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IRS Revenue Procedure 2018-57

Published on November 15, 2018
IRS Revenue Procedure 2018-57

IRS issued Revenue Procedure 2018-57, providing 2019 per-capita and small state minimum volume cap amounts for the Low Income Housing Tax Credit (Housing Credit) and Private Activity Bonds (PABs). The Housing Credit ceiling for 2019 is the greater of roughly $2.76 (specifically, $2.75625) multiplied by the state population or $3,166,875. This is a $.05 increase over the 2018 per-capita amount and an increase of $61,875 for the state minimum. The state ceiling for PABs volume will be the greater of $105 multiplied by the state population or $316,745,000. The per-capita figure is unchanged from 2018, but the state minimum is increased by $6.035 million.

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