders several federal agencies, including HUD, to review their public assistance programs and propose new policies and regulations to enhance self-sufficiency and economic mobility.