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IRS Publishes Resident Population Figures to Calculate 2019 Low Income Housing Tax Credit and Private Activity Bonds

Published on March 18, 2019
IRS Publishes Resident Population Figures to Calculate 2019 Low Income Housing Tax Credit and Private Activity Bonds

On March 18, the Internal Revenue Service (IRS) released Notice 2019-19, which provides the population figures to use for calculating states’ 2019 calendar-year volume limits for the Low-Income Housing Tax Credit (Housing Credit) and Private Activity Bonds (PABs).  IRS Revenue Procedure 2018-57 sets the 2019 Housing Credit ceiling for each state at the greater of the population multiplied by $2.75625 or $3,166,875, and the PAB cap at the greater of the population multiplied by $105 or $316,745,000.

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